Charles Greens plans to turn Rangers into a newco could see the club lose a number of its top players.
The soon-to-be owner of the Glasgow club failed to keep the club out of liquidation and the fact he has not involved the players in his plans has them seething.
It is suggested that a majority of the playing group, many of whom took 75% pay cuts to keep the club afloat, feel like they have been betrayed and may look to depart Ibrox this summer.
A source close to the Rangers players said: "The guys feel as if they've been dumped on from a great height and cannot believe no-one from the administrators or the club has contacted them to let them know what's going on. In one word it is a shambles.
"Since they accepted those wage cuts they have been briefed only twice by junior members of the administration team.
"It's so bad they only learned from news reports Green's CVA had been rejected. The treatment they are receiving is simply unacceptable.
"They took wage cuts when other big earners did not. They took that hit and delivered second place in the league despite all the turmoil. But for what? So they can be ignored and left in the dark by the guy who is supposed to be buying the club?
"It's extraordinary and insulting that Green has made no attempt to keep these guys in the loop.
"The way some of the boys are feeling right now it would come as no surprise if a few of them decided the time has come for them to look out for No.1.
"They have tried to do their best for the club but their patience is running out."