Darrell King has reported this morning in The Glasgow Herald that the Lloyds banking group will place Rangers into administration should a buyer not be found within weeks.
Donald Muir, the so-called 'Rangers man' appointed as a non-executive director of the club 10 days ago has suggested this as the only viable alternative to a business plan the Rangers boards initially rejected from Lloyds that involved mass cuts throughout the business.
Dave King, The South African-based businessman, remains the front-runner to buy the club but according to The Herald, he is having trouble striking a deal with the bank.
The figure the bank are holding out for is £30 million, equal to Rangers current debt. Whether or not this payment would actually clear Rangers' debt after the takeover or not remains to be seen.
Someone needs to come out and address the huge speculation that surrounds the club. The only positive seems to be the possibility of the root and branch upheaval that's been needed at Ibrox for a decade.