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CRAIG WHYTE'S �£33million takeover of Rangers is this morning on the brink of completion - and it does NOT hinge on the outcome of the Ibrox tax case.

 

Sunsport can reveal that the HMRC probe into Gers' finances will not affect the plans of the multi-millionaire venture capitalist and his deal partner Andrew Ellis.

 

Ibrox insiders remain confident they will emerge from the investigation into offshore payments to stars without a penalty to pay.

 

This week behind-the-scenes talks have taken Gers fan Whyte close to completing the complex deal that'll end Sir David Murray's 23-year reign.

 

Next week Gers' financial figures are expected to show that the club's debt level has fallen to below the �£25m mark.

 

Now the Whyte deal WILL be completed before the end of the season and it will mean this:

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The sale of the club will go through with Whyte aided by Ellis paying around �£33m for Murray's 92 per cent share.

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Rangers will be guaranteed a total of �£25m worth of investment in the playing budget over the next five years - in effect �£5m per season before any money brought in by Euro success and other avenues.

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Ally McCoist, Kenny McDowall and Ian Durrant being given the chance to take control of the first team when Smith bids an emotional farewell in May.

 

Gers have come through some of the very darkest financial days of their history and survived after Murray appointed turn-around specialist Donald Muir and Mike McGill to the board.

 

It's understood Muir and McGill - one of steel tycoon Murray's most trusted voices within his own empire - helped win a crucial vote to stave off a board bid to take the club's debt to �£50m.

 

With that manoeuvre quashed, Lloyds were then persuaded to keep the club's annual player wage bill at the �£16m level and not engage in a policy of slashing it to �£10m-a-year that would have in effect have handed domestic domination to Celtic.

 

Now it is hoped that Rangers will emerge from the mire as a club that operates within its means.

 

The reality is Gers will still sell the club's best players to England.

 

Lifelong Gers fan Muir, brought in by Murray to help rescue his entire empire, has been painted as the enemy within by sections of the support.

 

Now the ship is steadied and the Whyte deal is imminent.

 

Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/3421235/Whyte-on-brink-of-takeover.html#ixzz1EMAjxNWD

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Guest Gerster

If I was Craig Whyte i.e. Someone in a clear financial position to buy the club and provide a �£5m budget for the next 4 seasons - I would also have the nouse to provide an immediate and additional �£5m budget to regenerate the squad over this summer?

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If I was Craig Whyte i.e. Someone in a clear financial position to buy the club and provide a �£5m budget for the next 4 seasons - I would also have the nouse to provide an immediate and additional �£5m budget to regenerate the squad over this summer?

 

The �£5m over 5 seasons is before any profit from transfers and money generated from European football. Or that's what I took from it.

 

Still, no point worrying about that until it happens.

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