Rangers shareholder and former chairman Sandy Easdale is considering taking legal action against the club following their removal from the AIM Stock Exchange.
It was confirmed today that the Scottish club will be delisted on Tuesday after failing to find a new nominated adviser.
The new regime under Dave King blamed the previous board for the outcome, which means that public trading in the company's shares have stopped.
Trading was suspended in March following the resignation of nominated administrator WH Ireland, but a new NOMAD was not appointed by the deadline.
On his possible legal action, Easdale told Sky Sports News that the shareholders were "misled on several occasions" and that the new regime expressed a "certainty that they would keep its listing".
Interim chairman Paul Murray has revealed that he hopes to now have the club listed on the ISDX market.
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