Two Glasgow-based property businessmen have claimed they have an interest in the takeover of crisis-hit Rangers.
Stephen McKenna and Allan Stewart say they have been "involved" in the process at the Ibrox club for the last three months, but are not making an "immediate" bid.
Mr McKenna told STV: "[Launching a bid] is not the immediate case, it’s private just now."
Asked whether he and Mr Stewart are expecting to lodge an £11m bid for the newco club, Mr McKenna responded: "We are working on private information and we have been involved in the process throughout the last three months. I can’t say anything just now.
"When the time is right we will speak."
Mr McKenna and Mr Stewart were involved in Stewart and McKenna Ltd, a property development company which was wound up over a tax bill in 2010.
The pair are currently directors of Glasgow scaffolding firm Betaguard.
A spokesman for Rangers denied that Mr McKenna was involved in the Charles Green-led Sevco consortium that bought the club’s assets in a £5.5m newco deal last week.
More About Focus on Rangers
- Administrators cleared of Rangers conflict of interest allegations
- Ticketus in move to liquidate ex-Rangers owner Craig Whyte's company
- Rangers chairman Malcolm Murray to contest removal attempt
- Ex-Rangers owner Craig Whyte appeals Ticketus £17.7m court case
- Chairman Malcolm Murray 'loses vote of confidence' at Rangers
- Scottish FA take ex-Rangers owner Craig Whyte to court over fine
- QC appointed to oversee inquiry into Rangers and Craig Whyte links
- Rangers crisis: Walter Smith's consortium bid to buy club is rejected
- In full: Walter Smith statement on failed Rangers takeover bid
- Rangers crisis: Charles Green urged to sell club to Smith consortium
People who read this story also read
- Crane collapses killing one worker in Glasgow city centre
- Homeless man 'mugged then thrown into river to drown'
- New £20m supermarket to bring 400 jobs and 'reignite' Barrhead
- Arrest after guns and ammunition rounds recovered in police raid
- Wife of bomb suspect ‘sent husband text about paradise’ before death blast