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Rangers confirm takeover talks

Scottish Premier League club Rangers has confirmed that they are in ‘early discussions’ with Craig Whyte regarding a takeover.

An official statement on the club website reads: “The board confirms that it has been advised by Murray International Holdings Limited ("MIH") that it is in early discussions with Craig Whyte regarding the acquisition of MIH's majority shareholding in Rangers Football Club plc.”

The statement is in response to an announcement from Whyte’s representatives confirming that the London based financier is “considering making an offer” although they too were keen to stress that nothing is certain as yet.

If it goes ahead the deal, worth a reported £32 million, will see Craig Whyte replace Edinburgh millionaire Sir David Murray as Ranger’s owner. Murray effectively put the club on the market in October 2009, when he announced to the Stock Exchange that he would consider selling his controlling stake.

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