Gers takeover talks ongoing

06 April 2011 09:30
Rangers are working on an "hour-by-hour basis" as Craig Whyte's takeover attempt rumbles on, chairman Alastair Johnston has said. Talks continued on Tuesday on Whyte's bid to purchase Sir David Murray's majority stake, but several details need to be ratified before a deal can be struck. Sources close to the deal remain optimistic over a successful outcome with tax issues not thought to be a major stumbling block to a final agreement. And Rangers chairman Johnston says the situation in continually changing. Johnston told the Daily Record: "A lot of discussions are going on. At this point I really can't say anything about what is likely to happen. It's about finding an agreement between the principles and as such they will set the timetables. "I can try to influence that and other elements of the discussions but I cannot mandate it. "All I can say is things are being dealt with on an hour-by-hour basis. I don't think there is a general consensus as to if or when it will be done. If you are asking me for my gut feeling then even that might change in the space of an hour."

Source: PA