forlanssister 3,050 Posted February 17, 2012 Share Posted February 17, 2012 Anybody else think the 24mill went to bail out Pritchards. Unlikely, though some flow in the other direction may very well have occurred. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,153 Posted February 17, 2012 Author Share Posted February 17, 2012 (edited) STV retract that... Edited February 17, 2012 by Frankie 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted February 17, 2012 Share Posted February 17, 2012 RANGERS chairman Craig Whyte has this afternoon released the following statement: WHEN I took over as majority shareholder of Rangers in May last year, I knew I had been handed a huge privilege - and an enormous responsibility. My intention then was to do everything I could to safeguard the club's future. And that remains my intention today. The traumatic events of the last few days have, understandably, led to a great deal of angst and uncertainty as well as firestorm of media speculation, much of it ill-formed and some of it downright malicious. That an internationally-renowned institution such as Rangers should find itself in administration is bound to create shockwaves, particularly among the club's magnificently-loyal fans, and I fully understand their anxiety. As chairman, I have been at the centre of this firestorm - and quite rightly so. I knew when I stepped up to take over the club that the challenge of restoring Rangers to financial health after many years of living well beyond its means would be daunting. But I accepted it, both as a life-long Rangers fan and as a businessman with experience in turning round companies in distress. The decision to call in the administrators was painful but it was the right thing to do. They have promised to publish a full report as soon as possible and I very much welcome that. In spite of the endless speculation and attempts at character assassination by certain sections of the media, I am 100% confident that the administrators' report will prove that every penny that has come in and gone out of Rangers has been properly accounted for. And I wish to state categorically for the record now that I personally have not taken a single penny out of Rangers since I became chairman and have paid all my expenses from my own funds. Today I learned that my predecessor, Alastair Johnston, has urged the Crown Office to order an investigation into my takeover of the club. Again, I have absolutely nothing to fear because any fair investigation will prove that I have always acted in the best interests of Rangers and been involved in no criminal wrong-doing whatsoever. While the administrators get on with their work, it is only right that they are given the time and space they require to complete their task. That is why I have decided to take a step back from events so that I do not become a distraction to either that process or to Ally McCoist and the players. Regrettably, I will not be attending tomorrow's match against Kilmarnock. Although I would dearly love to be at Ibrox for the game, my priority is, and will continue to be, to assist the administrators in any way I can to bring this process to as speedy a conclusion as possible. Painful though it is for all concerned, administration now gives Rangers a fighting chance - a welcome breathing space - to fix major structural problems that will allow the club to grow and prosper again both on and off the field. So I send Ally McCoist and the team my very best wishes for tomorrow. And I will end by simply saying to Rangers fans: I know that tomorrow you will prove why you are the best football fans in the world. Statement from joint administrator David Whitehouse of Duff & Phelps: CRIAG WHYTE has co-operated with us since our appointment as administrators and we believe his announcement brings further stability to the situation as we conduct the administration of Rangers' business. As administrators we will continue to ensure the Club's business is run seamlessly as a plan to exit administration is developed. Full statement posted 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted February 17, 2012 Share Posted February 17, 2012 Told you , this is the start of the Whyte era and the beginning of a new tomorrow 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted February 17, 2012 Share Posted February 17, 2012 http://www.rangers.co.uk/news/football-news/article/2614559 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted February 17, 2012 Share Posted February 17, 2012 Whyte is stepping down as chairman! Does he say that? I've read it and can;t see it 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted February 17, 2012 Share Posted February 17, 2012 Yeah I think I've missed that part too 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted February 17, 2012 Share Posted February 17, 2012 Well there you go step up and pay somebody. Say what you like about the guy but he's actually done the right thing this time. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted February 17, 2012 Share Posted February 17, 2012 Not resigned as Chairman. 0 Quote Link to post Share on other sites More sharing options...
biggordy 0 Posted February 17, 2012 Share Posted February 17, 2012 Anybody else think the 24mill went to bail out Pritchards. Do you not think the £24m was taken out of the equasion to prevent HMRC or any other creditor get their hands on it. ie. before the bailiffs arrive, you take the best silver round to yer mams oot the road only for it to reappear once the dust settles. Just saying. 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.