Singapore businessman Bill Ng withdraws Rangers bid

Ibrox
© PA Photos
Singapore businessman Bill Ng withdraws his consortium bid for Glasgow-based outfit Rangers after becoming "frustrated" with the administrators.

A consortium led by Singapore businessman Bill Ng has withdrawn its bid to take control of stricken Scottish outfit Rangers.

The group have claimed that they have been "frustrated" with the administration process carried out by London firm Duff & Phelps, which has prompted the consortium to declare themselves out of the running to become the club's new owners.

Ng released a statement claiming that "unwarranted and unexplained delays" have been behind the group's decision to back out of the process, despite the consortium being dubbed the favourites to complete a takeover.

While the businessman revealed his "regret" in having to make the decision, Ng has stated that the group may return with another offer if the administrators refuse to accept any other bids currently on the table.

The Singapore group are believed to have been responsible for one of two offers remaining for the former SPL champions.

You May Like
Recomended from Sports Mole



Tables
TeamPWDLFAGDPTS
1Celtic33007169
2St Johnstone33007259
3Aberdeen33006249
4Hamilton AcademicalHamilton32016336
5Hibernian32017616
6RangersRangers31114404
7Hearts311124-24
8Motherwell310246-23
9Ross County310235-23
10Kilmarnock300315-40
11Partick Thistle300315-40
12Dundee300327-50
LIVE SCORES VIDEPRINTER
expand