The advance notice lasts for 35 days and prevents anyone outside the parties involved from submitting a deed over the property.
If there is no follow up deed within the said 35 days, the advance notice automatically falls and they would have to apply again.
In this case Sports Direct and the board have submitted an advance notice over Ibrox, Auchenhowie, Edmiston House and Albion Car Park with the view to submitting a security over these properties.