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.
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