Rangers Football Club 0 Posted September 14, 2011 Share Posted September 14, 2011 CHAIRMAN speaks out on behalf of Rangers board More... 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted September 14, 2011 Share Posted September 14, 2011 Here's the full statement - Quote STATEMENT issued by Craig Whyte, chairman of Rangers FC, on behalf of the board of directors of Rangers FC: "On behalf of the board of directors at Rangers I believe it is right and proper today to inform our supporters of the true financial position of the club in the wake of the recent publicity, much of it generated with the sole intention of damaging this great football club. "First, the board would like to make it absolutely clear that, at Ibrox, it is business as usual. The club is trading normally and has a strong balance sheet. "The board finds it reprehensible that the law courts have been used in recent days to suggest the club is on the brink of insolvency. It is not. "At the Court of Session yesterday during a hearing instigated by the former chief executive , Martin Bain, and his lawyers, the Judge, Lord Hodge, confirmed what has been already reported - that the club will face potentially serious consequences should the HMRC tax tribunal find against the club and recommend the imposition of an unmanageable liability. "I discussed this very issue with journalists on Monday. At this point the club's advice from tax advisors has been that the club has a good chance of succeeding in the tribunal but it would be wholly irresponsible not to consider the potential consequences for the club should the decision be made against us. "No-one can say with 100% certainty at this stage what the outcome will be - that is why there is a tribunal. I can say categorically that we will be fighting the club's case most vigorously. "We at the club note that during yesterday's legal proceedings there was no mention of the fact that this potential liability from HMRC, came to the fore on the watch of the previous regime. "As chairman, I find it breath-taking that the former chief executive, who was in post when this issue emerged, has now sought fit to seek legal protection from its potential consequences. "Much was made in court yesterday of the club's dispute with the legal firm, Levy & McRae yet no mention was made of the fact the club had raised a complaint with the Scottish Legal Complaints Commission with regard to a potential conflict of interest. "Levy & McRae had acted for Rangers FC on many occasions and the club felt it was inappropriate for them to subsequently act against the club on behalf of the former chief executive. That matter is now with the Law Society of Scotland. "As I explained publicly earlier this week, Rangers FC faces challenging times ahead - as do many football clubs. "The current costs of the club against existing and potential revenue streams make it imperative the club operates within its means. There can be very few businesses today that are not taking this outlook on life. "This club has a great history and a great future - but we will have to work hard to achieve it. It is a great privilege to be the Chairman of Rangers Football Club and I will do everything I can to ensure our team and supporters enjoy continuing success in the future. "The focus of all of us with Rangers at heart is this weekend's Old Firm game and I'm sure I speak for every Rangers fan in wishing Ally McCoist and the team the very best for Sunday." 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted September 14, 2011 Share Posted September 14, 2011 This talking to the Supporters is heady stuff. Pleasant change from the previous lot. 0 Quote Link to post Share on other sites More sharing options...
Kenzie1 0 Posted September 14, 2011 Share Posted September 14, 2011 Let's hope this heralds (pun intended) the end of Mr Moonbeams' dignified silence. Next, Mr Whyte, please get rid of the rabid tims like the security receptionist at Murray Park, a well-known tim and IRA supporter. Then start with all non-Rangers' supporters in Ibrox. 0 Quote Link to post Share on other sites More sharing options...
Guest Dutchy Posted September 14, 2011 Share Posted September 14, 2011 Ach, the boss speaks. I've said along that we're not in any trouble. What's all the panic? Everything is fine now. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted September 14, 2011 Share Posted September 14, 2011 Not much more he can say on the subject, bet he gets pelters the man can't win never mind what he says. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 4,151 Posted September 14, 2011 Share Posted September 14, 2011 Dutchy said: Ach, the boss speaks. I've said along that we're not in any trouble. What's all the panic? Everything is fine now. I spot the sarcasm ... but he does not actually say anything about "not being in trouble" and there is "no need to panic" nor that "anything is fine now". 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted September 14, 2011 Share Posted September 14, 2011 He's beeling with Bain. 0 Quote Link to post Share on other sites More sharing options...
Guest Dutchy Posted September 15, 2011 Share Posted September 15, 2011 der Berliner said: I spot the sarcasm ... but he does not actually say anything about "not being in trouble" and there is "no need to panic" nor that "anything is fine now". It's only sarcasim because I don't see why we should believe what he's got to say now as opposed to what he said during and after the take-over. Then again, I'm sure he's seen the advantages of coming out and supporting his business interests. I certainly hope we don't get sold off piece by piece, which is a reasonable fear. 0 Quote Link to post Share on other sites More sharing options...
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