Tuesday, 26 April 2011

Rangers Takeover Nearly Complete?

Craig Whyte is back in pole position to complete a takeover of Rangers.

The independent committee of the Rangers board are close to sanctioning a sale, with Whyte's bid considered to be the best for the club.

The Scottish tycoon appeared to be on the verge of seizing control at Ibrox last week after agreeing a deal with majority shareholder Sir David Murray and main creditor Lloyds Banking Group.

That deal had been in the pipeline since November, with a distracting takeover saga having rumbled on for some considerable time.

Unfortunately for Whyte, his efforts to acquire the club hit a stumbling block when Rangers chairman Alastair Johnson raised doubts over the offer and revealed plans to explore a plan B, with director Paul Murray believed to be the man fronting a rival consortium.

However, further meetings have now been held between Whyte and the Gers board and it appears that he has been able to convince them of the merits of his bid.

Johnston said: "The committee are now much closer to viewing Craig Whyte's bid as the right one for Rangers."

I wonder how many times I've posted similar over the weeks,lets see if this one comes to life a bit in the next few days.

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