Earlier Kennedy told BBC Scotland that his bid for Rangers would come off the table at midday today if it was not accepted by Duff & Phelps.
According to breaking reports, the administrators have knocked back the Blue Knights & Kennedy’s bid worth in the region of £8 million.
More to follow….
Andy Muirhead is the Editor of Scotzine and the Scottish Football fanzine FITBA. He is the Scottish Football columnist for The Morning Star and has written for a number of other publications including ESPN, Huffington Post UK, BT Life's a Pitch and has had his work featured in the Daily Record, The Scotsman and the Daily Mail.
