Questions submitted to the Ibrox press office on January 11th 2018

 

Yesterday afternoon I submitted the following questions to the press office at Ibrox.

 

Can you confirm or deny that late last year a representative your club or a representative of your parent company Rangers International Football Club (RIFC) contacted several companies to access “invoice financing”?

Can you confirm or deny that one of these financial institutions was Bibby Financial Services?

Can you confirm or deny that the invoice financing that was being requested was regarding the potential add-ons for the sale of Joseph Garner and Martyn Waghorn?

Can you confirm or deny that this attempt to secure invoice financing from these companies was refused by all of them?

Can you confirm or deny that a decision was taken within your club and/or your parent company RIFC to seek quotes from licenced insolvency practitioners?

Can you confirm or deny that the quotes sought was for the role of administrator for RIFC and/or The Rangers Football Club (formerly Sevco Scotland Limited)?

Can you confirm or deny that the following companies were contacted (either formally or informally) and asked to provide said quotes:

Begbies Traynor, Johnstone Carmichael, MLM Solutions and 180 Solutions?

Can you confirm or deny that your club and/or parent company RIFC have agreed on a fee with a licenced insolvency practitioner for the services of an administrator?

Can you confirm or deny that the agreed fee for such services should not exceed £500k?

Can you confirm or deny that a planned insolvency event has been discussed by several directors of RIFC?

Can you confirm or deny that a representative of your club recently stated to Brighton and Hove Albion that your club did not have any money to pay for Jamie Murphy?

Can you confirm or deny that the initial offer to Murphy’s club was zero pound up front with the first tranche of £500k being paid in May 2018 when the season ticket money was in place?

Can you explain why your club has been unable to access an overdraft facility from a bank or a financial institution?

If I receive a response to any of these questions then I will publish it here.