Brian Kennedy will not submit a bid for Rangers by the administrators' deadline of 5pm on Wednesday - but will come in at a later date if he believes the Scottish champions are in danger of being liquidated.
Administrators Duff and Phelps claim to be expecting four or five final offers for the Ibrox club by close of play. The Edinburgh-born Sale Sharks owner, who has had one bid rejected for being too low, will not go head-to-head with Paul Murray's Blue Knights consortium but is so fearful of Rangers being liquidated, that he will offer the administrators an alternative.
Kennedy told Press Association Sport: "I will not compete against the Blue Knights. But if the Blue Knights bid is rejected, and the bid accepted is going down the route of liquidation, I have left it open to the administrators to approach me to ask for an alternative bid."
He added: "If I was them (administrators) and they didn't choose the Blue Knights then I would think it would be sensible to contact me and see if my alternative bid is more acceptable.
"I am a reluctant bidder but I am much more reluctant to see Glasgow Rangers go into liquidation.
"People have asked me about teaming up with Blue Knights but by remaining independent, we could cover more bases."
Source: PA
