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The latest revelation, which will sicken the club’s supporters, has come to light as part of Record Sport’s explosive investigation into Whyte and the £1 deal he struck to buy Rangers after selling off £24.4 million worth of season tickets to finance his takeover.
Fresh information in our possession now shows how Whyte struck a deal worth more than £230,000 with a consortium called Red and White to sell off the 16 shares and cash in on a historic link between the clubs dating back to 1910.
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