Rangers chairman Sir David Murray insists there will be no mass exodus from Ibrox during the transfer window.
Rangers chairman insists club will not part with top stars
Rangers chairman Sir David Murray insists there will be no mass exodus from Ibrox during the transfer window.
With SPL top scorer Kris Boyd seemingly poised to join Championship outfit Birmingham and speculation continuing to surround the future of skipper Barry Ferguson, reports had suggested that the club would be forced to part with a host of their top talent in January.
Murray admits that departures are inevitable as the Gers struggle, along with the rest of the world, to fight off the global credit crunch.
However, he insists that rumours linking Ferguson, Madjid Bougherra and Allan McGregor with imminent moves to Newcastle are unfounded.
"We have no intention of selling Allan McGregor, Barry Ferguson, Madjid Bougherra or anybody else. There is no pressure to do so from me or the banks," Murray said.
"People are asking how bad is it at Rangers?
"If we did not take this action, it could have been bad, but there are far worse situations developing around us and I will not allow it to spiral again. Rangers have to be run on a sound fiscal basis.
Budget
"We did not budget for losing to FBK Kaunas (in the UEFA Champions League qualifiers), we have a squad of 28 players and we simply cannot sustain the level of outgoings compared to what is coming in.
"You cannot choose who you may wish to put out the door because it is dependent on offers coming in. We received an offer for Kris Boyd and we felt he was a saleable item."
The sale of Boyd is reported to have hit a stumbling block, with the player believed to have failed to agree terms with the Blues, but Murray is keen to see the deal go through as he looks to bring much-needed finance into the club's coffers.
"I want to square the books and it was my decision to do so, with the approval of the manager, whether it involved Kris Boyd or anybody else," he said.
"There has been no pressure from the bank, none whatsoever; how can there be if we do not know who is taking over HBOS?
"Kris Boyd has been a debate for years but you are not always able to dispose of a player you want to when you want to.
"We need to get the costs down and with the greatest respect, even if we kept Kris Boyd I do not think there would be any guarantees this season."
