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The official "Takeover Completed" thread


Muff

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If Craig Whyte didn't have any money, Wouldn't he fail the due-diligence?

Craig Whyte has the funds he has had to prove he had the funds at the start when the stock exchange was notified to satisfy Murray and Lloyds, this would havent got this far had he had no money.

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Press conference to be called apparently at close of play or tommorow morning :sherlock:

Fingers crossed loyal

Today would be excellent, sitting here with the flu so hearing it as finalised would be a massive lift for myself :D

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Sky Sports News understands that Lloyds Banking Group have given Craig White approval to proceed with his takeover of Rangers.

On Monday the bank denied it was seeking an 'exit fee' in order to permit the Scottish tycoon's takeover after it was thought a payment of more than £1million was proving a stumbling block.

White is seeking to buy 75 per cent of Sir David Murray's shares in Rangers and both parties have been told by Lloyds that they are happy the proposed deal can go through.

Earlier this week Lloyds was informed by the Murray Group on behalf of White that due diligence had been officially completed and that they were happy to continue with proceedings.

White has held talks with Lloyds over the past few days and made two requests over the structure of the club's debt, which is on course to be £18million in June.

The banking group, which retains Rangers' debt, have delivered on those commitments, meaning the deal is one step closer to being finalised.

http://forum.rangersmedia.co.uk/index.php?showtopic=182273&pid=1058853030&st=0entry1058853030

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