US group Club 9 Sports say they will not be making a lone bid for control of Scottish Premier League side Rangers.
The administrators at the financially-troubled Ibrox outfit are expecting four or five bids for the team by the deadline of 5pm on Wednesday.
But Club 9 Sports say they were never planning to act on their own and will only be bidding as part of a consortium of representatives from the USA and the UK.
A statement from the group read: "We can confirm that representatives of Club 9 Sports have been involved with investigating, analysing and considering a potential purchase of Rangers Football Club plc on behalf of a group of interested parties from the USA and UK.
"However, at no time has Club 9 Sports itself offered a bid to acquire the club. Our role has been as a member of a proposed consortium.
"We can also confirm that we have not met with, spoken to or otherwise been associated with (majority owner) Craig Whyte in any way. Furthermore, Club 9 Sports will not be bidding for control of Rangers Football Club plc."
The US group also addressed the subject of liquidation, adding: "We understand that it has been strongly rumoured that our group planned to 'liquidate' the club.
"It should be made clear that any party that attempts to acquire the club, eliminate the debts, affect a turnaround, invest monies and put the club back on solid ground is in fact 'saving' the club from liquidation and preserving its past and its future."