30 Apr 2010Rangers finances improving, owner claims

Football Clubs News | Football Finance News

Rangers owner Sir David Murray has blasted his critics for painting an overly negative picture of the club's financial situation.

Despite winning their second consecutive Scottish Premier League title last week, deep-seated concerns still surround the Ibrox side, whose debt is estimated to stand at around £30 million. However, Murray has strongly denied that Rangers are in imminent danger.

Speaking to the Daily Record, the majority shareholder said: "Rangers' debts continue to fall and this club will make a profit next year. That's a remarkable turnaround."

Glaswegian businessman Douglas Park had insinuated that no takeover deal could be reached because HM Revenue and Customs was poring over Rangers' books, but Murray has accused Park and other detractors of scaremongering.

Earlier this month, manager Walter Smith commented that the ownership question must be resolved if his side are to avoid a difficult season on the pitch next term and expressed dismay at the "continuous downsizing" facing Rangers.

Written by Tom Jenkins

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