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I'm as skeptical as most about Whyte, but as far as I'm concerned, no news is good news. What would the point be in drawing things out for this long if he was a stooge or a time waster? And the other thing is that when Ellis appeared, people linked to the club (and not) were pretty vocal in saying his bid would come to nothing from very early on. That hasn't happened with Whyte.

 

The bottom line is that no-one knows what the hell is going on and that goes for the status of this bid and also how our club is being run, regardless of what the internet experts and journos would have you believe.

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Daily record: http://www.dailyrecord.co.uk/football/spl/2011/02/05/craig-whyte-nears-takeover-of-rangers-as-deal-looks-to-be-struck-over-tax-issue-86908-22900338/

 

CRAIG WHYTE is in line to complete his �£33million takeover of Rangers next month as he inches closer to striking a deal on tax.

Record Sport understands the venture capitalist has all but completed due diligence and is happy to take on the club's �£27million debt.

Sources also insist a deal is in the pipeline that would see any tax liability from recent years covered by Murray International Holdings and Lloyds Bank.

The Ibrox club are at the centre of a probe by HM Revenue and Customs over controversial employee remuneration trusts.

They could face a reported potential tax bill of �£24m for paying players via offshore trusts, effectively doubling the debt announced in the club's recent financial figures.

The case against Rangers was due to be heard at the end of last year but it has been postponed until the summer at the earliest, with a ruling not expected until towards the end of 2011.

Whyte was concerned about the timescale and its impact on his plans but a deal is in the offing with MIH and their bank to absorb any possible liabilities that arise.

Lloyds Bank, for their part, understand a buyer for the club is unlikely to come forward while the tax issue remains unresolved.

That has left Whyte free to focus on the nuts and bolts of his takeover and he is confident of gaining control by the middle of next month.

He has pledged �£5m a season for the next five years for players and will name Ally McCoist as Gers' boss in the summer when he ends Murray's 23-year association with the club.

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I've got tears in my eyes reading this. Please god let this all be true and end our troubled times. I just hope we don't end up a toy for a new owner but that Rangers are run on a good financial footing. We the fans also have to learn from this that the club cannot be spending money it does not have. It would be a big help if we could pull the fans under one banner that actually has something to say in the boardroom. The present Rangers supporters movements should be looking at themselves and take this opportunity to pull together under one umbrella and work with a new owner demanding transparency in all that he does with our club. We must never let our club get in the same state ever again.

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We don't need a supporter in the boardroom and might actually find it weakens our ability to challenge the board when it's necessary. What we need is fans to stop looking for a person or group to do what ordinary fans could and should do for themselves.

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