Whyte backing Green's plans for Rangers

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Football News

Rangers fans are being tugged in opposite directions ahead of next week's creditors meeting which will decide if the Ibrox club exit administration through a Company Voluntary Arrangement (CVA).

The Light Blues' controversial owner Craig Whyte has agreed to sell his 85% shareholding in Rangers for £2 to Charles Green, who is leading the consortium in place to take control of the club. The former Sheffield United chief executive's group has pledged £8.5million for creditors who will be able to vote on the CVA next Thursday.

Should creditors reject the CVA, then Green would form a newco but Whyte is giving Green's plan his full backing, and said: "I am 100% behind the CVA. I am very much in favour of it. I hope it goes through because it is the best way forward for the club and it will leave Rangers in an excellent situation."

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