Rangers are facing up to another crisis after fans threatened a total boycott of matches and merchandise.
It comes after more than 10,600 supporters signed up to an online petition in less than 24 hours.
Protest group the Sons of Struth launched the “not a penny more” campaign on social media on Tuesday night.
The group is demanding that the current regime at Ibrox agrees a deal with a consortium of wealthy supporters who are offering millions to bail the club out of its current financial crisis.
Until then fans have pledged to keep their money in their pockets.
Rangers have assured the Scottish Professional Football League that they are not in danger of administration despite their current financial plight.
Ibrox chief executive Derek Llambias was called to a meeting at Hampden on Tuesday to clarify the situation.
The meeting followed news of a late tax bill and the club revealing they need more cash before the end of the month.
It also came as Rangers rejected American Robert Sarver’s £18m buy-out offer.
The banker was hoping to take over the club but Rangers International Football Club insisted his bid undervalued the Championship outfit.
On Monday, Rangers’ football chairman Sandy Easdale loaned the club £500,000 to avoid a winding up order.
Petition campaign leader Craig Houston believes the support from fans highlights the anger and disillusionment on the terraces.
“There has been a phenomenal reaction to this campaign which shows that huge sections of the Rangers support have now reached the end of the line where this board is concerned,” he told the Daily Record.
“Around 8000 signed up for our last campaign - to protect Ibrox Stadium - but that was over a couple of weeks. To have more than 10,000 names on this petition after 20 hours is an indication of the strength of feeling against the current regime.
“No Rangers supporter wants to be placed in this position but there is a realisation now that enough is enough. When Lewis Macleod is sold one week and the money from his transfer is borrowed against the next, then it brings the state of our club into sharp focus.
“Thousands of Rangers fans now feel the same way as myself. We realise that this board is acting in its own best interests rather than those of the club.
“For that reason, we will not hand over another penny to the club until the board accepts the funding which is on offer from external investors.”
Houston added: “The longer we ignore this, and allow them (the board) to stay in place, the more damage these men will do from the inside. We simply cannot allow it to continue a moment longer.”