CHARLES Green flew into a rage when he was informed his salary would be half of what he was demanding at a bad-tempered meeting during his catastrophic stint as Rangers chief executive.

Green claimed that he slashed his annual wage himself when the Ibrox club went into the Third Division in 2012 in a bizarre interview with Jim White of Sky Sports News earlier this week.

Speaking from his hospital bed in London, where he was recovering from a knee operation, the outspoken Yorkshireman said: "I reduced my salary to £360,000. I halved my salary."

However, that completely contradicts what the divisive figure - who became known as "Chuckles" by fans during his time in Glasgow - stated in another interview - with, ironically enough, the same satellite broadcaster - back in March last year.

He said: "I was going to have the same salary as Ally McCoist, but Malcolm Murray (the then Rangers chairman) said that was wrong and halved it. For the work I did I should have had double."

And the Sunday Herald has learned that the 61-year-old was incensed when he was informed that he wouldn't be getting paid as much as former Rangers chief executive Martin Bain - or his Celtic counterpart Peter Lawwell.

The Englishman, who revealed he had been questioned by police twice since leaving Ibrox in 2013, wanted the same level of remuneration Bain received when the the Glasgow club were Scottish champions and competing in the Champions League.

Green erupted in a stormy meeting when he was told by Murray that both he and financial director Brian Stockbridge would only be getting paid half of what they were looking for.

An Ibrox insider said: "Charles Green wanted the same salary that Martin Bain had received when he had been the Rangers chief executive. But Malcolm Murray told him there was no way he was getting it. 

"Bain got a bonus for Rangers winning the SPL and getting into Europe. It was a totally different situation. It was ridiculous to think Green should get the same with Rangers in the Third Division.

"But he just launched into this outburst started going on about what Peter Lawwell (the Celtic chief executive) got. Brian Stockbridge was also after a lot more than he got. The greed was beyond belief. It is not factually correct of Green to say that he halved it himself."

Green still ended up pocketing a massive bonus for Rangers overcoming part-time opposition and winning the fourth tier of Scottish football back in the summer of 2013. The former Sheffield United chief executive walked away with nearly £1 million later on that year - a £333,077 salary, a £360,000 bonus, a severance payment of £270,000 and benefits of £22,449.

The 54-times Scottish champions have gone into financial freefall since he quit and urgently need to find substantial fresh investment in order to continue as a going concern in the coming weeks. There were angry scenes outside Ibrox before the SPFL Championship game with Hearts last Friday as fans protested about the prospect of the stadium being used as security on a £10 million loan from Mike Ashley.

It now appears that Newcastle United owner Ashley, who is desperately trying to hold onto power at the stricken SPFL Championship club after being blocked from increasing his stake to 29.9 per cent by the SFA, will not seek to acquire security over the stadium.

Despite the ongoing off-field unrest at Rangers, Green was unrepentant in his extraordinary interview with Sky on Tuesday - and insisted supporters owed him a debt of gratitude for the work he carried out during his time in Scotland. He stated that he had fought against the Gers being stripped of titles and trophies and had left - after a furore erupted over allegedly racist comments he made in another interview - when the club had £18 million in the bank.

However, those remarks have also been rubbished by senior figures who worked inside Ibrox during the controversial character's tenure who paint a different picture of the impact he had on the club. Green was one member of a delegation that represented Rangers during negotiations with the SFA, SFL and SPL at that time - along with Michael McLaughlin, a solicitor of DWF Biggart Baillie, head of football administration Andrew Dickson and manager Ally McCoist.

McCoist, who is currently on gardening leave after resigning as boss last month, walked out of talks in disgust after it was suggested Rangers give up their titles before Lord Nimmo Smith's independent panel ruled they had not gained an unfair advantage.

The insider said: "Ally was the one who really stood up for the club at that time. He refused to even entertain the possibility of Rangers having any trophy or title taken away from them that he felt had been won fairly and squarely.

"As for the money? There is still a lot of it unaccounted for. Where, for example, did the costs of the IPO go to? That has never been fully explained. And the club has suffered as a result the 'onerous' contracts Charles Green negotiated with the likes of Sports Direct."

Charles Green was unavailable for comment.