Former Rangers director Paul Murray has prepared a rescue package for supporters of the Glasgow club.
'Gers were yesterday forced into administration 13 months after the beginning of the regime of Craig Whyte and Murray is looking to organise a consortium to overthrow the owner so the club can be saved.
"Something that does not include Craig Whyte regaining control of the club from the administrators.
"A credible option is for a consortium of like-minded Rangers stakeholders to come together and try to rescue the club.
"The first stage of that process is to meet with the administrator to understand what the level of the club's debts now are.
"Maybe we can even meet with Craig Whyte to understand what he wants out of all this.
"And then, on that basis, we can structure a plan to take the club forward. I'm calling on all Rangers fans out there who are interested to now step forward and show their hand in the club's hour of need.
"I have never spoken publicly before but I would call this The Blue Knights.
"It would be similar to the model proposed by The Red Knights when they tried to take over Manchester United. ""First of all, we have to give the supporters another option," Murray told the Daily Record.