Whyte will hand over his shares

 

Rangers administrators Duff and Phelps have said that Craig Whyte has confirmed he will transfer his majority shareholding to two parties involved in takeover talks.

One of the groups to have agreed a deal to take over Whyte's 85 per cent shareholding is an English-based consortium containing figures who have been in involved at chief executive and chairman level at English Premier League and Championship clubs in the past.
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