Rangers newco: Charles Green in talks with Uefa over £3m debt to European clubs

Published on 17/07/2012 10:00

RANGERS chief executive Charles Green is travelling to Zurich in an attempt to negotiate with Uefa a settlement to repay £3million of debts owed to European clubs.

• Charles Green travels to Switzerland to discuss debt to European clubs

• Rangers chief executive: ‘We want to be honourable’

• Fans can own up to half of Ibrox club in shares, Green claims

Rangers are set to start the new season in the Third Division and they are currently speaking with the Scottish Football Association for the newco to gain membership of the governing body.

Green has revealed he will travel to Athens to secure a friendly against Olympiacos at Ibrox before moving on for talks with UEFA.

He told Sky Sports News: “Part of the conditions for the newco to meet to satisfy SFA membership is that there are certain old club debts to European clubs.

“It is not inconsiderable, it is about £3million that has been accumulated as part of the historical baggage.

“These are oldco debts newco has got to face up to and this is the frustration we’ve had as a group where at times we are newco so we have to sit in this particular box.

“However when it is convenient we are still oldco so we have to suffer the sins of the fathers.

“Nevertheless what I want to go and say to these clubs as well as Uefa is that we are here for the long haul, we want to be honourable, we are people who face up to responsibility but we want some help in meeting these because we do want to get Rangers back to the top of the pile and when we do get back into Europe - whether it’s five or 10 years or 20 years - we want to walk back with our heads held high.

“We don’t want them to be waived, we don’t expect them to be waived and part of me says why should a club waive its debts when it’s done its thing honourably.

“Equally I think I would like the clubs and Uefa to recognise these are not my debts, this is a gesture and for them to work with us where we can come to some amicably agreeable settlement and move forward together as friends.”

Green also believes there has been a change in attitude from the fans towards him and revealed they can ultimately own up to 50 per cent of the club.

“I am trying to do a job that rescues Rangers for the fans and for the people who own this club.

“They can own up to 50 per cent of this and again if fans choose not to buy shares then that is their right.

“The opportunity is there, we will have fulfilled our promise to fans and that is the next step.”

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