THE Rangers board could do with a couple of big results right now but the most probable one is likely to arrive at the Armadillo rather than at Ibrox or Pittodrie.

It is the Premiership double-header with Aberdeen that will be the most important outcomes for supporters this week but events in Glasgow on Thursday morning are just as significant for the Light Blues.

Having narrowly failed to earn enough backing from shareholders twelve months ago, chairman Dave King and his directors will have another go at passing Resolution 11.

Read more: Dundee 2-1 Rangers: Light Blues suffer another Premiership blow and friendly fire from furious fans

There should be no problems this time around, especially after Club 1872, the second largest stakeholders in RIFC plc, confirmed that they will vote in favour of the proposal.

If the motion is passed, it will allow the board to clear some of the soft loans that the likes of King and the Three Bears have provided in recent years and convert them to shares.

It will be the first of what could be two or three rights issues that will be held as funds as raised to continue the rebuilding job at Ibrox. It can’t be a case of throwing good money after bad, however.

The fact that Mike Ashley is out of the picture, both in terms of his financial interest and the controversial merchandise deals, is a major box ticked for King and Co.

But that won’t be enough to placate supporters that have become increasingly frustrated, perhaps even disillusioned, at the way Rangers is being run in a football sense.

The deals that Club 1872 and Julian Wolhardt struck with Ashley came just days after King was able to finally bring his battle with the Sports Direct billionaire to an end.

Read more: Interim Rangers boss Graeme Murty set to remain in charge for Aberdeen double-header​

Going forward, it could be a turning point for Rangers. With their retail future back in their own hands, there is scope for considerable growth in the years to come.

It is how that money, and the funds raised at any share issue, is spent that will be the main source of concern for fans, though, as Rangers continue to count the cost of a series of blunders.

The appointment of Pedro Caixinha proved to be an unmitigated disaster and the final bill on everything from the fee to bring him from Al-Gharafa, through his European exit and summer rebuild and compensation arrangement, doesn’t make for pleasant reading.

Questions will be asked about why the Portuguese was brought to Ibrox in the first place, and why he was given several million pounds to spend on a series of risky acquisitions just weeks after the defeat to Progres Niederkorn.

Caixinha has already paid the price for his failure, but fans will demand some accountability at board level after the gamble backfired spectacularly.

Read more: Dundee 2-1 Rangers: Light Blues suffer another Premiership blow and friendly fire from furious fans

That frustration is nothing compared to the growing discontent regarding the hunt for Caixinha’s replacement, however, and King and his board could be set for a tough time when talk centres on the managerial recruitment process.

The Ibrox hierarchy could maybe have got away with a five week search if results had been earned on the park but the back-to-back defeats to Hamilton and Dundee have sharpened minds and raised anger levels.

This board have yet to fully convince they are the right men to take Rangers forward in a football sense and their track record will come under the spotlight from shareholders this week.

In times like these, few people at a club ever escape criticism and while the ire was directed at the Gers players at Dens Park on Friday night, the aftermath has seen King and Stewart Robertson come under the microscope. So has Graeme Park, who received the lowest backing of Club 1872 members in their AGM poll last week.

The board won’t be greeted with the same levels of vitriol that were directed at their predecessors in recent years but the AGM will be a litmus test of their popularity following the change in power of March 2015.

Share issues, soft loans and shirt deals are all part of the big picture but it is the team on the park and the quest for silverware that are the most important factors for the Light Blue legions.

Ultimately, that is how the current custodians of the club will be judged and remembered and there is now work to be done to turn the tide of public opinion.

The board will get one result this week. Another couple would be more than welcome.