RangersRangers administrator Paul Clark last night told the Blue Knights they have until Monday to make a decisive move to buy the club – or they will proceed with Bill Miller's "newco" proposal.

American businessman Miller yesterday unveiled plans for a €13.5 million offer, explaining that he would form an “incubator” company to buy Rangers’ assets and the existing club would exit administration through a Company Voluntary Arrangement at a later date.

Miller claimed the plan would preserve Rangers’ history as the two companies would eventually merge. However, the towing tycoon left the door open for rivals by suspending his bid until Monday and Paul Murray’s Blue Knights consortium held further discussions with the administrators.