Belfast Telegraph

Home Sport Football Scottish

Rangers boss Smith can see a silver lining emerge on Ibrox cloud

Walter Smith has welcomed news that confirmed majority shareholder Sir David Murray has begun discussions regarding a takeover.

Talks are under way with London-based property developer Andrew Ellis but the Ibrox boss believes there is still a long way to go before the Glasgow giants will have a new owner in place.

Murray stepped down as chairman in August 2009 and the club is currently working to a business plan with Lloyds Bank, with Smith and his backroom staff working without contracts in a bid to ease the financial pressure.

Smith, ahead of tonight’s game away to Kilmarnock, said: “Everybody here has worked in this uncertain period for the club. It's not been easy for anybody.

“Everybody gets affected by the uncertainty that's happened and

it would be nice if that's getting settled. But I think we've got a long way to go before we see that. There is a huge difference between someone declaring an interest in buying the club and actually doing it. That's the one thing we have to be careful with. I'm not on the business side of things but, from what I read about takeover bids for all different businesses, it doesn't seem to happen at the drop of a hat.

“There is a lot of work to be done before anything is completed so we will just have to wait and see what happens.”

Skipper David Weir was pleased to hear of the interest from former QPR director Ellis.

“It's good news I think,” he said.

“I wouldn't claim to be an expert with regards to the finances of a football club or how the club is best structured. But the fact that people are interested can only be good and hopefully we can get the club on a sound footing.”

Smith has not bought any new players since August 2008 and fans will no doubt be hoping that will change if a takeover goes ahead.

“He's not done too badly without any money,” said Weir.

“But I think the way football is going now, things are changing and you've got to adjust to the environment and cut your cloth accordingly.”

Belfast Telegraph


From Belfast Telegraph