Rangers manager Ally McCoist will ask chief executive Charles Green to give supporters "the answers they deserve" over Craig Whyte's apparent claims that he was involved in the new company that initially took control at Ibrox last year.
Green confirmed to the Scottish Sun that Whyte was threatening legal action against him and former Rangers director Imran Ahmad, demanding a quarter of Green's shares or £1million a year for life.
The legal action reportedly centres on Whyte's claim that he was behind the Sevco 5088 company which bought the assets and business of administration-hit oldco Rangers, of which he was majority shareholder, in June last year.
The assets, which were bought for £5.5million following the failure of a Company Voluntary Arrangement proposal to creditors, were soon transferred to Green's Sevco Scotland company, which later became The Rangers Football Club. Whyte reportedly argues that this transfer was illegal.
When his consortium was named preferred bidder by administrators Duff and Phelps in May 2012, Green confirmed he had met Whyte and secured an agreement to acquire his shares for a nominal fee.
But McCoist admitted he had been unaware of any of the new claims.
Speaking at his pre-match media conference ahead of the newly-crowned Irn-Bru Third Division champions' clash against Queen's Park on Sunday, McCoist said: "On that, I'll be completely honest with you, I only read it this morning, I didn't know anything about it last night.
"It's complete news to me so I'll definitely be meeting Charles and having a chat with him.
"Without doubt again, the real people I feel sorry for are the supporters.
"The supporters have kept this club going in the last 18 months and I definitely feel for them.
"Just when they seem to be getting a bit of clarity, something else comes out of leftfield. I would be very hopeful that our supporters can get the answers they deserve."
When asked whether he trusted what Green told him about the club, McCoist said: "Of course I do. I don't think he lies to me. Not at all."
McCoist added: "I'll just have a chat with him. I've had reassurances and we do chat on a regular basis.
"I don't have any doubt that he will sit down and tell me the truth of what's been happening and, as importantly, where we see the club going."
Green earlier told the Scottish Sun: "Whyte is trying to tout that he was behind the whole deal. He says he has tape recordings of Imran and me saying that he is Sevco 5088. Which is all true.
"We were warned before we met him that he would be taping things.
"What we had to do at the start was get the confidence of this guy for him to give us the shares, to give us the debentures, to do a whole raft of things. I'm not worried about what I've said on tape."
Green added: "We told him what he wanted to hear. Imran told him because we needed to keep him sweet to prise the club away from him."
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