Former Rangers director Paul Murray has admitted that he is considering a consortium takeover of the struggling Scottish Premier League side.
Murray, who tried to buy out former owner Sir David Murray last year, has claimed that he may enlist the services of other businessmen to replace Whyte.
"Would I come forward and help the club? Yes," Murray told BBC Scotland. "But I can't do that on my own, I would need to work with others.
"Would I be prepared to do that alongside Craig Whyte? No. I don't think one person running the club is a sustainable model. I think there has to be wider ownership to give the club the best chance of moving forward. This wouldn't be Paul Murray coming forward to buy the club, it would be Paul Murray as one of many stakeholders putting together capital.
"However, I'm still digesting the events of the last 24 hours, so it's too early to come to a judgment. It's very difficult to know the scale of the liability the club now faces."
Rangers have been deducted ten points, which leaves them 14 points adrift of rivals Celtic.