RANGERS have reportedly launched a legal counterclaim against Sydney Super Cup organisers after reports the Ibrox club would face being sued over their withdrawal from the event.

It's claimed Ibrox chiefs are countersuing over "numerous breaches" over communications, marketing and payment issues by organisers.

As reported by The Rangers Review, Ibrox sources do not expect to face financial punishment and are confident in their legal standing on the matter.

Reports in Australia have claimed legal action has been lodged by TEG Live POty Ltd and Left Field Live Pty Ltd over friendly matches against Celtic and Western Sydney Wanderers being 'wrongfully terminated' with parties suing for £1.6million.

Celtic first announced the tournament in March with Rangers confirming they would appear at the event the following day.

But Rangers withdrew from the event on March 31 stating tournament organisers were unwilling to fulfil commitments to Rangers.

The event - which was heavily promoted as an Ange Postecoglou homecoming - did go ahead earlier this month with Everton, Sydney FC and Western Sydney Wanderers involved alongside Celtic.

A Rangers statement on the event read: "Rangers can confirm the club will not be participating in the Sydney Super Cup in November 2022.

"After it became clear the tournament organisers were unwilling to fulfil their commitments to Rangers, we have, with immediate effect, terminated the club's agreement with the organisers."

A joint TEG Sport and Left Field Live statement read: “We were disappointed to wake up this morning to Rangers FC’s statement that it will not be participating in the Sydney Super Cup.

“The Rangers board committed to these matches following extensive negotiations over eight months. Seemingly in response to negative fan reaction, they have pulled out of their contracted commitment.

“We have worked closely with all stakeholders to bring this exciting event to Sydney, and we refute any suggestion that we were unwilling to fulfill our commitments to Rangers.

“We have acted in good faith and have put the event on sale with a great response from fans here.

“In changing their minds, the Rangers board has let down many, many fans in Australia and the Asian region. We will now consult with our stakeholders before determining our response.”