Rangers’ administrators expect to know today whether a deal can be done to safeguard the future of thebeleaguered club by the end of this week.

Rangers administrators remain hopeful of completing a sale of the club before the end of the season despite American businessman Bill Miller withdrawing his offer.

American businessman Bill Miller has withdrawn his bid for Rangers.

Rangers administrator David Whitehouse is anticipating an improved offer from the Blue Knights after telling the consortium their package is unlikely to satisfy the club’s creditors.

Rangers‘ administrators have requested an immediate expedited appeals process over the sanctions imposed on the club by the Scottish Football Association’s judicial panel last night.

Ticketus remain happy to work with Paul Murray despite the former Rangers director announcing his Blue Knights consortium were taking a step back from the race to buy the club.

Rangers’ administrators Duff and Phelps will give further consideration to three of the four bids submitted for the club yesterday.

Rangers’ administrators signalled there could be five bids for the club 24 hours ahead of this evening’s deadline – but confusion subsequently surrounded the intentions of one of the frontrunners.

Rangers’ administrators are anticipating up to five bids for the club before tomorrow’s deadline for final offers.

Rangers‘ administrators have asked three bidders to submit “best and final offers” for the club by Wednesday, April 4.

The focus on Rangers will today switch from the search for a new owner for the club to its fight with the Scottish Football Association’s judiciary panel at Hampden.

Administrators will deliver “significant” redundancies among the Rangers playing squad tomorrow if there is insufficient progress in talks over wage cuts and a quick sale.

It is understood that administrators postponed planned meetings with some Rangers players' agents yesterday despite being close to a wage agreement the previous night.

The formation of a new Rangers is emerging as an increasingly likely scenario as administrators accelerate sale attempts after raising fears over their ability to finish the season.

Administrators last night warned Rangers would not finish the season unless they secured a quick sale or implemented “very severe” cost-cutting measures.

Rangers' administrators Duff and Phelps are seeking a swift sale of the club after failing to agree cost-cutting measures with the playing staff, it was announced today.

Rangers players face another anxious night without clarity on their futures after failing to reach agreement with administrators over wage cuts.

Rangers’ administrators have expressed concerns about the running of the club since Craig Whyte’s takeover in May last year.

Rangers’ administrators have told fans they can be reassured that the Scottish champions will continue as a football club and the continuing function of the Ibrox club was their “first priority”.

One of the administrators appointed by Rangers claims the process can clear the financial uncertainty that has dogged the club in recent years.

A suspected burglar was caught by police in the UK when he fell down a well.

ACTOR Chris Langham was in tears in the witness box on yesterday as he denied being a paedophile after child pornography was found on his computer.