Rangers were taken off the market on Tuesday night with fans now fearing that the club is simply not an attractive enough prospect for potential buyers. Owner Sir David Murray confirmed the Scottish champions are no longer for sale, eight months after Murray International Holdings revealed it was considering options regarding their controlling shareholding in the club.

The Rangers Supporters Trust believe a buy-out failed to materialise because Rangers - and Scottish football in general - is simply not regarded as a lucrative enough business proposition.

RST spokesman David Edgar said: "The longer the prospective takeover by Andrew Ellis had been mooted without anything coming to fruition, the less chance there was of it happening.

"I think that this is a reflection on Scottish football. Sadly, it's just not a very attractive pitch to investors anymore. There is no money, really, to be made from Rangers and there is no money to be made from Scottish football."