WALTER SMITH has drawn up a two-year blueprint for his mission to rescue Rangers.
SunSport can reveal that Smith and his consortium will launch their takeover bid within the next 48 hours.
Accountants representing the group — which is bankrolled by Scotland’s richest man Jim McColl and motor tycoon Douglas Park — will open talks with current owner Charles Green.
The offer will not be near the £20million suggested by the Green camp.
But Smith & Co hope the Yorkshire businessman can be persuaded to take a tidy profit and quickly step aside to allow the fans’ choice to take control of Gers.
Meanwhile, Smith is on holiday in France contemplating his next move in the bid to secure the future of the club.
SunSport can reveal:
SMITH will NOT be chairman or a director of football of the new Rangers, should his group wrest control.
ALLY McCOIST will remain as boss over the next two seasons and won’t be held hostage to results.
SMITH may not even take a seat on any football or business board. His main concern is to put the right people in charge to ensure Gers never again fall into the shameful state they are in now.
SHOULD his ‘Dream Team’ bid fail, there is no chance of Smith returning to Ibrox as part of the Green regime.
THE Group will invest significant money in the infrastructure of Ibrox and Murray Park.
SMITH will battle to encourage new investment into Gers and when that has been achieved he will step down.
Smith, the only man the Rangers fans trust to unite their shattered club, has been courted by every regime and failed bid since Whyte bought over Sir David Murray’s 85.3 per cent majority shareholding in Gers for £1.
He has stayed on the sidelines though, and is only involved now because he feels McColl and Park have Rangers’ interests at heart and are not in this to make money.
The consortium want to organise crunch talks over the weekend and begin the process of trying to land Rangers.
But Green holds all the cards now as McColl and Park waited until the 11th hour to make their move.
Now Smith and his backers face a nervous weekend as they prepare to start negotiations with Sevco.
He was offered a boardroom position by shamed former owner Whyte but declined it.
Green will get the same answer, so turning down this offer and trying to keep Smith in the loop is not an option for the new owners.
Now the test for Green will be if he wants to fight a bloody battle with the fans or bow to pressure and accept the offer that is looming.
Read more: Two-year plan to rescue Rangers | The Sun |Home Scotland|Scottish Sport|SPL
ARCHIE KNOX has known Walter Smith for 40 years.
Since they were at Dundee United together in the 1970’s, to standing side by side as Rangers clinched nine in a row.
Knox spent six years from 1991-97 as Smith’s No2 at Ibrox.
He knows what makes him tick.
And he believes Smith has what very few people have to front and pull off a daring takeover bid from Charles Green — the trust of the Gers fans.
Knox, now No2 to Craig Brown at Aberdeen, said: “It was a total surprise hearing about Walter being involved in this bid.
“Someone has obviously twisted his arm, but Walter must feel he can do his bit... and you won’t get a man with Rangers at heart more than him.
“He has been a Rangers supporter from his schooldays and twice had great success with them as manager.
“These guys are now keen to make sure Rangers go forward in the right manner.
“And if they have Walter at the helm, that is a great start for them.
“They will have all the supporters back on board because they can associate with Walter who brought them a huge amount of success.
“If he is leading the way then I am sure everyone will be behind them. He will have their trust.
“If Walter feels it is a realistic proposition and is throwing his weight behind it, then it is a good way forward for Gers.
“It looks like he felt enough is enough and wants to get the club back running with some Rangers people.
“It is just a damn shame what has happened in the first place.”
Knox remembers fondly his years as Smith’s No2 down Govan way.
Graeme Souness had left with two games to go in season 1990-91 with Smith propelled into the hot seat.
Knox, who was Alex Ferguson’s No2 at Manchester United at the time, joined Gers and they ended up winning the league on the last day with a dramatic 2-0 win over Aberdeen.
Knox recalled when they met and how their relationship developed.
He added: “Walter and I met 40 years ago when we were both at Dundee United. He was always a keen football guy and we both worked under Jim McLean. We both started doing our coaching badges at a young age.
“We played together at United and did the coaching courses down at Largs together.
“We must have done the coaching courses for about 25 years.
“I was assistant to Alex Ferguson at Manchester United when I got the call from Walter to come to Rangers in 1991.
“I arrived a few days after Graeme Souness had left and that was with two games of the season left.
“It was an awkward time as United had just reached the final of the Cup Winners Cup against Barcelona. But I left the week before the game and joined Rangers.
“They were going for their third title in a row and it was vital Walter got off to a good start.
“But we lost 3-0 to Motherwell which meant we had to beat Aberdeen in the last game at Ibrox, which we did 2-0.
“We carried on as normal after the defeat to Motherwell.
“Walter never panicked and kept things on an even keel. He was always like that — he would never get carried away.
“That kept the players calm enough even though there was a lot of hype about that Aberdeen game.
“Things could have turned out so differently had we not won the title that season.
“But that title win made everyone sit up and realise that here was a good manager, and that Sir David Murray was no fool.
“It would have been easy for Murray to go for a big name, but he realised he had a guy capable of doing the job on his own doorstep.
“I am sure Graeme Souness backed Walter up to the hilt as well.
“When you take on a club that size it is vital to have success.
“Walter continued the success after Souness had left and attracted a level of player. When we won that title, he had the fans on his side straight away.
“They wanted another one after that which he got and that was him really confirmed as the gaffer.
“He was on his way to becoming a great Rangers manager and the fans will be delighted if he returns to the club as the new supremo.”
Read more: He’s the one man Gers fans can trust | The Sun |Home Scotland|Scottish Sport|SPL
THE SFA have been told FIFA won’t be stepping into the debate over the registration of Rangers players.
UK employment law — under TUPE regulations — allows Gers stars to quit Ibrox for free now the club has been liquidated.
But there’s a grey area on what happens to their registrations, with Charles Green claiming they’d be in breach of contract.
Hampden chiefs wrote to FIFA this week seeking guidance but SunSport can reveal the SFA have been told to sort it out themselves, because Hampden holds all player registrations, It means the SFA would rule in any dispute if the likes of Allan McGregor, Steve Davis or Steven Naismith chose to walk away.
An announcement is being delayed as FIFA drag their heels over assurances the SFA want in the event their decisions are disputed by the newco club.
FIFA rules stipulate they would only get involved if a dispute had an international dimension. They could be called on for the big earners or if the likes of Dorin Goian or Carlos Bocanegra chose to quit.
Each player’s situation would be taken on a case-by-case basis, further complicating matters.
The SFA are mindful of both the situation at Ibrox and the views of PFA Scotland that its members CAN walk. It’s thought the hierarchy will now meet early to discuss a way ahead.
A FIFA spokesman, asked if registration disputes would be down to the SFA’s discretion, said: “Yes. Neither a player nor a club can hold the registration of a player. A player is registered at an association. As a general rule, a contract may be prematurely terminated by either party without consequences of any kind where there is just cause.
“Whether a just cause is given or not must, in case of a dispute, be assessed while considering the specific and particular circumstances of the concrete case.
“Consequently, it is not possible to provide a straight-forward list of occurrences that constitute just cause.
“However, FIFA is only competent to hear an employment-related dispute between a club and a player if the facts have an international dimension.”
Read more: FIFA take back seat | The Sun |Home Scotland|Scottish Sport|SPL