Craig Whyte’s takeover of the Glasgow Rangers may be more troubled than originally thought. The Scottish businessman had looked sent to complete his purchase of the financially troubled side in short order, but apparently that’s not to the liking of the Rangers board, who’d prefer to wait to complete the takeover until the end of the season. According to a source close to the deal, Whyte would like to move now, and time is running out:
‘Time Running Out’ On Craig Whyte Rangers Takeover
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 reality is also that Whyte could simply purchase the club without the board’s involvement, which would rather get around the fact that they don’t want to complete the deal until summertime. However, this would require him to initiate what is expected to be a protracted and rather annoying battle to remove the original board, which unsurprisingly he’d rather avoid. Let’s see who blinks first (our guess is Whyte).
See More:
