Charles Green, who could complete his takeover of Rangers' assets on Thursday, says he wants Ally McCoist to stay on as manager.
Reports suggest McCoist has no intention of quitting his post, but a strained relationship with Green is said to have put his position under threat.
Green, who arrived at Ibrox on Thursday to hear that a Company Voluntary Arrangement (CVA) proposal had been formally rejected at a meeting of creditors, has sought to clear the air regarding the managerial post at the Old Firm giants.
He told Sky Sports News on his way into the stadium that he '100%' wanted McCoist to stay.
"We want Ally McCoist and all the players to remain with the club," he said.
The Rangers playing staffs are free to depart under employment law.
After confirming the CVA had been rejected, following a 10 minute meeting, joint administrator Paul Clark faced anger from about 150 shareholders who have lost their stake in the football club.
Clark, who admitted on Tuesday that Green had not lodged the full £5.5million newco sale price with Duff and Phelps, said: "We had a dual strategy in relation to Charles Green's offer.
"In the event the CVA was rejected we would proceed with sale of business and assets.
"That has not yet been concluded but we do have agreed documents and funds from Mr Green.
"It is our intention to complete that sale at the earliest opportunity, and probably during the course of the afternoon."
The CVA was doomed to failure after Her Majesty's Revenue and Customs informed Duff and Phelps on Monday that they would vote against the proposal, thus ensuring it did not receive the 75% backing required to move the club out of administration.
Rangers Football Club will now move towards liquidation while Green's newco club, The Rangers FC, bids to secure entry to the Scottish Premier League.
Duff and Phelps said they would remain as administrators for between six to 10 weeks before liquidators from another firm, BDO, are appointed to wind up the 140-year-old club.
Unsecured creditors are owed a confirmed £55million and the vast majority of Green's payment will go to administrators Duff and Phelps and on legal costs, although liquidators will pursue other avenues to recover cash.
Green previously promised to name more of the investors in his Sevco consortium after the CVA meeting having so far confirmed only two - a Malaysian hotelier and Middle Eastern lawyer.
The administrators later released a statement confirming the rejection of the CVA and 'imminent' newco deal.
Clark said: "The decision of the creditors' meeting has been a major disappointment for Rangers supporters and this was not our preferred outcome as administrators.
"However, we should make it clear that Rangers Football Club will continue within a new company structure and the club survives and will continue playing football at Ibrox."