The company which runs Rangers Football Club faces the prospect of a winding-up order over an unpaid bill, despite denials from the club.
No agreement is understood to have been reached between Rangers and a Singapore-based company, Orlit Enterprises.
That is despite a spokesperson for Rangers saying a deal had been reached, subject to paperwork. It is thought two disputed bills amount to around £400,000.
Orlit Enterprises are believed to be investigating the possibility of raising a winding-up order against the company which runs Rangers within the next seven to 10 days if the dispute continues.
Orlit Enterprises is run by the Singapore-based businessman Chan Fook Meng. He is a former business associate of the current Rangers chief executive Charles Green.
Mr Green is a former chairman of Mr Chan’s company, Nova Enterprises.
That company is also linked to Rangers finance director Brian Stockbridge, who was an adviser during his time at the stockbrokers Allenby Capital when it was called Tembusu Investments Ltd.
In a statement Rangers said the “sums sought are insignificant”, an agreement over payment had been reached and there was “no threat to the Club whatsoever”.
The dispute does not concern the “old-co” RFC 2012 plc.