STEWART REGAN admits Rangers' financial position is 'concerning' for Scottish football.

The Championship club have taken in £3million in emergency funding from Mike Ashley in recent weeks and will need another substantial cash injection to get to the end of the season.

And SFA chief executive Regan is keen to see the off-field situation at Ibrox sorted.

He said: "Obviously it is concerning for the Scottish game.

"We would all like to see Rangers improve their financial position in order to bring money to the game of football in Scotland.

"Rangers have got a strong economic impact, not just for Glasgow, but for Scotland generally.

"In that regard, I know the fans are desperate to see success again. They are desperate for stability.

"They've had a number of years of ups and downs now and I think they are hopeful they will get some certainty and stability in the future."

Ashley has effectively seized control of Rangers thanks to his loan deal with the board.

And Regan is eager to meet with the Newcastle United chief to discuss his Light Blues plans.

The governing body wrote to the Newcastle United owner last month seeking clarity over the extent of his involvement at Ibrox.

Regan said: "We've been in regular dialogue with Mike Ashley's lawyers through Mash Holdings. It's still ongoing at the moment, we are still in dialogue.

"The next stage is to meet with Mike and his advisers and obviously get some clarification around some of the concerns we have got.

"We have a situation in our articles which prevents dual interests in football clubs. We gave Mike Ashley the ability to have up to 10% shareholding in the club.

"As part of that, there was a commitment there would be no management or influence at Rangers Football Club.

"Clearly, we want to have a better understanding of his position in that regard."