Alastair Johnston Speaks

[chilledbear 16]

RANGERS chairman Alastair Johnston has confirmed what SportTimes told our readers nearly a fortnight ago - Lloyds Banking Group will take drastic action at the end of the season if no buyer can be found for the Ibrox club.

 

New Gers supremo Johnston flew from his base in the USA to Glasgow this week before heading out to Romania for the club's Champions League showdown with Unirea Urziceni in Bucharest.

 

Hours before that game he outlined the worst-case-scenario the Scottish champions face to a group of corporate fans who were attending the game.

 

Speaking at the team hotel before kick-off in Steaua's stadium, the IMG vice-chairman told the wealthy supporters that Lloyds will implement savage cuts and dramatically scale down the ambition of the club if no buyer comes forward by next May.

 

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The club, who are now being run by the bank's man Donald Muir, are also likely to off-load star names in January should decent money be tabled.

 

The only way to avert this eventuality, which will include most of the first-team squad being sold off to reduce substantial debts believed to total around �£30 million, is for Sir David Murray's 90 per cent stake to be snapped up.

 

Johnston personally appealed to the business-men in Bucharest to make themselves known to the club's hierarchy if they had any intention of investing.

 

 

http://www.eveningtimes.co.uk/sport/display.var.2534239.0.ibrox_leader_spells_it_out.php

[rbr 1,269]

This sounded like the cry of the truly desperate to me , we always used to do business behind closed doors , now everything is in the press and is getting increasingly frantic , the seasons under big eck were truly depressing and I thought a thing of the past but obviously not

[Zappa 0]

This sounded like the cry of the truly desperate to me , we always used to do business behind closed doors , now everything is in the press and is getting increasingly frantic , the seasons under big eck were truly depressing and I thought a thing of the past but obviously not

This ET article didn't actually have a single valid/official quote from Alastair Johnston.

[rbr 1,269]

I can assure you this is accurate , my mate works on the sports desk at the times ,though not a "Name" he assures me this is true

[Frankie 8,665]

Don't worry moves are still afoot in the background to buy the club.

 

We can only hope this happens before January at a price that leaves enough flexibility for the new owner to ensure the club's fiscal status is positive before we get to season ticket sale time.

 

[rbr 1,269]

Don't worry moves are still afoot in the background to buy the club.

 

We can only hope this happens before January at a price that leaves enough flexibility for the new owner to ensure the club's fiscal status is positive before we get to season ticket sale time.

 

 

 

Frankie everyone believes talks are taking place , however this is Scotland if the deal isn't done yesterday everyone and their granny knows what's going on and before you know it reallity has left the building .

 

It's going to be a long two or three months and if this game of he who dares blink first takes a wrong turn it could end up very very sad for the support in general

[Super_Ally 0]

Alastair Johnston speaks "just not to us as we don't have a single quote from him".