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Rangers 'financially secure'

Rangers director Brian Stockbridge insists the club are financially secure amid reports of further problems at Ibrox.

Last Updated: 02/10/13 at 19:54 Post Comment

Rangers: No financial problems at Ibrox, insists Rangers director

Rangers: No financial problems at Ibrox, insists Rangers director

Stockbridge insists there is no need to raise cash just to keep the Scottish League One club going after they announced £14.4m operating losses for a 13-month period.

The finance director predicted far better financial results next year following cuts and the end of certain non-recurring expenditure.

He told the club's website: "It's not possible that the club is going to go into administration. The club is financially secure.

"We have got cash in the bank, we have no debt, we have got a clean audit report.

"As we go forward, of course there will be investment required to move the club forward as we go through the divisions and up.

"But we are not in financial distress, we don't need to raise cash at the moment."

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e have the personnel. The trick is keeping them fit. Carrick and Blind have missed large chunks of the season, while the defence has been one muddled mess of intermittent stooges, all coming and going at various intervals thus far. We may be just short of title winning quality, but we're half way through. An injury crisis to either of the top two could change things. Optimistic, yes, but not unrealistic.

HarryBoulton
One Point And One Conclusion For United

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arish is the man to blame for this shambles. Pulis must be chuckling into his left over turkey sandwich. I pray this doesn't mean the Neil Warnock media machine will kick in now and he'll be back on the telly box.

magicfuller
Warnock sacked by Palace

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e almost found a new way to lose, just when I thought it was getting boring Giroud does that. Although Arsenal are deservedly called 'soft' the entire midfield is out injured. Still must admit MU are managing to win despite a similar raft of absentees. Think the Gunners have good players but poorly coached.

gettalong
Wenger: Giroud deserved red

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