ian1964 10,409 Posted October 9, 2012 Share Posted October 9, 2012 (edited) RANGERS Football Club has today released the following statement. Speaking in response to an article by Mr Jon Pritchett (advisor to Bill Miller at the time of his bid for the Club) in Forbes magazine, Malcolm Murray, Chairman of Rangers Football Club, said: “The last time Mr Pritchett had sight of any financial information about Rangers was many months ago and, as a result, his article in Forbes Magazine is ill informed, misleading and scaremongering. “For the avoidance of doubt, there is no risk of the Club going into administration and any suggestion otherwise is scandalous and appears written to attract headlines. “Projections Mr Pritchett had sight of have not been relevant since May and from the day I became Chairman, I have been committed to ensuring this Club lives within its means and never again comes to the brink of collapse. “We have already secured significant investment in the Club from the individuals and organisations who are part of our consortium and the successful IPO later this month will generate many millions in additional revenue. “It does not take a genius to work out that costs needed to be cut at the Club and this has happened, with the first team wage bill being reduced significantly. However, we also have a plan to maximise commercial revenues and develop many areas of the Club that historically were under utilised. “It is my understanding that Mr Miller’s plans were based purely on cost cutting and little additional investment in the Club. “What is also clear from his article is that Mr Pritchett completely underestimated the loyalty and commitment of the Rangers fans. In addition to the 36,000 season ticket holders so far this season, the attendances at our home matches have surpassed many of the top clubs in England and the rest of Europe. “We have a clear plan to rebuild this great Club and believe that with solid business practices and the ongoing tremendous support from the fans, this will be achieved.” http://www.rangers.co.uk/news/headli...rray-statement Edited October 9, 2012 by Zappa 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted October 9, 2012 Share Posted October 9, 2012 Don't really see the need to issue a statement in response to the original article though perhaps it hit a raw nerve. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 9, 2012 Share Posted October 9, 2012 Don't really see the need to issue a statement in response to the original article though perhaps it hit a raw nerve. It probably hit more than one raw nerve to be honest. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted October 9, 2012 Share Posted October 9, 2012 PS forlan, I agree re: the need to issue a statement and that was the first thing that came to mind when I read it earlier myself! 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,231 Posted October 9, 2012 Share Posted October 9, 2012 I for one rather have the club react to such wrongful claims by one of the leading financial/business magazines. 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted October 9, 2012 Share Posted October 9, 2012 Good to see yet again that the new owners are standing up for the club. Dont give our detractors an inch for as we have found out in the past they will take ten miles. 0 Quote Link to post Share on other sites More sharing options...
mmckgers 4 Posted October 9, 2012 Share Posted October 9, 2012 I like how quickly we get the responses out against statements against us. Not too sure if we are a bit defensive over this though, which is worrying. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted October 9, 2012 Share Posted October 9, 2012 I like how quickly we get the responses out against statements against us. Not too sure if we are a bit defensive over this though, which is worrying. All the statement will achieve is to give the original article a far wider audience than the article actually merits. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted October 9, 2012 Share Posted October 9, 2012 We asked for the new people in charge to bite back, can't really complain when they have a bite at every little thing to pop up. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted October 9, 2012 Share Posted October 9, 2012 We asked for the new people in charge to bite back, can't really complain when they have a bite at every little thing to pop up. Yep, i'm pretty sure silence would be criticism as well. 0 Quote Link to post Share on other sites More sharing options...
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