DAVE King has returned to Ibrox in an attempt to push through a rescue bid for the crisis-hit club.
The South African-based businessman was pictured leaving the stadium after flying back to Scotland for talks with the League One champions' board.
The former director has been engaged in a long-running battle for control with the ruling regime at Ibrox and has recently found himself faced with a fresh rival in the shape of Newcastle United owner Mike Ashley, who has increased his stake in the Ibrox club to nine per cent.
It comes after it emerged Mr King had teamed up with Paul Murray and supporter George Letham to launch a £16 million investment plan.
Asked if he was optimistic his bid would be accepted, Mr King told Sky Sports News: "Yes we are."
Earlier this year Mr King, who lost £20 million when the Light Blues were liquidated in 2012, vowed to plough another £30m into the club in return for a controlling stake.
His rescue plan has been privately backed by chief executive Graham Wallace, while Sandy Easdale, the chairman of the club's football board, wants to forge ahead with Ashley.
It is understood neither Sandy Easdale nor his brother James were at the meeting following a family bereavement. It is Mr King's first public appearance in Glasgow since March.
Sandy Easdale owns 5.21 per cent of the club and holds proxies for another 20.94 per cent.
Rangers declined to comment.
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