Professional Footballers' Association (PFA) Scotland have raised claims against Rangers for no less than 67 players regarding playing contracts.
'Gers are facing an employment tribunal after failing to inform and consult the transfer of contracts to the newco which occurred when the Glasgow giants fell into liquidation in the summer.
"PFA Scotland has raised an employment tribunal claim against RFCL (The Rangers Football Club Limited) on behalf of 67 unnamed players at the employment tribunal in Glasgow," read Rangers' share issue prospectus.
"The claim relates to an alleged failure on behalf of RFC 2012 plc to inform and consult with affected employees prior to the TUPE transfer on 14 June 2012.
"Both RFCL and Rangers 2012 plc have been cited and compensation can be awarded on a joint and several basis.
"RFCL's advisers have taken issue with PFA's right to bring such a claim on behalf of the players.
"Senior counsel's advice has been taken on the matter and a robust opinion has been given to the effect that PFA Scotland has no locus or standing to raise such a claim.
"If RFCL's preliminary challenge to the bringing of this claim is successful that will be the end of the matter. It is not currently possible to quantify these claims in full."