Rangers owner Charles Green has dismissed claims from Brian Kennedy that the Sale Sharks chairman has made an offer to the Scottish club.
Earlier today Kennedy insisted that he had submitted a written offer to Green and was waiting for reply.
However, Green has released a statement which has contradicted Kennedy's revelation.
"For the avoidance of doubt, the owners and board of the club are not interested in selling a majority stake in Rangers to anyone," read the statement. "I have said many times we are happy to talk to potential investors who wish to join the consortium on the basis that no single investor will have a majority shareholding and they support our commitment to a share issue for fans.
"We have checked with all the official representatives of shareholders and none of them have had meetings with Brian Kennedy so we have no idea who the gentleman is he is referring to.
"He has not contacted any board members on this matter and we have never received any written offer from him.
"Many people had the opportunity to purchase the club prior to our consortium but failed to do so, including Mr Kennedy. Talk of yet more bids is a distraction from the very real task of securing SFA membership and rebuilding the club for the future.
"That is our sole focus and should be the priority for everyone with Rangers' best interests at heart."
Kennedy failed in a bid to take control of the Gers earlier this year.