Bill Ng withdraws Rangers bid

Singapore businessman Bill Ng has withdrawn his bid to buy Rangers saying that the bidding process had become "untenable."

Ng was one of many linked with a bid to buy the club, along with the likes of Sale Sharks owner Brian Kennedy, Paul Murray's Blue Knights and American Bill Miller. But he has now pulled out, citing "serious concerns" over shares as well as other problems over the bidding process, adding he did so with "deep regret." In a statement outlining his reasons, Ng said: "Recent developments in the bidding process, with unwarranted and unexplained delays, have prompted our withdrawal from the process." Rangers have been in administration since February 14, with administrators Duff & Phelpsin in charge of running the Scottish Premier League club and they have yet to name a preferred bidder.