Telegraph.co.uk
Blame the bank, says Rangers manager Walter Smith as he looks for his players to bounce back from defeat
Rangers manager Walter Smith believes that Lloyds Banking Group constitutes a bigger threat to his club�s chances of winning a third successive title than Neil Lennon�s Celtic.
They may trail their Old Firm rivals by four points after losing 2-0 to them at Ibrox last weekend but Smith is in no doubt that the financial constraints he is being forced to work under can only undermine Rangers� prospects of triumphing at home and abroad.
Smith, who will turn 63 next month, is in his final season in charge and has had to contend with the interference from Lloyds (the club�s biggest creditors) for the last two years.
However, he accused the bankers of short-termism and pointedly noted that it was their profligacy ââ?¬â?? on a far greater scale than that indulged in by Rangers owner Sir David Murray, although they bankrolled that as well ââ?¬â?? which has brought the global economy to its knees.
At a time when he has guided Rangers back into profit for the last three years, significantly reducing the club�s debt in the process, Smith believes he is due a little respite from the number crunchers who continue to treat him with the distrust normally shown to those applying for a first mortgage.
ââ?¬Å?I feel as though the whole situation is a bit unfair from the football side of things,ââ?¬Â he said. ââ?¬Å?We do need a bit of help. You had the situation a couple of years ago when some boys put the banner up saying 'We Deserve Better.ââ?¬â?¢
ââ?¬Å?Of course, they meant the supporters but at times you have to look at it from our side and realise that we also deserve better for what weââ?¬â?¢ve done: and by that I mean in comparison to clubs of similar stature.
ââ?¬Å?There obviously isnââ?¬â?¢t a long-term view, they are only looking at it from a short-term perspective. Whether we think itââ?¬â?¢s fair or not it doesnââ?¬â?¢t really matter because weââ?¬â?¢re not getting any kind of reaction anytime we ask: therefore we are well and truly in the hands of the bank.
ââ?¬Å?We just need to get on with it. Of course, the ironic aspect, not just for Rangers but for everybody, is that the banks are telling us what we can and canââ?¬â?¢t do. Maybe someone should have done that with them a long time before they started [the credit crunch].ââ?¬Â
The bankers have informed Rangers� chief executive, Martin Bain, that they would not be allowed to reinvest any fee received from another club should one their players be sold during this transfer window.
ââ?¬Å?It becomes a concern when you have to keep asking the same group of players to keep on delivering,ââ?¬Â said Smith. ââ?¬Å?Thatââ?¬â?¢s when you need a wee bit of help. Unfortunately, we are not going to get that help.
ââ?¬Å?We canââ?¬â?¢t afford to bring in a loan player or anything like that. Thatââ?¬â?¢s the situation weââ?¬â?¢re in. Itââ?¬â?¢s an unfortunate one for our club but the bank are dictating the policy overall. Thatââ?¬â?¢s what we have to put up with.
ââ?¬Å?If we transferred a player we might not get all the money and we have been told that. If someone left it would give us the opportunity to bring someone in on a similar wage.
ââ?¬Å?But transfer-wise weââ?¬â?¢ve been told thereââ?¬â?¢s no certainty we would get the money. The wage would obviously allow us to bring someone in but if we donââ?¬â?¢t lose a player then we wonââ?¬â?¢t be bringing anyone else in.ââ?¬Â
Smith also pointed out that the decision to accept or reject any offers for his players would be taken by Lloyds and not by Rangers.
As his relatively small squad prepares to do battle in the Co-operative Insurance and Scottish Cups and the Europa League while also having to contend with a fixture backlog in the Clydesdale Bank Premier League, the veteran is concerned that his resources will be stretched to breaking point.
ââ?¬Å?This season was always going to be a big ask for all of our players,ââ?¬Â he said. ââ?¬Å?Weââ?¬â?¢ve handled the first half extremely well, allowing for the fact a few games have been postponed due to the weather.
ââ?¬Å?Now we find ourselves in a situation, after the turn of the year, that if we win those games in hand we go back to the top of the table. Considering the Champions League games, the size of the group weââ?¬â?¢ve got and other things, that would still be a fair achievement.
ââ?¬Å?We have to remember that but we need to get a good reaction following the Old Firm defeat. Weââ?¬â?¢ve taken a little knock in the Old Firm game and youââ?¬â?¢re always worried about a possible hangover from that.
ââ?¬Å?This is big test of character from my players but theyââ?¬â?¢ve shown in the last number of years that they are able to dig deep. If weââ?¬â?¢ve had a setback in the past theyââ?¬â?¢ve always come back from it. We have enough experience.ââ?¬Â
Did Walter not slate the we deserve better campaign:confused: