Sports Direct supremo Mike Ashley's bid to have Dave King thrown in jail is to take place just 16 days before Christmas.
Mr Ashley, also the owner of Newcastle United has gone to court accusing King of breaching a gagging order forced on the Ibrox chief.
It has now emerged the contempt charge for allegedly breaching a Sports Direct gagging order has been set for December 9 at London’s High Court.
If convicted, a sentence of 30 days in prison could be handed down by the judge.
The issue surrounds Mr King for discussing his relationship with Sports Direct during an interview in July.
Mr Ashley's gagging order stopping Rangers from blowing the lid off controversial details of contracts with his retail chain went UK wide in June.
An interdict was applied for by Sports Direct at private hearing at the Court of Session in Edinburgh running parallel to an injunction secured in the High Court in London over concerns about confidentiality breaches at a general meeting of shareholders at Ibrox.
The interdict was not granted as Rangers undertook to abide by the terms of an earlier injunction against Rangers at the High Court in London to prevent secret information being revealed at the meeting called by Mr Ashley's Mash Holdings.
Lawyers for Mr Ashley's company argued at the High Court in London that some information had already been leaked to the press.
Sports Direct were concerned that confidential information relating controversial joint venture retail deal between Sports Direct and Rangers, and other links between the businesses, would be divulged at today's Ibrox meeting.
Rangers' lawyers said there was no evidence as to the actual source of any leaks and said the injunction was unnecessary as there was no indication from the club directors of any intention to breach undertakings of confidentiality.
It was confirmed an agreement was reached between Rangers and Sports Direct at the Court of Session hearing presided over by Lord Stewart.
The legal move came after Mr Ashley forced an extraordinary general meeting to force Rangers to pay back a £5 million emergency loan given to the club in January.
Rangers responded in a statement by threatening to disclose certain details of the joint venture deal, including a breakdown of the income to the club.
But the Rangers International Football Club plc board, also noted that directors would have to be "mindful" of confidentiality provisions that Mike Ashley's Mash Holdings sought to enforce.
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