Rangers and the Scottish FA are ready to cut a deal to prevent Scottish football suffering.
The SFA have been told by the Court of Session to reconsider the 12-month transfer ban imposed on the club for a disrepute charge, with alternative punishments including suspension and expulsion.
Meanwhile, a 10-page report by Lord Glennie, who ruled on the Rangers case at the Court of Session, warns the Ibrox club they could be thrown out of football.
Dunfermline chairman John Yorkston believes the only option for the SFA is to expel Rangers from the Scottish game as a Scottish Cup ban would be too soft a punishment.
Meanwhile, Rangers could be hit with an extended European ban over their decision to challenge the transfer ban at the Court of Session.
Former Newcastle chairman Freddy Shepherd is ready to invest in Rangers if they settle their tax debts.
OTHER FOOTBALL GOSSIP
Celtic will hand manager Neil Lennon an improved contract after he clinched the Scottish Premier League last season.
Hearts hope to make an announcement next week about the future of manager Paulo Sergio, who is out of contract this summer. (Various)
Rangers have accepted an invitation to join hosts Southampton and Arsenal in the Markus Liebherr Memorial Cup next month. (Various)
And Southampton could have Scotland goalkeeper Craig Gordon in their ranks by then.
Dundee United have told Stuart Pearce winger Gary Mackay-Steven will not be available for Team GB selection at the London Olympics this summer.
Hibernian have opened talks with Coventry City over a permanent transfer for James McPake, a deal likely to cost the Easter Road club £100,000. (Various)
St Johnstone midfielder Jamie Adams has signed a new one-year contract at McDiarmid Park after two injury-hit years. (Sun)
Kilmarnock are close to completing the signing of St Mirren's out-of-contract full-back Jeroen Tesselaar.
Defender Ross Tokely claims Inverness made him a "disrespectful" contract offer, prompting his decision to leave the Highlanders. (Various)
Hamilton manager Billy Reid could become assistant manager at Swansea if they land Wigan assistant Graeme Jones as their new boss.
Aston Villa are attempting to avoid paying compensation for Norwich City manager Paul Lambert - because they believe there is a clause in the Scot's contract allowing him to talk to interested parties in the Premier League if the Norfolk club are approached.
New Glasgow Warriors head coach Gregor Townsend will use the message of a Tiger Woods poster to improve the RaboDirect Pro12 side: "Performance is 90% about improving yourself and 10% proving yourself". (Various)
And Townsend insists he will ignore his critics and concentrate on improving the Warriors.