Rangers: Talks over ÂŁ1.5m loan to aid running of club
Rangers are holding discussions with two major shareholders for a ÂŁ1.5m loan to aid the running of the Ibrox club.
In a Stock Exchange statement, the club said terms have yet to be finalised.
Earlier this month, chief executive Graham Wallace refuted "ill-informed and inaccurate" claims that Rangers were on the brink of insolvency.
The club reported a ÂŁ14m operating loss for the 13 months to June after ÂŁ22m was raised in a share issue in 2012.
BBC Scotland has learned discussions are taking place with Laxey Partners and the Easdale brothers James and Sandy.
The latter two hold positions on the boards of The Rangers Football Club Limited and its parent company The Rangers International Football Club PLC.
At December's Annual General Meeting, Wallace said the club faced "a significant number of challenges" but had a "platform of stability" to make progress.
In January, manager Ally McCoist signed off on a wage cut of about 50%, which he had agreed to in October, but players rejected a proposal of pay cuts of 15% until summer 2015.
The Scottish League One outfit received calls from concerned supporters and shareholders following online discussions regarding an impending insolvency event.
The concerns prompted a response from Wallace refuting the claims and insisting the club was continuing to rebuild.
A Rangers statement read: "The club wishes to make clear that these allegations are totally inaccurate and that the chief executive and board of directors are fully focussed on the restructuring and rebuilding of Rangers Football Club as previously announced.
"The club has decided to make this statement as unchallenged, ill-informed and inaccurate comments are damaging to the reputation of Rangers Football Club."
Financial expert Maureen Leslie told BBC Scotland that an attempt to raise working capital indicates the club requires assistance with general operations.
Leslie said Rangers supporters should be asking questions about where the loan will be spent and the club's board should be more open with its supporters and investors over its long-term financial plans.
"It's a matter of some concern, because by saying they're looking for working capital, that means they're looking for the money to assist them with the day to day running of the club," said Leslie.
"It's not for investment purposes, it's not to buy a player, for example: it's simply to keep them going and to meet their day-to-day cash requirements.
"It's a significant concern, I would suspect - they seem to be asking for this money for short-term needs. To look for such a significant sum to meet short-term requirements, I think, a Rangers supporter would be asking what the long-term plan is.
"It don't think it indicates that they don't have a plan, necessarily - but I would certainly be asking for details of what that plan actually is.
"If you use a short-term fix without a long-term plan, in my experience, that just leads you into difficulty."
Rangers have been examining various means of raising short-term capital over the past few weeks.
The company's annual report stated it had access to an unsecured facility of ÂŁ2.5m, though it remains unclear whether that has been used.
Eine einzige Schande dieser Verein. Lebt seit Monaten wieder weit über ihren Verhältnissen und brauchen nun eine Leihe um die Monatsgehälter zu bezahlen.
Die werden nie schlauer und das wird denen wieder das Genick brechen.
von Armin_Bhoy » Fr 31. Jan 2014, 18:26 
MARTIN O'NEILL - LEGEND 
