It gets madder:
BREAKING NEWS
News from the Rangers media conference at Ibrox.
Charles Green has issued a formal offer to Walter Smith to become chairman of The Rangers Fooball Club Board. He says if Walter wants that position he'll appoint him at 09:00 BST on Friday morning.
He wants Ally McCoist to be the manager 100% although he hasn't spoken to him about it.
He won't sell his shares to Walter Smith's consortuim. He only has a small share.
Imran Amed (non-executive director), said that as well as the £5.5m, the cost incurred are up to about £10m. Other investors would be looking for a multiple of that if they were to sell their shares.
Green described newspaper speculation about him getting rid of McCoist as "rubbish".
"I don't stab people in the back I do it in the chest," he said.
Green has invited Walter Smith's consortium to come with them and take the club forward.