Rangers chiefs are set to demand a significant compensation fee for departing chief executive James Bisgrove.
It's understood Ibrox officials will push for a six-figure payout for Bisgrove to complete a big-money move to Saudi Arabia.
Shock news last night confirmed the chief executive would depart the club after five years in Glasgow.
Bisgrove is set to take up a new football role in the Middle East with a job offer accepted by the chief executive.
The Rangers Review first reported the Ibrox demands for a payout over Bisgrove's exit with an interim executive structure implanted ahead of the summer transfer window.
John Bennett has assumed the role of executive chairman at Rangers to oversee plans on and off the pitch over the summer.
The executive chairman will lead a team of remaining executives, with Philippe Clement, Nils Koppen and the club football board to work together on summer transfer business.
It's understood there is no rush to appoint a new chief executive to replace Bisgrove at this time with options to be considered while Bennett leads operations alongside other executives.
A Rangers statement read: "Rangers can confirm Chief Executive Officer, James Bisgrove, will leave the club having accepted a new football role in the Middle East.
"The Rangers Board has implemented an interim executive structure and, together with John Bennett, Philippe Clement, Nils Koppen and the Football Board, will prioritise the execution of the summer transfer activity.
"John Bennett will assume the role of Executive Chairman on an interim basis to ensure continuity and support to the wider executive team as they focus on executing our plans for the summer, both on and off the pitch.
"The Executive Chairman will lead a team comprising current executives. They are Chief Finance Officer, James Taylor; Director of Football Recruitment, Nils Koppen; Football Operations Director Creag Robertson and Chief Commercial Officer, Karim Virani."
Chairman Bennett said of Bisgrove's departure: “I would like to thank James for the work he has done at the club over the last five years as Commercial and Marketing Director, and latterly, as our CEO.
“Our commercial revenues grew significantly under James’ leadership, while in the last year, he was an integral part of the off-field restructuring the club has implemented.
“The executive team James helped shape has firmly established itself and I fully expect its momentum to be uninterrupted.
“We wish James every success with his new role."
