Rangers supporters have called on their fellow fans to join them in a "mass demonstration" to express their opposition to Mike Ashley's decision to take out security on Ibrox.
The Newcastle United owner, who acquired a nine per cent share of the Scottish outfit last year, has reportedly notified land register bosses of his plans, which also include the club's Murray Park training ground.
The proposal is said to have been made by the businessman with the offer of a £10m loan on the table to the financially-stricken club.
In response to the reports, The Union of Fans has issued a statement saying: "[We are] sickened by today's news that the board is attempting to mortgage Ibrox and Murray Park to Sports Direct. Put simply, Mr James Easdale, Mr Sandy Easdale and Mr David Somers have lied to fans and shareholders.
"They have engineered a situation where they are handing the most prized assets of the club to Mike Ashley despite other, better funding offers once again being on the table. Derek Llambias and Barry Leach have been appointed by Mr Ashley to ensure he grabs the remaining assets of the club.
"Mr Ashley and his board stooges have shown a blatant disregard for the club and the fans. John Brown could not have been more accurate when he described them as 'rats'."
The group have asked fans to join them 45 minutes prior to Rangers' clash against Hearts on Friday to stage a protest outside of the Ibrox gates.
