Whyte moves a step closer to Rangers takeover

Wednesday 27 April 2011 00:00 BST

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Craig Whyte's Rangers takeover bid appears to be back on track after he moved closer to winning over the independent committee of the club's board.

The tycoon appeared to be on the verge of completing the buy-out last Monday after agreeing an offer with majority shareholder Sir David Murray and Lloyds Banking Group.

Whyte's deal hit a stumbling block last week when Rangers chairman Alastair Johnston raised doubts over the offer but it now seems to be on again.

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Whyte moves a step closer to Rangers takeover

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