A consortium led by Singaporean businessman Bill Ng has withdrawn its bid to take over crisis-hit Rangers.
The group is understood to have pulled out of the running citing the drawn-out bidding process overseen by administrators.
In a statement published by the BBC on Friday, Mr Ng said the consortium had become "increasingly frustrated" with the process, as Duff and Phelps have still not named a preferred bidder for the club.
The BBC reported the group had pulled out of the running with "great regret". Mr Ng had claimed his consortium would pursue a company voluntary agreement (CVA) route out of administration. Full story
