Source: PA
Whyte aims to complete Rangers deal on Friday
Craig Whyte expects to be confirmed as the new owner of Rangers on Friday, it is understood.
The Scottish businessman's takeover bid, reportedly worth around £52.5million, is in its final stages after a positive day of talks in Edinburgh between Whyte's camp, current owner Sir David Murray and members of the Ibrox board.
A spokesman close to the deal told Press Association Sport: "Whyte's full team will be working late in to the night to get the final piece of the jigsaw with the hope that the deal will be concluded tomorrow."
Whyte's takeover bid turned in to a protracted saga after he first revealed his plans to the stock exchange in November.
The Motherwell-born tycoon was believed to be on the verge of completing his buy-out last month after agreeing a deal with majority shareholder Murray and main creditor Lloyds Banking Group which would clear the club's debts of around £22million.
However, the bid appeared to hit a stumbling block when Rangers chairman Alastair Johnston, part of an independent committee of Ibrox board members, cast doubts over the offer and revealed plans to explore an alternative deal.
