Posted on Apr 17
The action, which some reports suggested could be in the region of £25 million ($40m), came as the administrators appeared to be closing in on a new owner for the club, with the possibility Rangers could be in new hands by the end of this week.
With the Blue Knights group of former Rangers director Paul Murray appearing to back out of the race on Monday, there is now a two-horse race for control of 140-year-old Rangers, with American businessman Bill Miller and Bill Ng's Singapore-based consortium still vying for control at Ibrox.
Joint-administrator Paul Clark said in a statement on Tuesday: "We would like to inform all Rangers supporters that today discussions have been held between members of the administration team and the two remaining bidders in the sale process.
"A number of issues have been examined and we have made it clear to all those involved in the bidding that it is of paramount interest to the football club that a satisfactory deal be concluded without any further delay.
"It is our intention to announce a preferred bidder this week and we can assure all supporters of the club that we are doing everything in our power to make that happen."
He added: "We can also confirm that we have instigated legal proceedings against Collyer Bristow, the former lawyers of the club, and The Rangers FC Group Limited in the High Court in London for substantial damages suffered by Rangers Football Club."
Last month, a High Court judge instructed £3.6m once held in the account of Collyer Bristow be transferred into the safe-keeping of the administrators' lawyers, Taylor Wessing, with several parties claiming the money belonged to them.
Parties with claims against Collyer Bristow were informed they should bring those claims by April 16.
Clark said at the time that his firm, Duff and Phelps, had "substantially larger claims against Collyer Bristow", which they wished to bring as soon as possible.
Administrators were called in to Rangers on February 14 after British tax authorities went to court to seek payment of an unpaid bill of £9m built up since Whyte took charge at Ibrox in May.
That meant Rangers were docked 10 points -- a move that effectively handed this season's Scottish Premier League title to arch Glasgow rivals Celtic, who were crowned champions just over a week ago.
However, the administrators released a report earlier this month saying Rangers' total debt could amount to £134m, with the club awaiting the outcome of a tax tribunal case that could cost them £75 m.