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Rangers turn down fans' loan offer of £500k - for now

By Andy Newport

Published 08/01/2016

Rangers' Andy Halliday is sent off for headbutting Hibernian's Fraser Fyvie
Rangers' Andy Halliday is sent off for headbutting Hibernian's Fraser Fyvie

Rangers insist they did not approach a supporters group looking for a £500,000 loan - but admit they may consider the offer in future.

Fan-ownership campaign group Rangers First (RF) announced yesterday it would poll its members on a plan to lend the club the six-figure sum.

RF officials hope the unsecured loan would eventually be converted into shares once the Light Blues regains its stock market listing.

But in a statement, the club insists it is not currently looking for fresh funding.

It said: "Rangers International Football Club plc note Rangers First's decision to seek approval from its members to offer the club a loan of £500,000.

"The club is not considering further loans at this time beyond what has already been committed and announced.

"However, any offer from Rangers First will be considered as part of any future fund raising. Rangers remains committed to forging even closer links with supporters and the club is working on a new initiative to make this possible.

"It is hoped all of the club's fan groups, including Rangers First, will participate fully in acquiring a larger stakeholding in the company and this initiative by Rangers First could be incorporated into such a proposal.

"It should also be understood that Rangers First was not approached by the Club for funding and had no discussion whatsoever with the chairman, Dave King, that their funding, if accepted, would be matched by Mr King."

Rangers announced in their annual report in November that they would require £2.5million to see the club through to the end of the season, with "further funding" also needed next term.

Meanwhile, Gers midfielder Andy Halliday has had his red card against Hibernian reduced to a yellow.

Halliday was sent off for violent conduct by Bobby Madden after barging into Fraser Fyvie during Rangers' 4-2 Ladbrokes Championship win on December 28.

But Fyvie was later banned for two games for simulation after holding his head in the immediate aftermath despite the contact being chest to chest.

Accrington manager John Coleman has accused Josh Windass and Matt Crooks of being "disrespectful" to Stanley fans following their reaction to securing summer moves to Rangers.

Rangers announced on Wednesday the pair have signed four-year contracts that will start in July, but they remain available for selection to Coleman.

Coleman told Accrington's website: "I don't get embroiled in social media but I do think going on and seeing the players had tweeted about 'buzzing to play for a massive club' is disrespectful to our fans.

"Our fans have backed them through thick and thin and I do think there should be more respect in place.

"When I became a manager, my ethos was always to treat players how I would want to be treated and I just wish there had been more communication from the players to myself."

Belfast Telegraph

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