FANS have raised concerns that bus tycoon Sandy Easdale has a power of veto over crucial decisions facing Rangers, despite not being represented on the board of the operating company.
Mr Easdale, who owns McGill's bus company, now has influence over 26 per cent of the shareholding at Ibrox.
It gives him far greater control over the club's affairs, including decisions over major investments, such as the one proposed by former director Dave King.
Mr Easdale is not a member of the RIFC board but is a chairman of its football board plc subsidary.
On Wednesday, it was announced Mr Easdale's purchase of an extra 1.2 million shares meant his personal stake stands at 5.21 per cent, but with voting rights on shares he does not own of 20.94 per cent.
The Union of Fans (UoF), the Rangers supporters group coalition who remain supportive of former Ibrox director Dave King's offer to re-invest up to £50m in the club, has again called for the plc board to stop Sandy Easdale controlling club affairs.
"We feel that Mr Easdale should be removed as a club director, but the plc board appear to be unwilling or unable to enact that much needed change," said the UoF.
The spokesman added that Mr Easdale is in a position, with the backing of shareholder who have not been named, to block much-needed investment.
"We would ask Mr Easdale to confirm publicly that he and his associates will not oppose any resolution at the upcoming AGM which would allow fresh investment from those who care about the future of our club," said the UoF.
Mr Easdale was recently photographed with convicted criminal Rafat Rizvi emerging from a restaurant in Glasgow.
A club statement later said Mr Rizvi was an adviser to Malaysian businessman Datuk Faizoull Bin Ahmad and had arrived at the meeting unexpectedly.
However, later Mr Bin Ahmad issued a statement denying he had any connection with a man who is on Interpol's most-wanted list.
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