The Sale Sharks owner confirmed reports that he had submitted a written offer - £5.6 million ($8.4 million) for a 51% stake - and claimed he had held meetings with representatives of Sevco Scotland shareholders.
Green insisted he had not received an offer, that his Sevco consortium was not interested in selling a majority stake and said he was unaware of any official representative holding a meeting.
Kennedy issued another statement as the row overshadowed ongoing attempts to secure SFA membership amid discussions involving the governing body,
Green said: "Many people had the opportunity to purchase the club prior to our consortium but failed to do so, including Mr Kennedy.
"Talk of yet more bids is a distraction from the very real task of securing SFA membership and rebuilding the club for the future.
"That is our sole focus and should be the priority for everyone with
Kennedy was involved in two failed bids for
He released a statement on Monday night, his second of the day, which read: "This evening my lawyers have submitted to the offices of
"However, this offer will remain on the table for an open-ended period of time.
"I fully respect it is the legal prerogative of the controlling investors to accept or reject any offers for the shares, but I remain ready, willing and able to support the long-term interests of
Doubts remain over the ability of Sevco to fund the club in the short term after it was consigned to the Third Division, subject to SFA membership.
Sevco has rejected at least two bids for the club - one of around £6 million ($9.04 million) from a
Talks over issues surrounding television rights and possible sanctions, which include a delayed 12 month transfer ban from the SFA, have lasted more than a week.
A deadline for bids for the rights to show SFL games expired Monday night with the SPL hoping to secure the rights in order to increase its prospects of retaining its deals with Sky and ESPN.
But the match depends on the transfer of
Wellington Phoenix's recruitment under coach Ernie Merrick began with the signing of 22-year-old former Perth Glory goalkeeper Lewis Italiano.