The saga surrounding the takeover of Rangers appeared to move one step closer to conclusion last night when the Blue Knights announced they were taking a step back from the process, leaving a Singapore-based consortium led by Bill Ng set to be named as the preferred bidder today.

A decision on changes to the Scottish Premier League voting structure has been delayed until April 30.

Administrator Clark said proposed changes were 'disruptive and regrettable'

Rangers administrators Duff and Phelps have been forced to delay the announcement of a preferred bidder for the Ibrox club due to proposed changes to Scottish Premier League rules.

The Blue Knights consortium and Ticketus have confirmed they have submitted a "best and final bid" for Rangers ahead of today's deadline.

Rangers majority shareholder Craig Whyte has spoken to several of the parties interested in buying the club, including members of the Blue Knights, as he insisted he remained relevant to the sale process.

Port Vale's administrator has said that local businessmen are interested in buying the club.

Scottish Football Association chief executive Stewart Regan has described the prospect of Rangers going into liquidation as “a disaster”.

Former Rangers director Paul Murray believes the club can be saved from liquidation despite fears to the contrary by Dave King.

As Republican primary voters go to the polls in Michigan today, the US President Barack Obama will be trumpeting the renaissance of the state's auto industry, born of a taxpayer bailout in the depths of the recession which both current Republican front-runners say should never have been approved.

Grant Thornton fights to unfreeze $110m of Texan's London operation

Crystal Palace will have covered some distance if they protect their advantage in the Carling Cup semi-final tonight; from administration to Wembley within two years. Between those two markers they avoided relegation from the Championship on the final day of the season and were saved from extinction by the CPFC 2010 consortium.

Almost 130 jobs are to be lost in the UK after French ferry operator SeaFrance went into liquidation today.

Five years after Christmas hamper firm Farepak collapsed, leaving around 120,000 customers nearly £40 million out of pocket, the fees dealing with the administration have exceeded any potential compensation for its victims.