McCoist wants takeover solution

Ally McCoist: Believes delays in the Rangers bidding process are hampering his plans for next season

Rangers boss Ally McCoist has urged the club's administrators to name a preferred bidder as soon as possible in order to end the uncertainty surrounding the club.

In an increasingly protracted takeover saga, former Rangers director Paul Murray's Blue Knights consortium took a step back from negotiations on Monday evening.

Administrators Duff and Phelps were set to name them as preferred bidders on Friday, but Monday's developments mean the announcement has now been pushed to next week.

A Singapore consortium led by businessman Bill Ng and an American group led by Bill Miller remain in the running to rescue the stricken SPL giants.

Ibrox manager McCoist has called for a swift end to the saga, insisting that any delays could further hamper his planning for next season.

"There obviously have been developments and it looks like the preferred bidder status has moved away from the Blue Knights and perhaps headed to either the American bid or the Singaporean bid," he told the club's official website.

"I won't lie to you. I'm really concerned and really worried because we have a lot of planning to do."
Ally McCoist Quotes of the week

Right direction

"Obviously, like all Rangers fans, I think the sooner the preferred bidder status is announced would be a big, big step in the right direction.

"The uncertainty and the lack of clarity about the future is obviously really concerning and worrying for everyone, be that players, staff or fans.

"I can totally understand everybody's concern and that's why I'm hopeful that it will be sooner rather than later.

"I won't lie to you. I'm really concerned and really worried because we have a lot of planning to do.

"We have pre-season games and hopefully we'll try to arrange pre-season tours. All these things and players coming and going makes it concerning."