"Karl hasn't accepted the offer we made to him at the end of 2005. We confirmed the offer again in the last month, but Karl has decided his future lies elsewhere. We have received interest from other clubs, including two offers, but neither matches our valuation of the player.
"We do have some security because of his age and certainly won't be letting him go for nothing."
One assumes Rangers and Yeovil are the two clubs involved.
This has been running for over a month now.