A judge is ruling on whether Rangers chairman Dave King is in contempt of court over his dealings with Sports Direct owner Mike Ashley.
In the latest chapter of a bitter dispute that has embroiled the Ibrox club, Mr Justice Peter Smith will decide on Friday whether Mr King committed contempt by breaching a gagging order.
Mr Ashley, the owner of Newcastle United, has already failed in his bid to persuade the judge that Mr King should be jailed over the issue.
But if the judge finds there has been a contempt, Mr King could still face a fine or penalties other than prison.
Mr Ashley and his sportswear company say Mr King is in contempt because he gave a media interview revealing the existence of a meeting and discussions related to contracts between Sports Direct and Rangers.
Mr King stated that he had no recollection of whether or not he said the words complained of in a Sky Sports interview.
Lawyers for Mr Ashley argued the court was entitled to draw inferences against Mr King to the criminal standard required for an individual to be jailed for contempt.
The judge replied: “I am not going to send a person to prison on an inference.”
The King-Ashley clash has turned into a legal game of two halves: A further hearing is pending over Mr Ashley’s claims that Mr King has breached a confidential agreement.
The London legal battles, estimated to have cost some £400,000 so far, are the latest development in a conflict which started when Mr King took over running Rangers and centres on the commercial arrangements between the club and Sports Direct and its subsidiaries.