Former Rangers manager Dick Advocaat has shrugged off accusations that he is to blame for the club's financial woes.
Former Rangers manager insists he is not to blame for club's plight
Former Rangers manager Dick Advocaat has shrugged off accusations that he is to blame for the club's financial woes.
The Dutchman was in charge for four years, between 1998 and 2002, and won the treble in his first season at the helm.
He was given financial backing by chairman David Murray and brought in high-profile signings such as Giovanni van Bronckhorst, Arthur Numan and Andrei Kanchelskis.
However, he spent a club record of £12million on striker Tore Andre Flo which eventually turned out to be flop signing.
But Advocaat said: "My team became champions, etc..., etc... In that way, the money was worth spending."
It is believed that Advocaat spent in the region of £36million on players during his time in Glasgow, but insists the club made money from his decisions.
He added: "If you sell those players, you get more money back than you spend. That's the way you have to think."
Rangers are facing the threat of extinction after going into administration last month and being deducted 10 points from their Scottish Premier League campaign.
Four players have agreed pay-cuts, cutting their wages down by 75 per cent to help keep the club alive.
Advocaat admitted the club have overspent, saying: "Probably they spent too much money. Otherwise, you are not in this position.
"Unbelievable what's going on there because - with Celtic - one of the greatest clubs in the world.
"If you see how many fans they have in the world, it's a pity what has happened now.
"I don't think that will happen (Rangers going into extinction). At the end, somebody always stands up to take over it."
