Charles Green today completed his purchase of Rangers` assets - shortly after former manager Walter Smith announced an 11th-hour bid.
Green completed his £5.5million newco acquisition after his Company Voluntary Arrangement was formally rejected.
The former Sheffield United chief executive stressed he wanted Ally McCoist to stay following morning reports that the manager was on the verge of quitting after apparently discovering that Green planned to replace him.
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Five people have been killed and 40 injured after a car and knife attack in London on Wednesday.
A wet, wintry night in places with rain and hill snow slow to move away from southern Scotland and northern England.
The Westminster terror attack dominates the front pages of Thursday's newspapers.