Rangers say no threat to club over debt dispute
LONDON (Reuters) - Former Scottish football champions Rangers have dismissed fears that the club could face a new battle for survival over a disputed bill.
One of the best supported teams in British football, Rangers have had to relaunch from the fourth tier of the Scottish game after their parent company was liquidated last year.
Britain's Channel 4 News reported that Singapore-based Orlit Enterprises was planning to go to court to seek a winding-up order against Rangers over disputed invoices for 400,000 pounds. The bill was for help in finding investors to rescue the club last June, the report added.
"With regard to stories circulating about Rangers and Orlit, the sums sought are insignificant and agreement has been reached subject to the necessary paperwork," Rangers said in a statement on its website.
"Rangers Football Club is capable of meeting any debts presented legitimately and we would like to stress to our supporters there is no threat to the Club whatsoever," it added.
Rangers raised 22 million pounds when they listed on London's junior AIM stock market in December.
The club is currently top of the third division in Scotland but has been caught up in a dispute over plans to restructure the Scottish game that could still leave it languishing in an enlarged bottom division.
(Writing by Keith Weir, Editing by David Cowell)
- Tweet this
- Share this
- Digg this
- Putin admits Russian forces were deployed to Crimea
- Three dead in east Ukraine, Putin warns of 'abyss' |
- Search for Malaysia jet refocuses on drone scans of sea floor
- Divers struggle in search for South Korean ferry survivors |
- India holds biggest day of voting with Hindu nationalists gaining strength