Prospective Rangers owner Charles Green claims he has reached an informal agreement with HM Revenue and Customs over the partial repayment of the Ibrox club's tax debts through a company voluntary arrangement.
And Green has revealed he will meet with Celtic chief executive Peter Lawwell ahead of Wednesday's meeting of Scottish Premier League clubs, where possible sanctions against Rangers are likely to be discussed.
Documents reveal former Rangers goalkeeper Stefan Klos earned £8m over four-and-a-half years at Ibrox - a pay packet almost on a par with that of David Beckham.
Rangers manager Ally McCoist has urged the club's supporters to give administrator Duff & Phelps the benefit of the doubt amid concerns raised over their handling of the Ibrox financial crisis.
McCoist believes finishing in the SPL's top six would be "a dream" if the club's 12-month transfer ban remains in place and he is unable to replace players who may leave the club this summer.
But McCoist has assured fans he still has no intention of walking away from his job following suggestions he might quit due to the transfer embargo.
Former Ibrox director and one time SFA chief executive Gordon Smith says the governing body acted too harshly by handing Rangers the year-long ban on signing players over the age of 18. (Various)
OTHER FOOTBALL GOSSIP
Celtic manager Neil Lennon will watch Scotland striker Jordan Rhodes in action for Huddersfield in Saturday's League One play-off final against Sheffield United at Wembley.
But Huddersfield have warned clubs chasing prolific striker Rhodes, 22, including Fulham, Everton and Aston Villa, that he will only be allowed to leave for £8m.
Lennon is on the trail of Lillestrom's £2.5m-rated striker Bjorn Bergmann Sigurdarson.
Former Celtic goalkeeper Peter Latchford is stunned current incumbent and compatriot Fraser Forster has not been called up to the England squad for Euro 2012, with Birmingham City's Jack Butland getting the nod to replace injured John Ruddy in Roy Hodgson's squad.
Hibernian have been told they can sign Coventry City's James McPake on a permanent deal if they fork out £100,000.
Meanwhile, Hibs winger Ivan Sproule will remain at Easter Road next season, according to his agent. Speculation had linked Sproule with St Johnstone. (Various)
Goalkeeper Gemma Fay is expected to become Scotland's most-capped footballer when she makes her 142nd appearance against Sweden on Saturday. (Various)