Whyte takeover faces further delay

19 April 2011 09:00
Rangers fans on Monday night learned of more possible problems surrounding Craig Whyte's proposed takeover of the Ibrox club. Six months after declaring his interest in buying the Scottish champions, the Motherwell-born businessman hoped he would finally complete the deal, originally costed at around £33million, early this week. However, Press Association Sport understands that Rangers chairman Alastair Johnston wants talks to continue to the end of the season. It is understood that Whyte's camp are more than frustrated about the hold-up following a meeting, in which all the was criteria laid down as part of the deal by majority shareholder Sir David Murray and after agreeing terms with Lloyds Bank. A source close to Whyte's camp told Press Association Sport: "Craig Whyte is in a position to close the deal immediately. "Everything is ready to go but some members of the independent committee are dragging their heels and want to delay the takeover until the end of the season."

Source: PA

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