The Scottish Football Association will decide by the end of the month whether it will investigate links between Rangers and former owner Craig Whyte.
The governing body's chief executive Stewart Regan said yesterday that the SFA board would examine a report requested by the current Ibrox directors regarding allegations Whyte was involved in Charles Green's bid to buy the club's business and assets.
The independent investigation, which was carried out by law firm Pinsent Masons and overseen by Roy Martin QC, was commissioned by the Rangers board but found no evidence that Whyte invested in the current Ibrox set-up.
The allegations were denied by Green, who subsequently resigned from his role as chief executive of the club.
However, the SFA could now carry out an investigation of their own after Regan commented: "We said at the outset that there were a number of questions that the club has to answer. That remains the case.
"We also said we needed to see the report that had been carried out by Pinsent Mason. I can confirm we have now seen that report.
"A formal brief will go to the Scottish FA board on that subject towards the end of this month and will then decide what steps we will take, if any.
"It's hugely important for Scottish football that we don't have yet another summer of acrimony, bitterness, falling-out and unhappiness amongst supporters and club staff.
"We have to move forward and must do everything we can collectively to get the game right in Scotland."
Whyte was declared not "fit and proper" to take part in Scottish football and banned by the governing body following his time at Rangers - who were liquidated after Whyte put the club into administration in February last year - and is now being pursued by the SFA for a fine levied as part of a disciplinary charge.
The Motherwell-born businessman continues to claim that he was a director of Sevco 5088, the company formed during the initial stages of Green's buyout of Rangers' assets.
The SFA requested information from Rangers about any connection with Whyte but said it would wait for the club's own investigation to conclude before taking action of their own.
Regan was speaking following the SFA's Annual General Meeting at Hampden.
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