An out-of-court settlement has been agreed between Rangers and their former commercial director, Imran Ahmad.
The Scottish club has confirmed that within the next few days, the matter will be officially taken out of court.
Ahmad sued the club for breach of contract, and won the right to arrest £620,000 from the club’s bank account.
He had claimed that he was owed £500,000 in unpaid bonuses from Rangers.
“Rangers have agreed formal terms of settlement with former commercial director Imran Ahmad regarding his current court action,” a statement read.
“The sum agreed is significantly less than the total amount which Mr Ahmad had been granted permission to arrest.”
“As part of the settlement terms Mr Ahmad has agreed to refrain from arresting funds in Rangers’ bank account or in the hands of others pending the formal removal of the case from court.”
“No such arrestment will now take place. The case will be formally taken out of court in the next few days.”