Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Rangers board delaying takeover

Tue 19th Apr 2011 | Clubs Ownership

Craig Whyte’s protracted takeover of Rangers Football Club seems to be hanging in the balance.

Sources close to Whyte have told BBC Scotland that members of the Rangers board want to delay the takeover until the end of the season.

Whyte was is understood to have been keen to close the deal to buy Sir David Murray's majority shareholding of the club on Monday.

A source close to Whyte told BBC Scotland: "Mr Whyte is in a position to complete the deal right now.

“The reality is there is a very short period of time left for this deal to complete

"Everything is set to go, but some members of the independent committee for some reason want to delay completion until after the end of the season.

"The reality is there is a very short period of time left for this deal to complete."

The independent committee was set up to examine the credentials of potential buyers and includes the club chairman, Alastair Johnston and chief executive Martin Bain, as well as John McClelland, Donald McIntyre and former player and manager John Greig.

While it has no power to broker or scupper any deal, Whyte does not wish to take over a club with a hostile board.

If he were to conclude a takeover, he would install his own board.


Advertisement - KABA Turnstiles






If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk


Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Massimo Cellino Leaves Leeds After Takeover

Wed 24th May 2017 | Clubs Ownership

Andrea Radrizzani has completed his takeover of Leeds United after purchasing Massimo Cellino’s 50% stake in the club. Radrizzani, who purchased 50% of the club in January, has acquired the...

EFL Approve Chinese Investment At Reading

Wed 17th May 2017 | Clubs Ownership

EFL approval granted as Chinese investors Dai Yongge and Dai Xiu Li take majority shareholding of club. Reading Football Club has confirmed Chinese brother and sister, Dai Yongge and Dai Xiu Li, have...

Hartlepool United Chairman Announces Resignation

Thu 4th May 2017 | Clubs Ownership

Hartlepool United’s Chairman, Gary Coxall has announced his resignation from the League Two club. The club faces relegation from the Football League for the first time in their history this...

Sam Rush Sacked By Derby County

Thu 4th May 2017 | Clubs Ownership

Sam Rush, President and Chief Executive Officer of Derby County has been sacked by the club it was announced yesterday. A brief statement released by the club read: “Derby County Football Club...