Bill Ng's consortium is considered in pole position to be named as the preferred bidder after a consortium fronted by former Rangers director Paul Murray stepped aside late Monday.
However, hardball tactics employed by investment firm Ticketus - which helped finance current owner Craig Whyte's takeover last year - have drawn out talks, according to Singapore's The New Paper.
"Yes, I am frustrated with Ticketus because it keeps increasing its demands from £10 million (S$20 million) to £12 million, then £17.5 million, but I don't blame it," Ng was quoted as saying.
"I understand that as the main creditor, it wants as much as it can get.
"What I am most displeased and disappointed about is how the administrators - Duff and Phelps - can allow the goalposts to keep moving when they are supposed to be like the referee and be firm during discussions," he added.
"But they have been weak so far. Even if I agree to Ticketus' price, there is no guarantee we will land 85 percent of Craig Whyte's shares."
Ng's bid is the second time investors from wealthy Singapore have tried to buy a British club. In 2010, Singapore billionaire and well-known Manchester United fan Peter Lim made an unsuccessful £320 million offer for Liverpool.
ORIGINAL SOURCE
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