Craig Whyte at Ibrox for first time as Rangers owner

By Chris McLaughlin and David McDaidBBC Scotland

Craig Whyte has described attending Ibrox for the first time as Rangers owner on Saturday as 'a great day'.

The businessman completed his £52.5m takeover of Rangers on Friday after more than six months of negotiations.

"It's a great day; very exciting. The main priority is to hopefully win the league," Whyte told BBC Scotland.

"We want to take the club forward and I think we have some very exciting times ahead."

Whyte was arriving to watch Rangers' Scottish Premier League match at home against Hearts, which the Ibrox side went on to win 4-0.

The 40-year-old opted to walk the last 100m to the main door of the stadium, as fans cheered and applauded.

Whyte has pledged to give Ally McCoist, who will become the team manager at the end of the season, £25m over five years to strengthen his playing squad.

When asked if he would be discussing budgets with Walter Smith's successor, Whyte said: "Perhaps not today, but obviously it's a conversation we're going to have."

The Stock Exchange announced late on Friday that Whyte had taken ownership of Sir David Murray's majority stake for just £1 via the company Wavetower.

However, the whole package of money for servicing the club's debt and for providing fresh capital comes to over £50m.

Despite the transaction going through, the independent takeover committee on the Rangers board again voiced concerns.

The committee, which included the outgoing chairman Alastair Johnston, expressed doubts that Whyte has sufficient funds to meet the club's financial needs - and in particular to pay any forthcoming HMRC tax bill.

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