Rangers owner and chairman Craig Whyte has denied reports millions of pounds destined for the club's accounts are missing.
Gers owner insists club funds are all accounted for
Rangers owner and chairman Craig Whyte has denied reports that millions of pounds destined for the club's accounts are missing.
The club's administrators, Duff and Phelps, previously hinted funds raised from future season ticket sales failed to reach club coffers and were instead paid to another of Whyte's companies.
Whyte has assured Light Blues fans all money due to the club has indeed 'been accounted for', something he believes the administrators will verify.
Clarity
"There will be absolute clarity from the administrators. There are no missing millions," he told
Sky Sports News.
"There has been some outrageous and malicious reporting, particularly in the Scottish media.
"I can assure Rangers fans that every penny going into the club has been accounted for and will be accounted for."
Gers' 10-point deduction for entering administration has effectively ruled them out of this season's SPL title race, but Whyte believes the club will emerge a stronger entity down the line.
Whyte has no plans to walk away from the crisis at Ibrox and is letting the administrators work as hard as possible to resolve the club's problems.
Contact
"I don't walk away from anything. I'm in regular contact with the administrators," he continued.
"I'm working as hard as I can to help resolve the issues and make sure Rangers come out stronger on the other side of this.
"I'm in regular contact with them (the administrators). I'm here to work with them and get the issues resolved.
"It's a huge challenge. I took that challenge on. I'm not walking away from it and that's what we're working on right now.
"Rangers are a massive business and brand. They've got the best supporters in the world and together we'll get through this.
"I've been a stand-up guy ever since day one when I bought Rangers back in May last year.
"I took on a club with huge financial difficulties. I've been working ever so hard to solve these financial difficulties.
"I would hope like every other Rangers fan that we get out of it (administration) as quickly as possible, but I can't put a timescale on that at the moment.
"Although we're going through a very, very painful process at the moment for all Rangers fans, it's a process that really is absolutely necessary and we will come out the other side of this as a stronger, more sustainable business."
Talks
Whyte has denied talk that he is not in regular dialogue with the club's administrators, although he did not divulge what had been discussed.
"I'm not going to go into private conversations that I have with the administrators at this moment in time," he said. "They're in there.
"They are working very hard to get through the many issues that have to be resolved to get us through to the other side. The administrators are working to sort the issues out and get Rangers out of the other side of this process.
"I said two weeks ago that this was the beginning of the end of the uncertainty that's been hanging over Rangers for years now.
"We're still in that process. It's very, very painful and we all feel it as Rangers fans. What I can say is that we will get through this and we will be stronger in future."
Whyte expects there will be more redundancies, but he was unable to put an exact figure on the number of departures.
"I'm not aware of exactly what the plan is
