19 May 2010Ellis hits back at Rangers chairman's criticism

Football Clubs News | Football Finance News

English property developer and prospective Rangers owner Andrew Ellis has issued an indignant response to comments made the Ibrox club's chairman, Alistair Johnston.

Speaking to the Times earlier in the week, Johnston had expressed doubts over whether Ellis's bid would come to fruition and said the process had "gone on way too long", but Ellis insists he still intends to attempt a buyout.

The tycoon explained that there are "a lot of things to go through" before a final offer can be made, adding: "What you have to remember is that Rangers is a massive club, it is an institution."

Ellis said he would be "happy" to hold face-to-face talks with Johnston when he is next back in the UK, but admitted that he "wasn't very happy" when he first learned of the Rangers chief's discontent.

A report in the Scotsman on Monday (May 17th 2010) claimed Rangers' debt will be increased to £80 million if they are forced to pay an additional tax bill to HM Revenue and Customs.

Written by Terry Mitchell

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