Prospective new owner Charles Green has assured fans that Rangers Football Club will remain and will continue to play at Ibrox.
Prospective owner vows to fight for club's future
Prospective new owner Charles Green has assured fans that Rangers Football Club will remain and will continue to play at Ibrox.
Rangers were dealt a fresh blow on Tuesday morning when it emerged that Her Majesty's Revenue and Customs would vote against a Company Voluntary Arrangement proposal.
The club now faces an uncertain future but Green has pledged to 'fight tooth and nail' to ensure they bounce back.
Green has also stated that he will explore ways of allowing the club's 26,000 shareholders to buy into his new company.
He said: "The solemn promise I can make to Rangers fans today is that this club will continue as Rangers Football Club and will continue to play at Ibrox Stadium.
"We will be liaising with the football authorities at the earliest opportunity to establish our position regarding the SPL.
"I, along with my investors who believe that Rangers can have a bright future, will fight tooth and nail to ensure the club recovers from this catastrophic phase in its proud history.
"The fans deserve better and we will work tirelessly to realise their ambitions."
What benefit?
Green cannot understand why HMRC voted against a CVA proposal and forced Rangers down the route of liquidation.
He added: "Frankly, I do not see what benefit will be achieved by this decision.
"My consortium's offer for a CVA amounted to a total of £8.5million.
"Now that we will have to complete the purchase via the formation of a newco, the purchase price and therefore the amount available to creditors will be £5.5million.
"I can understand HMRC deciding that football clubs which do not pay their taxes need to be punished, but by effectively banning Rangers from Europe for three years all that will happen is that there will be less revenue generated by the club and consequently less money paid over to the taxman.
"Also, I do not believe that by opting to vote against the CVA proposal, HMRC will generate more cash by pursuing those they believe as responsible - but that is a matter for them."
