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That's the rumour.

 

Yup heard it too, not as stupid a ploy as people may think though.

 

Rangers: Brian Kennedy makes 'improved offer' for club

 

Brian Kennedy says he has made an "improved offer" to take control of Rangers and is awaiting a response from the club's administrators.

 

The Sale Sharks owner held informal talks with Duff & Phelps on Wednesday.

Kennedy's initial offer was rejected and he indicated he would not return to the bidding process whilst Paul Murray's group remained in the frame.

 

However, Murray's Blue Knights have stepped back from the process as two other bids remain on the table .

These are from American Bill Miller and a Singapore group led by Bill Ng.

A German consortium was also linked with a bid but, like Kennedy, they were not invited to make a best and final offer by Duff & Phelps.

 

The Blue Knights, with Ticketus as a partner, had appeared to be front-runner to take the club over and they had hoped to be named as preferred bidder on Friday.

They were asked to provide a £500,000 non-refundable deposit for exclusivity and Murray told BBC Scotland that Ticketus was not prepared to provide this cash for the administrators.

And he added it had become clear Ticketus had agreed a "substantially" better deal with Ng's group of investors.

 

But Ng denied any such deal had been reached with the firm that financed Craig Whyte's takeover, but he remained hopeful that his bid would win.

Both Murray and Ng wish to attempt an exit administration by way of a company voluntary arrangement, while it is understood Miller's preference is for Rangers to emerge as a "newco" through liquidation.

 

Kennedy said on Tuesday he did "not want to distract the time-critical process of appointing preferred bidders".

But he added: "However, should this fall through with the effect of endangering the existence of RFC, I would reconsider my position."

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