Rangers boss pledges no second administration threat

Rangers chief executive Graham Wallace has issued a "categoric" assurance that the club is not at risk of another administration.

Loading Comments

He was speaking after the club announced that two shareholders were set to plug a funding gap.

The club issued a statement to the stock exchange confirming they were in talks over securing a £1.5million loan following reports that directors Sandy and James Easdale and major shareholder Laxey Partners were set to issue a much-needed cash injection.

Rangers lost £14.4m in their first 13 months of trading as a new company in June 2012.

Despite raising £22m from a share issue in December 2012, former finance director Brian Stockbridge admitted the money would run out before the end of this season.

Wallace told Rangers TV: "I think it's important to say that the board, myself, the executive team, are working very hard to rebuild the club. We are midway through our 120-day review of every area of the business.

"But what I can categorically say is that there is no threat of a second administration.

"Let me put that to bed once and for all. We are absolutely focused on the long-term sustainability and success of Rangers Football Club and supporters should not be concerned about some of the ill-informed comment they are reading in the media."

Meanwhile cheeky Celtic fans hijacked Rangers' bid to engage with their supporters in an online wind-up.

The Ibrox side's Ready to Listen survey is designed to give their supporters a "genuine voice" in the future of their club and was launched yesterday.

But Celtic supporters took the opportunity to have a pop at their arch rivals - by filling in the survey themselves.

Some even claimed to have filled in the survey "several times".

One Celtic fan wrote on Twitter: "I've done 10 surveys today, let's you do as many as you want."

Rangers fans, however, failed to see the funny side and hit back, claiming Celtic fans were "obsessed" with the SPFL League One side.

Commenting & Moderation

We moderate all comments on Evening Times on either a pre-moderated or post-moderated basis. If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.


Have you got a story?

Contact the news desk on 0141 302 6520 or email news@eveningtimes.co.uk
A weekly round up of social highlights

A weekly round up of social highlights

Cat's Eyes on Glasgow

Italian at Osteria Del Tempo Perso, a Rox party and Karen Dunbar at Aye Write!




Gail’s Gab

Gail’s Gab

Gail Sheridan is a mother-of-one and wife to Tommy and she likes to get political with the hot topic of the week in her column Gail’s Gab.

Michelle McManus

Michelle McManus

Sussed in the City

The secret is out, get out that red swimsuit as I’m sharing a stage with the Hoff

Janice Bell

Janice Bell

You couldn’t make up half the stuff that happens to PA Janice Bell- some of the jams she gets herself into are worth a story or two.