Rangers chairman Craig Whyte will put off the club’s AGM until the new year in a bid to ensure a more positive meeting.
The AGM had been expected this month but Rangers will first seek to make progress on their dispute with Her Majesty’s Revenue and Customs.
A tax tribunal was recently postponed from November until January and Whyte hopes to face shareholders with the outlook more favourable as the club’s lawyers work to avoid a bill of up to £49m.
Rangers last week published annual figures showing their debt had almost halved to £14m during the year to June 30, but the accounts were not signed off by an independent auditor.
Whyte told the Scottish Sun: “We’d still hope to have our accounts signed off before the end of the year.
“It will not be logistically possible to have the AGM in what remains of 2011, though.
“We will have it in the first quarter of 2012 when we’ll have a better indication of how the tax case will play out.
“I’d like to face that AGM with more certainty and positive news on the way ahead for Rangers.”
Whyte, who last week confirmed to the stock exchange that he had been disqualified as a director for seven years, added: “I feel there is too much focusing on negatives from my past, but I put myself up there to be shot at. I can handle that.
“But I hope there will be a more positive atmosphere by the time of the AGM.”