Ally McCoist welcomes scrutiny of finances

RANGERS manager Ally McCoist has welcomed the increased scrutiny of the club’s finances following a year of off-field turmoil.

Rangers this week vowed to defend any claim from finance firm Orlit after confirming they have been in dispute with the Singapore-based organisation over an “insignificant” debt. Reports claimed the company could seek a winding-up petition over a £400,000 bill for services relating to investments made when Charles Green’s consortium bought the oldco Rangers’ business and assets in the summer.

The dispute has put Rangers’ finances under the spotlight again almost a year after the club was placed in administration, and subsequently consigned to liquidation. “I don’t think that’s a bad thing actually,” said McCoist. “Because of the recent history and going into administration just about a year ago next week, I’m actually delighted the finances of the club are being scrutinised. I don’t have a problem with it at all.

“I’m aware that it’s a natural thing, because of what’s happened, for the finances of the club to be scrutinised even more. As manager and as a supporter, I’m all for it and I would hope the fans would think it’s a good thing.”

On the Orlit dispute, he added: “It’s not my remit but, over the last year, I certainly know more about the financial situation within the club than most managers. What I’ve been told is, it’s not a great issue. I don’t really know what’s normal in business transactions but I believe there was a dispute and the dispute is just about at an agreement.

“That’s what I’ve been told. I’m not involved with it personally and I’m certainly not hands on in something like that. From what I’ve been told, it’s maybe been completely blown out of proportion. I certainly hope that would be the case.”