Rangers: Charles Green agrees takeover deal for club
Former Sheffield United chief executive Charles Green has agreed a deal to buy Scottish Premier League side Rangers.
Green, 59, whose £8.5m bid is backed by a global consortium, hopes Rangers can exit administration through a Company Voluntary Arrangement, a concern for fans keen to retain the club's history.
Administrator David Whitehouse said that, should creditors reject the CVA, then Green would form a "new company".
Green watched Rangers beat St Johnstone 4-0 in their final league match.
At Sunday morning's media conference at Murray Park, the club's training base, Green revealed that there are 20 individuals in the consortium from Asia, the Middle East, Far East and the UK.
They first approached the administrators Duff & Phelps five weeks ago.
Green has purchased Craig Whyte's 85% shareholding in Rangers, joking that he paid £2 to give the former chairman "a 100% profit".
On Wednesday, Rangers will appeal against Scottish Football Association sanctions of a one-year transfer ban and a £160,000 fine.
The SFA's independent tribunal issued these penalties for the club bringing the game into disrepute, failing to pay National Insurance and PAYE contributions during Whyte's tenure and for failing to pay sums owed for tickets to fellow SFA clubs.
