However, the Ibrox newco will not sell any tickets until the side has secured Scottish Football Association membership.

Full adult and concession prices have been reduced by a third and prices for children's tickets have been halved.

Prices start at £65 for children and £258 for adults.

The cost is still significantly higher than other Division Three clubs, including Peterhead, where season books starts at £130, and Berwick, who charge £140 for a basic adult season ticket.

It is understood the Ibrox side have sold only a few hundred season tickets – a massive contrast from last season's 40,000 sales.

Club bosses are now set to extend the deadline for season ticket renewals for the second time in a matter of weeks.

A statement, issued by Rangers yesterday, said: "In response to numerous calls from Rangers supporters, the club would like to provide information regarding pricing for season 2012/2013 - subject to SFA membership.

"The decision has been taken to reduce season ticket prices – full adult and concession season ticket prices will be reduced by one third and juveniles by half.

"Prices for season tickets, which now include all 18 league games, start from £258 for adults, £65 for kids and £179 for concessions.

"We hope to provide further details on the timing of season ticket renewal distribution and payment methods later in the week, once the position becomes clearer.

"As ever, the club appreciates this is a difficult time for supporters and we thank you for your patience and loyalty."

rebecca.gray@ heraldandtimes.co.uk