The event has been organised by the Rangers Supporters Trust as they seek to examine ways to prevent the Ibrox club going into freefall following reports that the club is £30m in debt, and that Lloyds Banking Group are set to introduce savage cuts in an attempt to balance the books.
Drastic measures under consideration by the money men if a buyer cannot be found for David Murray’s major shareholding include the possibility of flogging off a raft of first team stars in January’s transfer window to ease the debt.
If that were to happen then it’s highly possible manager Walter Smith whose contract is up in January and who has been vocal about the bank's involvement might be tempted to walk, plunging the club further into crisis.
A takeover by Glasgow-born multi-millionaire South African Dave King has been mooted. But if King, who has tax problems in South Africa fails to ride to the rescue then one possible survival route the club could go down is fan ownership.
And it’s the feasibility of Rangers going down that road that will top the bill at the conference with representatives from Hamburg - the Bundesliga club which is 100 per cent member-owned - and Espanyol, outlining just how that can be achieved by following the members-run model favoured by many top clubs on the continent, including Barcelona.
It’s a move Hamburg fans' chief Jens Wagner, who will address the conference on Saturday, believes is a realistic possibility for the Scottish club.
Wagner said: "For me, this is the best way to run a club, but I know it is not going to be easy for Rangers supporters to make it happen.
"It all depends on whether or not they can raise the money to fund a buy-out and I don't know how they stand with that right now. Why shouldn't it work at Rangers though?
"It works in Hamburg and we are a competitive side currently sitting third in the Bundesliga."
Putting the plan into practice would entail a supporters' buyout combined with a consortium of wealthy local businessmen seizing control of the troubled Ibrox club.
The Champions League has been won on six occasions in the last 15 years by clubs owned and run in such a way.
Hamburg have 65,000 members who pay a yearly fee of 48 Euros and elect a supervisory board that then goes out and recruits suitable figures from the football, legal or business community to serve on the club board.
Last year Liverpool fans disgruntled at the direction the club was heading, considered taking similar action. A group called Share Liverpool FC proposed creating a "member-share" scheme at Anfield whereby 100,000 people invested £5,000. The £500m raised would then go towards ousting co-owners Tom Hicks and George Gillett, and building a new stadium.
However, they have been unable to raise the required capital to make an offer for the club
More recently Stirling Albion aimed to make the club the first 100% supporter-owned league club in the UK with a new initiative by the Stirling Albion Supporters Trust that aimed to raise money by getting 20,000 football fans across the globe to pledge £40, in return for influence over club and team affairs.
Also on the agenda at the meeting which runs from 11am to 3pm on Saturday will be the level of Rangers debt, with the club’s annual figures released on Thursday, coincidentally the same day Bolton chairman Phil Gartside's EPL 2 proposal inviting the Old Firm to join the English league goes in front of the top flight English clubs.
By Thursday fans should also have discovered what punishment, if any, Uefa will dish out to their club after trouble flared at the Unirea Urziceni game in Bucharest last week.
