When It Happens Panel Get involved: send your photos, videos, news & views by texting 'OXFORD NEWS' to 80360 or email
Murray and fans join with Ticketus
Former director Paul Murray has confirmed that his Blue Knights consortium are finalising an offer for Rangers in partnership with supporters groups and Ticketus.
The London-based financial firm emerged as a surprise backer for the consortium, who are one of several interested parties holding talks with the club's administrators Duff and Phelps.
Ticketus also had a key role to play in current owner Craig Whyte's takeover of the Scottish champions last May.
A statement issued on behalf of the company confirmed: "The "Blue Knights", led by Paul Murray, today confirm that they are finalising an offer for Rangers Football Club in partnership with fans' representatives (from the Rangers Supporters Assembly, the Rangers Supporters Association and the Rangers Supporters Trust) and Ticketus."
The consortium are aiming for a situation whereby Rangers can emerge from administration via a Company Voluntary Arrangement (CVA) rather than see the club face the prospect of liquidation.
Administrators have already confirmed there is no realistic chance of European football next season because the club's finances would have to be in order by March 31 to gain a UEFA licence.
The Blue Knights want to avoid further exile from continental competition and are also determined to preserve the club's 140-year history - both of which mean avoiding liquidation.
The statement continued: "The members of the consortium are united in their belief that a collaborative approach is essential in securing the club's future through a CVA, thereby achieving a fair and fast resolution that will put the club on a secure financial footing.
"Through a CVA rather than liquidation, the club will benefit from being able to qualify for future European competition and access the significant revenues associated with this. Preserving this revenue stream, and the club's 140-year-old legacy, is paramount and in the best interests of all parties."
Murray said: "I believe that the Blue Knights, working in collaboration with the fans and Ticketus, are able to deliver an attractive solution that will see the club emerge from administration with a clear plan for the future that will bring the financial stability that the club needs. We firmly believe that a CVA is the best way forward and we are working hard to offer a solution that will enable this to happen."