Former Rangers owner Craig Whyte has been declared bankrupt in the wake of losing an £18m damages claim, and also faces criminal charges over his part in the club's takeover.

Ticketing firm Ticketus successfully sued the 44-year-old for damages in 2013 over his part in the takeover of the Ibrox club in 2011.

The bankruptcy petition was filed at the High Court in London after Whyte did not pay a judgment debt, plus costs and interest, currently worth £20.8m.

Ticketus provided cash to help Whyte purchase Rangers in 2011, but the agreement was later terminated when the club entered administration in February 2012.

Written by
Giuseppe Labellarte