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Is former boss Walter Smith about to mount rescue bid for Rangers?

Football News 24/7
According to the Daily Record former Rangers boss Walter Smith is being lined up to head a rescue package for the crisis-hit club. He has been approached by “interested parties” who believe only he can unite the fans. They insist Smith is the key to their plan to drag the club out of administration and restore some pride at Ibrox.

Last night, Rangers’ administrators said three new bidders had come forward with offers to buy the stricken club – and two of them would be popular with fans.

Duff & Phelps said of the four bidders now hoping to buy Rangers, two had the club’s interests at heart and are well known in Scottish football.

They refused to name the two but said more details will emerge in the coming days.

Rumours that multi-millionaire Scot Jim McColl was involved seem unlikely – and former Rangers boss Graeme Souness has denied that he is part of a new consortium.

Meanwhile, fans will be kept in limbo over tickets as attempts continue to thrash out a deal.

Duff & Phelps confirmed they would not be giving supporters the chance to renew season tickets until a clearer financial picture emerges.

And they revealed the taxman would be running the rule over the three new bidders who emerged following US tycoon Bill Miller’s withdrawal.

Hopes of an end to the sorry saga rose last night with reports that Craig Whyte had agreed a deal to relinquish his hold on the club.

But the troubled waters around Ibrox were then further muddied with news the former owner was about to be sued for £27million by Ticketus.

Duff & Phelps tried to remain upbeat last night – but their words will be cold comfort to the worried Ibrox loyal.

The firm’s Sarah Bell said: “Some fans may wonder why three bidders have suddenly emerged but they had been studying the situation.

“Without going into exact figures we are satisfied that all three parties have the wherewithal to complete a deal.

“We have also taken the decision not to send out renewals for season tickets so that any party coming in to take over the club would have that funding.”

It’s not clear what effect any Ticketus legal action will have on the progress of Rangers’ ownership.

But Duff & Phelps said they expected to know today whether a deal could be done by the end of this week.

Co-administrator David Whitehouse remained optimistic of progress before Rangers play their final match of the season at St Johnstone on Sunday.

KN

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