The Scottish Football Association have requested that Charles Green submits the necessary paperwork to apply for the transfer of Rangers' membership to his new company by Friday.
The owner of Sevco 5088, which own the assets of the Ibrox club bought for £5.5m, has made a short, formal request to the governing body for their board to consider switching the membership from the old company to his newco.
Green though is yet to provide necessary information for the request to be considered, such as the details of the shareholdings of his company and its structure, a business plan and information to comply with the Scottish FA's rules on fit and proper persons.
The Scottish FA will not consider the request until any company owned by Green is playing in a recognised football league but is understood they are keen to have all the necessary paperwork in place.
The Scottish Premier League will not allow any new Rangers club to participate in its league, after six member clubs stated their intentions to vote against the transfer of the oldco's league share to the new company.
The board of the Scottish Football League met on Monday to consider any future request to join their league by Green, which would be put to a vote of its member clubs within the coming weeks.
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