Rangers chairman Whyte sold shares to Arsenal

Record Sport has revealed that Rangers owner Craig Whyte sold 102 years of history when he flogged 16 shares to Arsenal recently.

The two clubs have a link dating back to 1910 when Woolwich Arsenal were in financial bother with ‘Gers helping out the manager of the Londoners, George Morrell, who had previously worked at Ibrox.

Rangers bought two shares in to assist the Gunners, who reciprocated 20 years later when the Glasgow giants fell on hard times themselves, by purchasing 14 shares in return.

But it has been revealed that Whyte, whose regime has seen Rangers enter administration, sold the shares in a deal worth more than £230,000 to a consortium called Red and White.

 
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