Former Rangers chief executive Charles Green has reportedly lodged £50,000 with a court.

The cash is expected to be used to help pay the club's legal costs if his case fails.

Insiders confirmed Green had lodged the money, according to the Daily Record.

The businessman wants the club to pay his legal bills, which could amount to £500,000, in the upcoming Rangers trial.

Green says Rangers agreed to provide him with legal cover as part of a severance deal before he left in 2013.

Judge Lord Doherty rejected his claim in November last year.

Green is now appealing that decision. Arguments are set to be heard at the Court of Session on Friday but a ruling is not expected to be made until a later date.

Green faces charges along with former Ibrox owner Craig Whyte and four others.

They are accused of being involved in a multi-million pound fraud over the club's acquisition.