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Duff & Phelps, the administrators of Rangers Football Club, have issued a statement on the future of the club:
Rangers Administrator Paul Clark : "The agreement on very substantial wage reductions and voluntary departures from the club represents a major sacrifice by the Rangers players.
"There are a small number of matters still to be dealt with over the weekend but we do not believe these will be insurmountable in the completion of an agreement.
"This has been a difficult week for everyone at the club and we are pleased that we can now move forward and focus on the next steps in the recovery process."
Captain Steven Davis and Kyle Lafferty have just left Murray Park
Rangers boss Ally McCoist has just left Murray Park without comment
Latest ITV News reports
Duff & Phelps say they cannot support a protest planned for this weekend.
The club's administrators revealed that some players have had their wages cut by up to 75% to help save jobs at club