http://www.bbc.co.uk/sport/football/30827483
Newcastle owner Mike Ashley is ready to provide a loan of about £10m to Rangers but wants security of Ibrox Stadium and the club's Murray Park training ground, BBC Scotland has learned.
The so-called Three Bears consortium, led by the businessman Douglas Park, is believed to have offered a counter loan of about half that amount.
That group wants two seats on the club board and security over Murray Park.
However, it is thought the Rangers board feel the £5m loan is not enough.
In a statement to the Stock Exchange at lunchtime on Thursday, Rangers said: "The directors confirm that they are currently considering various proposals to secure the financial future of the club, however no decision has been made at this time."
The club needs a major injection of cash within the next few weeks just to continue as a going concern.
Rangers released a statement last year assuring fans that the club's stadium would never be used as security.