Singapore tycoon Bill Ng back in Rangers hunt

Singapore tycoon Bill Ng has renewed his bid for Glasgow Rangers at just half the price he originally offered after a "crazy" twist to the ownership saga, reports said on Thursday.

Ng, who has supported the bankrupt Scottish club since boyhood, withdrew his 20 million pounds (S$40 million) offer last month in frustration at the bidding process.

But the Hougang United chairman is now back in the race after the preferred bidder, US tow-truck magnate Bill Miller, pulled out over concerns about the club's financial position and anti-American vitriol from fans.

"It is really crazy," Ng told Singapore's Today newspaper. "There were something like 20 missed calls from Scotland on my phone when I woke up.

"I am now told they are willing to accept 50 per cent of what I had initially offered. It seems they are now more receptive and no longer digging in their heels with unrealistic demands."

ORIGINAL SOURCE: http://www.asiaone.com/News/Latest+News/Sports/Story/A1Story20120510-345018.html
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