Rangers have today rejected an £18m from American Robert Sarver, according to BBC Sport.
Sarver is the owner of baseball team Phoenix Suns and has now been to invited to invest in the club alongside other shareholders.
The club stated that: "While the directors welcome Mr Sarver's approach, they believe that, notwithstanding the current financial difficulties, the proposal does not adequately value a controlling interest in the company."
The news of Rangers' takeover rejection comes a day after the football board chairman Sandy Easdale loaned the Ibrox side £500,000 to stop the fallen giant winding up in court again.
Sarver, who also owns a women's basketball team in the US, stated he wants to
take Rangers back to the top of the Scottish game on a "stable and sustainable basis."
Understandably, fans of the club that were challenging Celtic for the Scottish Premiership title not that long ago are upset. Now, rather than worrying about winning the Old Firm derby, they worry about whether their club will survive.
Rangers were already thrown out of the SPL and forced to start again in the third division of the football league. Nobody knows what lies in the future for Rangers, but it appears that £18 million isn't quite enough to be the person to try and secure it.
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