But administrators Duff and Phelps have refused to reveal the details of the document that will see Her Majesty's Revenue and Customs, London-based firm Ticketus, and hundreds of other creditors, receive just a fraction of the money they are due.
Businessman Charles Green, who heads the Sevco consortium, has pledged £8.5million to a Company Voluntary Arrangement pot, with the proceeds from Rangers ongoing court battle with London lawyers Collyer Bristow and money due from Everton for the transfer of Nikica Jelavic set to be added to the mix.
Reports this morning have suggested creditors will receive around 20p for every £1 they are owed by Rangers, with Green requiring 75% agreement to force through his proposal to stave off liquidation.
Joint administrator Paul Clark said: "I still can't give an absolute confirmation of the amount.
"The structure of the deal is sufficiently complex that we are not in a position to give a finite distribution.
"We will receive an £8.5million contribution from the Green consortium.
"To add to that, we will have the proceeds of litigation that are ongoing and various aspects and also into the same pot we have outstanding player transfer fees.
"There will be certain deductions for the cost of administration and the CVA, then the final moving piece is that there is still a certain amount of uncertainty over the creditors claim because we still await the final result of the big tax case. There are still quite a few moving parts.
"This won't prevent the creditors from voting on June 14 but it does mean they won't know for certain what the distribution will be. What we have constructed is the best outcome for creditors.
"On the basis that this is what all the stakeholders, including the fans, have been striving for we are delighted with the progress we have made."
Meanwhile, reports today claimed that Green could be in line for a potential £4million windfall if he saves Rangers.
If the club exits administration via a CVA, he plans to appoint himself as chief executive and float the club on the AIM stock market, suggesting investors could 'double' their money.
Green has produced a brochure aimed to bring investors on board, which claims he is "being incentivised by 10% of the enlarged share capital of the holding company post completion".
RANGERS COULD BE BOOTED OUT GAME: BACK PAGE
