GRAEME Souness was involved in Brian Kennedy's failed second attempt to buy into Rangers three weeks ago.

The former Ibrox manager - who revealed his withering contempt for former chief executive Charles Green - spent a week with Kennedy in Majorca as the Sale Sharks owner finalised his offer of £3million on condition of gaining representation on the board.

That offer was turned down by the Rangers directors who, instead, accepted a £2m loan from Mike Ashley - which was extended to £3m this morning after the club revealed that its financial crisis had been exacerbated by falling attendances.

Rangers have also entered into a marketing agreement with Ashley's Sports Direct firm, with the tycoon having given up the naming rights to Ibrox.

Souness had previously been involved in Kennedy's unsuccessful attempt to buy Rangers soon after it plunged into administration in 2012, before Green's Sevco consortium took control.

But his involvement in the recent attempt was unknown until he revealed it himself yesterday. Kennedy is reportedly worth around £250m and has invested more than £20m in Sale Sharks since 2000.

"I had a week with Brian in Majorca three weeks ago," said Souness. "But if it's not to be it's not to be. Did Rangers miss a trick not accepting his offer? They certainly did the first time around. I don't know how Brian feels right now, but I think his attitude to it has changed now the other folk are involved.

"If it had happened the first time around it would have the right people running it for the right reasons. That would have been Walter [Smith] and I and the right person as the owner. All of us there for the right reasons."

Souness was visibly angry as he recalled Green coming to his house, uninvited, in an attempt to enlist his support for his consortium. "What is it? Two years since that p**** had it?

"The guy who knocked on my door one night asking me if I would get involved in it with him. Charles Green. Late one night about 11 o'clock. My answer was no."