Green: Gers finances fantastic

Charles Green has described Rangers’ financial position as

“fantastically strong” as he seeks to mastermind a return to the

Champions League.

The Irn-Bru Third Division club announced earlier this month

they would seek admission to the Alternative Investment Market of

the London Stock Exchange as they continue to realign their

finances following the liquidation of the ‘oldco’ club and the

acquisition of its assets by Green’s consortium for ?5.5million in

the summer.

Green, who hopes the process will be completed before Christmas,

insisted Rangers are in a sound financial situation and maintained

that links with Ticketus, who struck a controversial agreement with

former owner Craig Whyte, are in the past.

Chief executive Green told TalkSPORT: “Ticketus don’t have any

involvement whatsoever. They were involved with Craig Whyte, which

caused a problem, and previously to that David Murray used them

when he was running the club.

“They are no way involved. The season ticket money this year

came into the club and that’s sat in the bank.

“In our current financial year, which ends on June 30, we will

have had two seasons’ season tickets, because next year’s season

tickets will go on sale in May.

“By the end of June we’ll have collected, so I’ll have another

pile of cash before this (financial) year ends.

“Rangers is in such a fantastically strong position without the


Clarifying his use of “I”, Green added: “I am Rangers. I’m

running that club, I’m making the decisions and I’m going to

protect that club with my life. No-one’s ever going to abuse


“I’ve started to catch Rangers-itis. What I do see now is an

opportunity to finish it and take it back to greatness.

“I won’t leave before Champions League music’s playing at Ibrox.

But I’ve already changed my mind once, so it may be I end up

changing my mind until we win it (the Champions League).”

Green says the player wage bill has been cut from ?27million to

under ?7m and that Rangers are in rude health.

He added: “The club has got cash, it’s still got no debts. In

terms of the monthly requirements for cash, we can’t run out of


Green believes the flotation will only improve Rangers’


He added: “If you look at the valuations, Manchester United is

valued on the New York Stock Market at ?1.2billion. Everton is up

for sale at around ?300-400million.

“So as great as these clubs are, how can they be valued at those

amounts and Rangers at only ?30million? It’s inconceivable that

those values will remain.

“I got into trouble recently for saying that Aston Villa, and a

number of other clubs, make money because they are in the Premier

League, but they are not the drivers of that wealth and value.

“The reality is fans want to see the top teams play each other.

They want to see Bayern Munich play Barcelona, or Real Madrid play

Manchester United, and it’s those games that will drive the future

of football.”

Despite his optimism, Green would welcome support and has

invited former manager Walter Smith, who launched a late rival bid

for Rangers, to join the board.

Green said: “I’d like to get him (Smith) on the board, as an

advisor. He comes to the games.

“What Rangers need at the club now are people who understand

football, who understand Rangers and understand the culture.

“There isn’t anyone on the board at Ibrox now who knows anything

about football and that includes me. Someone like Walter would add

great value.”

He also denied Ibrox is for sale.

“The email and the blog I saw saying we’re going to enter into a

sale and leaseback of the Murray Park and Ibrox for eight and half

million pounds is absolute nonsense,” he said.

“We’ve got a valuation that’ll go into the prospectus valuing

all the properties in excess of ?80 million. This is just rubbish

put out by people who are trying to disrupt this IPO (Initial

public offering).”