Craig Whyte talks with potential Rangers buyers

 

Rangers majority shareholder Craig Whyte has spoken to several of the parties interested in buying the club, including members of the Blue Knights, as he insisted he remained relevant to the sale process.

Whyte has been described by administrators as "irrelevant" despite owning 85.3% of the club's shares, which he bought from Sir David Murray for £1 in May last year.

Administrators have claimed there is no evidence that Whyte has put any money into the club but the businessman says he has cash on the line, although he may walk away with nothing.

Duff and Phelps have set a deadline of tomorrow for final bids for the club with the Blue Knights, American investors Club 9 Sports and a Singapore-based group all tipped to compete for preferred bidder status.

Whyte completed his takeover with money received from Ticketus from future season ticket sales in May and then sold more in September to take the total income from the group to £30.5million including VAT.

But he insisted he is not irrelevant, as administrators Duff and Phelps have claimed.

"They can describe me this way if they like, but I would disagree with it," Whyte told Press Association Sport. "I am still the owner.

"But I am willing to walk away if it is for the good of the club. I wouldn't make anything out of it.

"I have £30million in cash and guarantees on the line but I would walk away if it is best for Rangers.

"I have been in touch with a couple of bidders. If I can help any of them I will."

Whyte is sceptical over former Rangers director Paul Murray's ability to help the club but he is happy to co-operate over the Blue Knights consortium's bid.

"We have never seen eye to eye," Whyte said.

"I haven't spoken to him since last May. He is one of the old board. I don't see what he brings to the party.

"But there are some good guys in the Blue Knights and I've spoken to a couple of them, and I have no problem with them."

Meanwhile, Whyte disagrees with the assertion that liquidation is likely, which has been stated by Rangers director Dave King and recently given credence by the administrators.

"I do not favour liquidation at all, it is not necessary," Whyte said.

"I want to exit administration with a CVA (company voluntary arrangement). There is no reason whatsoever that that can't happen.

"Liquidation is no good for Rangers. It will end 140 years of history.

"I can understand why some people might think it is a good idea but we have to keep Rangers alive."

PA

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Arts and Entertainment
music

News
Russell Brand at an anti-austerity march in June
peopleActor and comedian says 'there's no point doing it if you're not'
Arts and Entertainment
Banksy's 'The Girl with the Pierced Eardrum' in Bristol
art'Girl with the Pierced Eardrum' followed hoax reports artist had been arrested and unveiled
Voices
Oscar Pistorius is led out of court in Pretoria. Pistorius received a five-year prison sentence for culpable homicide by judge Thokozile Masipais for the killing of his girlfriend Reeva Steenkamp
voicesThokozile Masipa simply had no choice but to jail the athlete
Arts and Entertainment
Sister Cristina Scuccia sings 'Like a Virgin' in Venice
music

Like Madonna, Sister Cristina Scuccia's video is also set in Venice

News
i100
Arts and Entertainment
James Blunt's debut album Back to Bedlam shot him to fame in 2004
music

Singer says the track was 'force-fed down people's throats'

Life and Style
The Tinder app has around 10 million users worldwide

techThe original free dating app will remain the same, developers say

News
news

Endangered species spotted in a creek in the Qinling mountains

News
peopleJust weeks after he created dress for Alamuddin-Clooney wedding
Life and Style
A street vendor in Mexico City sells Dorilocos, which are topped with carrot, jimaca, cucumber, peanuts, pork rinds, spices and hot sauce
food + drink

Trend which requires crisps, a fork and a strong stomach is sweeping Mexico's streets

Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Two super-sized ships have cruised into British waters, but how big can these behemoths get?

Super-sized ships: How big can they get?

Two of the largest vessels in the world cruised into UK waters last week
British doctors on brink of 'cure' for paralysis with spinal cord treatment

British doctors on brink of cure for paralysis

Sufferers can now be offered the possibility of cure thanks to a revolutionary implant of regenerative cells
Let's talk about loss

We need to talk about loss

Secrecy and silence surround stillbirth
Will there be an all-female mission to Mars?

Will there be an all-female mission to Mars?

Women may be better suited to space travel than men are
Oscar Pistorius sentencing: The athlete's wealth and notoriety have provoked a long overdue debate on South African prisons

'They poured water on, then electrified me...'

If Oscar Pistorius is sent to jail, his experience will not be that of other inmates
James Wharton: The former Guard now fighting discrimination against gay soldiers

The former Guard now fighting discrimination against gay soldiers

Life after the Army has brought new battles for the LGBT activist James Wharton
Ebola in the US: Panic over the virus threatens to infect President Obama's midterms

Panic over Ebola threatens to infect the midterms

Just one person has died, yet November's elections may be affected by what Republicans call 'Obama's Katrina', says Rupert Cornwell
Premier League coaches join the RSC to swap the tricks of their trades

Darling, you were fabulous! But offside...

Premier League coaches are joining the RSC to learn acting skills, and in turn they will teach its actors to play football. Nick Clark finds out why
How to dress with authority: Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear

How to dress with authority

Kirsty Wark and Camila Batmanghelidjh discuss the changing role of fashion in women's workwear
New book on Joy Division's Ian Curtis sheds new light on the life of the late singer

New book on Ian Curtis sheds fresh light on the life of the late singer

'Joy Division were making art... Ian was for real' says author Jon Savage
Sean Harris: A rare interview with British acting's secret weapon

Sean Harris: A rare interview with British acting's secret weapon

The Bafta-winner talks Hollywood, being branded a psycho, and how Barbra Streisand is his true inspiration
Tim Minchin, interview: The musician, comedian and world's favourite ginger is on scorching form

Tim Minchin interview

For a no-holds-barred comedian who is scathing about woolly thinking and oppressive religiosity, he is surprisingly gentle in person
Boris Johnson's boozing won't win the puritan vote

Boris's boozing won't win the puritan vote

Many of us Brits still disapprove of conspicuous consumption – it's the way we were raised, says DJ Taylor
Ash frontman Tim Wheeler reveals how he came to terms with his father's dementia

Tim Wheeler: Alzheimer's, memories and my dad

Wheeler's dad suffered from Alzheimer's for three years. When he died, there was only one way the Ash frontman knew how to respond: with a heartfelt solo album