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Whyte: I did use season ticket deal for Rangers takeover

Craig Whyte admitted last night that more than £20 million of supporters' season ticket money was used to help fund his takeover of Rangers – as the SFA launched an inquiry into the controversial deal.

CRAIG WHYTE: Said he faces huge financial losses.
CRAIG WHYTE: Said he faces huge financial losses.

The Ibrox chairman contradicted his statement of 22 days earlier when he "categorically" assured supporters that the money used to wipe out the £18m owed by the club to Lloyds Banking Group for last May's deal came from one of his companies.