Rangers fans should ask what is happening at Ibrox with takeover in the air and squad spending on hold - Keith Jackson

There's a great deal of noise and confusion around Rangers at the moment. And, as is so often the case, not very much of it makes any kind of sense.

A drubbing at Celtic Park on Saturday leaves Giovanni van Bronckhorst ’s side five points adrift of their rivals and wondering if the rampant champions are about to disappear completely out of sight – just three months after making it to a European final. And all this on the back of an anti-climactic end to the transfer window when the men in charge resisted any temptation to spend some of the cash which has been piling up inside the boardroom over these past 12 months.

They might argue they got their business done early this summer given that van Bronckhorst has seven new players in his squad. But only two of them were in the Dutchman’s starting 11 on Saturday and both were subbed off as Celtic’s turbo charged players went up through the gears from a lightning fast start into overdrive, with the Gers flops simply having no answer for it.

So with all this in mind, it’s pretty remarkable the embattled Ibrox hierarchy have taken such a hostile position where a potential new American investor is concerned. Kyle Fox has made a written pledge to pump £75million of cash into the vaults over a five-year period if she is successful in acquiring a 25 per cent stake in the club.

But rather than embrace this potential gift horse, Rangers have strangely chosen to sue her in a Miami court. This approach appears to be an inexplicable stance even if there is a natural sense of caution around would be investors given some of the chancers who have sauntered up and down the marble staircase over the past decade or so.

If there is a danger Miss Fox is promising more than she can deliver