Rangers administrators to sue Whyte's lawyers

Rangers administrators Duff and Phelps have instigated legal proceedings against owner Craig Whyte‘s former lawyers – a claim which is understood to be in the region of £25million (€30m).

Rangers administrators Duff and Phelps have instigated legal proceedings against owner Craig Whyte‘s former lawyers – a claim which is understood to be in the region of £25million (€30m).

The move came as the administrators remain hopeful of announcing a preferred bidder for the club this week after holding talks with the two remaining interested parties today.

Administrators hope a deal for the Glasgow giants can be concluded “without any further delay”, with manager Ally McCoist today calling for a quick resolution to the bidding process.

Former Ibrox director Paul Murray’s Blue Knights consortium last night took a step back from the race to buy the club, leaving Bill Ng’s Singapore consortium and American tycoon Bill Miller still in the running.

Paul Clark, joint administrator, said: “We would like to inform all Rangers supporters that today discussions have been held between members of the administration team and the two remaining bidders in the sale process.

“A number of issues have been examined and we have made it clear to all those involved in the bidding that it is of paramount interest to the football club that a satisfactory deal be concluded without any further delay.

“It is our intention to announce a preferred bidder this week and we can assure all supporters of the club that we are doing everything in our power to make that happen.

“We can also confirm that we have instigated legal proceedings against Collyer Bristow, the former lawyers of the club, and The Rangers FC Group Limited in the High Court in London for substantial damages suffered by Rangers Football Club.”

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