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SBD Global/October 11, 2012/Franchises

Club 9 Sports CEO Jon Pritchett's Criticism Sparks Fury From Rangers

Scottish Third Division Rangers Chair Malcolm Murray insisted that "his regime’s plan to restore financial fortunes at Ibrox is on course, despite warnings from an advisor to a rival bid to buy the club from administrators," according to Gavin McCafferty of the SCOTSMAN. U.S.-based advising company Club 9 Sports CEO and Operating Partner Jon Pritchett, who advised American businessman Bill Miller on his offer for the "oldco" club, wrote in Forbes that there was no return possible and stated, "I don’t think the Rangers math works." Responding in a statement, Murray 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. It does not take a genius to work out that costs needed to be cut at the club, and this has happened. However, we also have a plan to maximise commercial revenues and develop many areas of the club that historically were under-utilised" (SCOTSMAN, 10/10).
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