Whyte agrees to sell stake
London-based consortium agree deal with Gers owner
By Pete O'Rourke - Follow me: @skysportspeteo. Last Updated: May 10, 2012 7:38pm
Rangers step closer to safety
Sky Sports sources understand Craig Whyte has agreed in principle to sell his majority share in Rangers to a London-based consortium.
The ownership of the cash-strapped Glasgow outfit took a new twist earlier this week when their administrators' preferred bidder, Bill Miller, withdrew his interest in buying the club.
Rangers' administrators Duff and Phelps had claimed talks with three other bidders were ongoing as they look to secure the club's financial future.
Joint administrator David Whitehouse claimed earlier on Thursday that Whyte has agreed to transfer his 85 per cent shareholding for a pound.
Sources understand Whyte has now agreed to sell his shareholding to a mystery London consortium, clearing the way for a takeover to proceed.
Whyte had previously rejected claims that he had agreed to sell his stake in the Ibrox outfit to The Blue Knights consortium and it remains to be seen if the new mystery consortium's takeover bid will be accepted by the administrators.