RANGERS’ OWNER AND chairman Craig Whyte will renew the club’s bid to get into the Premier League, in the face of possible administration if debts of £49m are not paid.
Whyte told the Daily Telegraph that he will actively seek to leave the SPL behind in a bid to keep the club strong, and even raised the possibility of running two separate teams north and south of the border.
The businessman admitted that administration – and a possible ten point deduction – is a possibility if a tax tribunal in November goes against the club.
“It is one of the possibilities we have looked at, yes. The choice, in terms of an adverse finding, is pretty obvious really,” he revealed.
He insists, however, that the club’s immediate future is secure.
“Whatever happens Rangers will be moving forward. I will not allow the club to go bust. I can control the debt process absolutely, and whatever happens Rangers is going to be there playing in the SPL at Ibrox.”
