The takeover of Rangers has taken another twist with a counter-offer from a consortium headed by non-executive director Paul Murray.
Venture capitalist Craig Whyte has been on the verge of completing a deal to take the club out of the hands of majority shareholder Sir David Murray but a number of issues have forced the mooted takeover to stall.
Now, there is a new twist with Paul Murray and Dave King throwing in an offer of £25million for the Glasgow outfit after it was revealed that Whyte may walk away because he thought the deal would be finalised on Monday.
Whyte does not want to be involved in a hostile takeover and is reportedly angry at claims that he was trying to get the club on the cheap.
A source told The Scotsman that was not the case: "He always said that £5m would go into the club right from the start but that if a case could be made for a bigger investment then he would consider it. £10m will go into Rangers bank account on the first day as working capital.
"Any contrary suggestion about funding is not only untrue but also defamatory.
"Right from the start Craig Whyte has stated that this is not a vanity project but a commercial venture and in order to make that success he knows it is important that there is investment in the football club.
"The deal Craig Whyte is putting forward is worth £52.5m, more than double the amount apparently to be raised by this unnamed Rangers director. Craig Whyte's investment in the club would begin on day one of a deal being completed and it would mean that not only would there be money to invest in the playing squad but the debt owed to LBG (Lloyds Banking Group) would be repaid immediately, which has been one of the key demands of the entire deal."
It is not quite clear if he will remain in the running or simply walk away and let others deal with it but at least from a 'Gers fans point of view, there are others interested in making a deal happen.