Last night the board of the club took steps to repair relations with those demanding changes to the board.
The strife-torn Ibrox club issued a statement opening the door for Frank Blin, the ex-boss of accountancy firm Price-
waterhouseCoopers Scotland, to join the board in an attempt head off calls led by Jim McColl for a General Meeting.
The offer of a compromise between the rival groups came on the day the board unanimously agreed to end former chief executive Charles Green's consultancy role.
As revealed in later editions of last night's Evening Times, Mr Green, who has been criticised by fans since his return to the club, had earlier in the day said he would stand down.
He then offered investor Sandy Easdale first refusal on his 7.7% stake in the club.
Jack Irvine, spokesman for the Easdale family, said: "Charles Green has given first refusal of his shares to Sandy Easdale as he promised.
"Sandy may take all or some of the shareholding, depending on the strategic requirements of other potential investors."
The latest twist in the tale at Rangers means that the investors headed by Mr McColl must now decide to accept the compromise or push for a GM.
They had previously called for the removal of chief executive Craig Mather, finance director Brian Stockbridge and non-executive director Bryan Smart from the board, and the appointment of former Ibrox director Paul Murray.
However, the Rangers Statement fell short of those demands. It read: "The directors can state categorically that they have always been open to adding to the current size of the board and are actively seeking a new chairman, one who will bring instant and significant benefits.
"In particular it will be necessary to connect strongly with Corporate Britain if the board's ambitions for Rangers are to be fulfilled.
"This board has been working tirelessly to find an intelligent solution to the request for a general meeting and all of the directors are open to sensible and reasonable additions. For instance, the board are not against Frank Blin becoming a director but do have reservations about other proposals."
It added: "The directors remain hopeful compromise can be reached and that everyone, the fans especially, will see this club emerge a much more stable and vibrant operation."