The head of the Blue Knights consortium, Paul Murray, fears all roads are leading to Rangers FC going into liquidation.

As the five bidders finalise their plans to take over the club by close of business today, Murray suggests that if American group Club 9 Sports, who have said they acting on behalf of a larger consortium, win the rights then the club will be liquidated and reformed - something he is desperately trying to stop.

"Since the weekend the administrator (Paul Clark from Duff & Phelps) has almost been preparing the field to come to the conclusion of liquidation," he told SunSport.

"I really don't know why that is. Maybe he sees Club 9 as being the preferred bidder.

"I think that liquidation is their preference so maybe that's what he's doing, I don't know.

"I just find it pretty worrying that since the weekend the whole tone of the thing has moved towards liquidation.

"From our point of view all we can do is put our best foot forward. The reason I have spent so much time on agreeing a deal with Ticketus is that I firmly believe a CVA (company voluntary arrangement) is the best outcome for the club and that liquidation is a really, really difficult thing for the club.

"I for one would not like to see that and I'll be trying my best to stop that.

"Ultimately, though, it's simply not my decision."

However, a statement from Club 9 revealed that any group who did purchase the majority shareholding from owner Craig Whyte will not be looking to liquidate the club.

"We understand that it has been strongly rumoured that our group planned to 'liquidate' the club," the statement read.

"It should be made clear that any party that attempts to acquire the club, eliminate the debts, affect a turnaround, invest monies and put the club back on solid ground is in fact 'saving' the club from liquidation and preserving its past and its future."

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