((HT: SkySports/STV))
The Duff and Phelps administrators in charge of looking at the shaky finances of Glasgow Rangers have come up with the discovery that current owner Craig Whyte used 18-million of the 25-million pounds sent from ticket broker Ticketus to complete his deal in the first place.
Whyte claimed he is "personally on the line" for 27.5-million pounds in guarantees and cash" for the deal, and now D&P is trying to figure out where the balance went.
Whyte, then, released a statement in regard to his future:
"I will not continue as Rangers chairman post-restructuring.
"Regardless of administration and irrespective of the tax case, the club had serious long-term structural problems financially and they needed to be addressed with some urgency.
"I knew that when I stepped up to the plate and, despite the accusations and abuse that I have suffered over weeks and months, I was determined to see things through.
"I will admit there have been times when I have wished that I had never entertained the idea of taking over Rangers.
"But I am a Rangers fan, and, like other Rangers fans I don't do walking way [sic]."
Here's a story BBC1 Scotland did on Whyte before all this started catching pace...
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