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SBD Global/October 3, 2013/Franchises
Rangers $22.7M Financial Losses Lead To Meltdown Fears For Supporters Groups
Published October 3, 2013
NO CASH CRISIS: In Edinburgh, Stephen Halliday reported Rangers CEO Craig Mather has insisted that "there is no cash crisis at the Ibrox club and accused the current board’s opponents of using 'smoke and mirrors' to paint a bleak picture of its finances." But Mather said they have been misled by the “rebel” group of shareholders. He addressed "specific claims that both Ibrox Stadium and the Murray Park training complex are not wholly owned by Rangers." Mather: "My ultimate concern is that a lot of these fans are being lied to. There is no sale and leaseback on Murray Park or Ibrox. Categorically, that is not the case and the club isn’t running out of cash" (SCOTSMAN, 10/2).