Rangers' creditors meeting began this morning amid increasing uncertainty over the future of Charles Green's new regime, with focus soon shifting to the future of manager Ally McCoist.
The meeting was a formality given Her Majesty's Revenue and Customs had already rejected Green's reduced payments offer.
Reports claim McCoist is poised to resign due to uncertainty over his future once Green completes his £5.5m newco purchase of the club's assets.
McCoist arrived at Ibrox this morning without making comment while Green briefly told reporters he wanted the manager to stay as he arrived for the creditors meeting.
Green has held talks with Scottish Premier League officials after it emerged his Company Voluntary Arrangement was doomed to failure but his plans to stay in the top league suffered a blow this morning.
Aberdeen updated their position on a potential newco vote by stating that "integrity" was their central criteria.
Dons chief executive Duncan Fraser told the club's official website: "Yesterday's announcement that Rangers FC will reform as a new co brings a degree of clarity to the situation.
"However there are a number of other investigations ongoing. Like everyone we wish to see them resolved as soon as possible.
"A large number of our supporters have made their views and feelings very clear and as a club I can assure everyone that these are being taken into account.
"The integrity of sport in general and football in particular must be central to any decision.
"This issue has our full attention and we will communicate any decisions we take in relation to this situation with our supporters in a transparent way at an appropriate time."
However, fresh reports claimed that the SPL's broadcasting deal, which is due to be renewed this summer, would be in serious doubt if Green's Rangers are forced to start in the Irn-Bru Third Division.
Green would need seven other clubs to accept his application to acquire Rangers' share in the competition if he pushes through with his newco deal.
McCoist left Ibrox through the main door at about 10.45am and shook his head and said nothing when asked about his future by waiting reporters and fans, before driving away.
The creditors meeting is believed to have lasted less than 10 minutes with HMRC's decision to reject the CVA having already ensured Green would not receive the 75% backing required.
Unsecured creditors are owed a confirmed £55m and the vast majority of Green's £5.5m payment will go to administrators Duff and Phelps and on legal costs, although liquidators will pursue other avenues to recover cash.
Some of the 26,000 small shareholders who have seen their stake in the club disappear with the failure of the CVA deal will also attend a subsequent meeting at 1pm, although the club have claimed it will last about five minutes.
Green has previously promised to name more of the investors in his Sevco consortium after the CVA meeting having so far confirmed only two - a Malaysian hotelier and Middle Eastern lawyer.