Rangers chairman Alastair Johnston has met Scottish businessman Craig Whyte, the prospective buyer of the Scottish Premier League champions.
The meeting took place on Friday morning in Glasgow.
The 39-year-old's lawyers are still involved in due diligence as he attempts to complete a £33m takeover.
Whyte, bidding for control of the club in conjunction with property developer Andrew Ellis, has promised to provide transfer funds of £25m over five years.
London-based Whyte is a 39-year-old millionaire who was raised in Motherwell and is a lifelong Rangers fan.
News of talks between Rangers owner Sir David Murray and Whyte and Ellis first surfaced last month.
If the proposed deal goes ahead there would be a payment made to Lloyds Bank of about £27m to clear the club's debt.
On top of that, £5.5m would be offered to shareholders, of whom Murray is the principal figure. The Rangers owner paid £6m for his controlling interest in Rangers in 1988.
Article Source : BBC News
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