17 Mar 2012

Two bids for stricken Scottish giants Rangers

2:05 pm on 17 March 2012

Former Rangers director Paul Murray and the owner of the Sale Sharks rugby union team Brian Kennedy have issued takeover proposals for the stricken Scottish football giants.

Murray's 'Blue Knights' group revealed they had lodged a formal bid in a statement released by financial backers Ticketus, while Kennedy's bid was confirmed by Sale.

Administrators Duff and Phelps also revealed that more bids could be on the way amid "worldwide interest".

Media reports claimed an American consortium had also submitted a bid for the Ibrox club.