The Sale Sharks owner Brian Kennedy and the associated Blue Knights confirmed yesterday they have submitted a revised bid for Rangers, with the American tycoon Bill Miller also in the running for a takeover.
The Scottish Premier League chief executive, Neil Doncaster, said: "Things are moving on with quite a pace at the moment. I am sure there will be further discussions going on. We have had discussions already with one of the bidder's teams and we will shortly be having discussions with the other bidder's teams as well."
The 12 top-flight clubs were due to discuss proposals that could result in tougher sanctions for clubs who go into administration or liquidation at yesterday's general meeting at Hampden. However, they unanimously agreed to adjourn on that item until 7 May.
Doncaster said the move for an adjournment had been brought by a club other than Rangers, but declined to reveal which. He said: "These aren't proposals just about one club, they are proposals that could affect all. So it's important they take the time and reflect."