Ibrox director tables alternative Gers takeover

The Rangers takeover saga took a major twist today when chairman Alastair Johnston revealed that an Ibrox director had proposed an alternative funding plan to Craig Whyte’s bid.

Johnston revealed concerns over the “relatively modest amount of money” available to immediately invest directly in the club from Whyte, who had agreed a deal with majority shareholder Sir David Murray and main creditor Lloyds Banking Group.