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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The founder of a free school and two ex-staff members have been jailed for defrauding the Department for Education of thousands of pounds.
Pino Pagliara told ITV News a lucrative salary meant he told undercover reporters posing as football investors "what they wanted to hear".
She was best known for playing Ethel Meaker in the children's show Rentaghost and Grandma on stage in Billy Elliot the musical.