SM
Ipswich vs. Man United: 13 hrs 4 mins
Upcoming predictions and previews

Craig Whyte speaks out on administration plans

:Headline: Craig Whyte speaks out on administration plans: ID:16475: from db_amp
Rangers chairman Craig Whyte believes that he had little option but to submit plans for the club to enter into administration.

Rangers chairman Craig Whyte has admitted that he had little option but to submit plans for the club to enter administration.

Whyte has also revealed that he made the decision with the club's long term future in mind.

"Since I took over the majority shareholding of the club in May last year, it was clear to me the club was facing massive financial challenges both in terms of its ongoing financial structure and performance and the potential consequences of the HMRC first tier tax tribunal," Whyte said in a statement.

"I have taken the decision that the most practical way to safeguard the long-term future of the club is to go through a formal restructuring process.

"It may still be possible to avert this but that is not the most likely way forward."

Rangers will be handed an automatic ten-point penalty if they enter into administration.

amp_article__16475 : Database Data restored...  : 
last updated article - 2012-02-13 22:30:52:
html db last update - 2012-02-13 22:30:52 :

ex - 7200 : read : read cache amp html

Click here for more stories about Craig Whyte

Click here for more stories about Rangers

Share this article now:
Read more about Craig Whyte Football
Recommended Next on SM
Premier League Table
TeamPWDLFAGDPTS
1Celtic1211103543134
2Aberdeen12101125121331
3RangersRangers12723179823
4Dundee UnitedDundee Utd135531914520
5Motherwell126151616019
6St Mirren145361923-418
7Dundee134362225-315
8Ross County143651222-1015
9St Johnstone144191727-1013
10Kilmarnock133371526-1112
11Hearts142391524-99
12Hibernian131571222-108
Scroll for more - Tap for full version


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
AL
Sign up for our FREE daily preview newsletter direct to your inbox!

Loading ...

Failed to load data.



. . . . . . . . . . . . . . .