This was taken from the Record. CRAIG WHYTE is in line to complete his £33million takeover of Rangers next month as he inches closer to striking a deal on tax. Record Sport understands the venture capitalist has all but completed due diligence and is happy to take on the club's £27million debt. Sources also insist a deal is in the pipeline that would see any tax liability from recent years covered by Murray International Holdings and Lloyds Bank. The Ibrox club are at the centre of a probe by HM Revenue and Customs over controversial employee remuneration trusts. They could face a reported potential tax bill of £24m for paying players via offshore trusts, effectively doubling the debt announced in the club's recent financial figures. The case against Rangers was due to be heard at the end of last year but it has been postponed until the summer at the earliest, with a ruling not expected until towards the end of 2011. Whyte was concerned about the timescale and its impact on his plans but a deal is in the offing with MIH and their bank to absorb any possible liabilities that arise. Lloyds Bank, for their part, understand a buyer for the club is unlikely to come forward while the tax issue remains unresolved. That has left Whyte free to focus on the nuts and bolts of his takeover and he is confident of gaining control by the middle of next month. He has pledged £5m a season for the next five years for players and will name Ally McCoist as Gers' boss in the summer when he ends Murray's 23-year association with the club.