An article has appeared in the L'Equipe newspaper in France today (Wednesday, 14 June) concerning a financial transaction between Rangers Chief Executive Martin Bain and Ranko Stojic.
For the avoidance of doubt, I was made aware of this transaction in advance of it proceeding. It related to the purchase of a house in France by Martin Bain, which belonged to a player, Laurent Charvet, who was represented by Mr Stojic.
I am satisfied that all matters were carried out in the correct manner. This was a personal matter entirely unrelated to Martin's responsibilities to the Club and at no time has he acted illegally or improperly.