Former Rangers player John Brown has accused Charles Green of giving in to Celtic chief executive Peter Lawwell over a proposed deal to retain top-flight football at Ibrox.
Green has been meeting Clydesdale Bank Premier League clubs in recent days in a bid to persuade them to accept his new company's application to acquire Rangers' share in the competition.Reports claim Green has offered to accept points deductions and a transfer embargo in order to secure SPL status.
"Green has surrendered," Brown said. "I think Peter Lawwell had a dream about keeping Rangers in the SPL, but only if he could make sure they would never have any chance of winning the title, by giving them a points deduction for the next few seasons."
Brown is leading an attempted fans' buyout of Green's company, who bought the business and assets of Rangers for £5.5million last month and he criticised Green's approach.
He added: "By also surrendering and agreeing to the SFA transfer embargo, Green will leave Rangers with no players and Ally McCoist will actually face a fight to avoid relegation."
Brown is pushing ahead with plans to mount a fans' ownership bid after Green's consortium rejected two bids from different parties since taking over.
"Right now I am putting in place the best legal team we can get, so that, we can do this in a proper corporate way, with supporters knowing that when they put money in to buy themselves a share in Rangers, their cash is safe.
"My plan will put Rangers men in charge of Rangers. The type of people who will not surrender to Peter Lawwell and Celtic the way Green has surrendered to them."
Brown and former Rangers vice-chairman Donald Findlay are awaiting a meeting with Ibrox chairman Malcolm Murray after demanding to see ownership documents relating to the club.
Murray pulled out of a meeting yesterday and Rangers said one would take place later in the week, while Green later told supporters all of their questions would be answered in the next week.