Rangers takeover: Latest updates from Ibrox Published on Thursday 14 June 2012 17:43 IN A day filled with developments at Ibrox, Charles Green has announced that he has acquired the business and assets of Rangers. Charles Green states that he has acquired assets and business of Rangers Walter Smith confirms he launched a late bid for the club backed by Scottish businessmen Green makes offer of role on board to Smith Ally McCoist looks set to stay on as manager after receiving backing from Green despite earlier rumours of his imminent departure Club announces appointments of directors and chief executive Despite former Rangers manager Walter Smith confirming he had made an 11th hour bid to buy the club - stating that he had the backing of several prominent Scottish businessmen including Jim McColl and Douglas Park - Charles Green announced that his £5.5 million takeover of the club had been completed. Paul Clark and David Whitehouse, of administrators Duff and Phelps, said that they were planning to proceed as planned with the sale of the club to Mr Green and were unaware of any other bids. Smith confirmed in a statement shortly after it was announced that Rangers had been forced into liquidation that he had submitted a bid, believed to be in the range of £6 million. He added that his bid was designed to ensure that the club could be stabilised and to "provide a platform for Rangers for generations to come." Charles Green also announced that he wanted Ally McCoist to stay on as manager of the Ibrox club, believing him to be the best person to take the club forward, despite rumours this morning that McCoist was set to leave the club. The deal to buy the club's assets and business also takes in the purchase of the stadium, the Murray Park training ground as well as paying the administrators Duff and Phelps. Charles Green has also confirmed that Walter Smith has been offered a role at the club, as "chairman of the football board." The announcement is thought to have been a direct response to Smith launching a last-minute takeover bid earlier today. In a press conference at Ibrox, Mr Green said he had not been in contact with Mr Smith regarding a formal offer, but he was happy for Mr Smith and Jim McColl, one of the businessmen mentioned in connection with the 11th hour takeover bid, to invest in Rangers. The club also announced the appointment of Directors and Chief Executive. Mr Green assumes the role of CEO, and will sit on the plc or Company board, whilst businessman Malcolm Murray, a season ticket holder at Ibrox, has been appointed chairman. His previous work has mainly been in managing pension funds, although he has also purchased a 25% shareholding in Manchester United. Mr Murray said: "It is a great honour to be invited to become non-executive Chairman of an iconic football club. Those responsible for bringing the Club to its knees should start by apologising to supporters who have been left to face the consequences. Brian Stockbridge has been confirmed as Financial Director whilst Imran Ahmad of Zeus Capital, who have extensive experience in the flotation of football clubs, joins the board in a non-executive role. Inside Sport podcast: Andrew Smith and Stuart Bathgate discuss Rangers, Euro 2012 and Andy Murray