Sale Sharks owner Brian Kennedy has confirmed that he has made an offer to buy crisis club Rangers.
Kennedy, who was part of the Blue Knights consortium, is reportedly aiming to take a £5.6m controlling interest in Charles Green's Sevco.
In a statement, Kennedy said that the written offer he submitted has been disclosed from within the club.
The statement read: "Now that this has leaked I have I have no alternative but to confirm that what is reported in the Daily Record regarding such matters is accurate.
"I have no further comment to make at this time."
The Glasgow club are still seeking membership of the Scottish Football Association in order to play in the fourth tier of Scottish football next season.
