Johnston, directors John McClelland, Martin Bain and Donald McIntyre and former Ibrox captain John Greig formed a committee to consider bids.

BBC: Murray announces Rangers no longer for sale

Twelve players have been offered new deals including Carl Regan, John Miles, Alan Navarro, Kevin McIntyre, Jon Brain, Izak Reid and Jimmy McNulty.

BBC: SPORT | Football | My Club | Macclesfield Town | Ince rings changes at Moss Rose

Liz McIntyre from Borders College and Alan Sherry from John Wheatley College during the second evidence session of the committee.

BBC: Education and Lifelong Learning Committee 2

White House Correspondents John King and Eileen O'Connor, Correspondents Christiane Amanpour, Richard Roth, Jamie McIntyre and Reuters contributed to this report.

CNN: Clinton