The Andrew Ellis takeover of Rangers has been agreed in principle and could be completed by Friday afternoon.

The £33m deal, partly funded with help from Middle East backers, will all but wipe out the club's debt.

Current owner Sir David Murray would receive just £3m from the sale. (Daily Mail)

Meanwhile, Rangers are set to take advantage of the financial crisis at Lens by signing striker Toifilou Maoulida in a £500,000 deal. (Daily Record)

The Finnish FA have made a last-ditch attempt to stop their national team manager Stuart Baxter from taking up a mentor role to Neil Lennon at Celtic. (Daily Record)

And according to other reports, the Finnish FA say Celtic have not yet contacted them over Baxter - despite already holding secret talks with him. (Daily Express)

And, new Celtic manager Lennon will now pursue a deal to take £1m-rated Charlton captain Nicky Bailey to the club. (Daily Express)

Kilmarnock want to speak to former Celtic coach Peter Grant about their vacant managerial position. (Daily Express)

English-born Hearts winger Andy Driver will discover today if he will be allowed to represent Scotland if the previous gentleman's agreement on eligibility between the Home Nations is amended. (Daily Record)

Scotland's David Drysdale believes Europe Ryder Cup captain Colin Montgomerie is capable of winning this year's Open Championship at St Andrews after his course record 62 in qualifying. (The Sun)

Scottish 400m athlete Eilidh Child has been named in the British team for the European Championships in Bergen, where she will also form part of the 4x400m team. (The Sun)

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