Rangers owner Craig Whyte has assured fans that the club is “in control of their own destiny”.
Concerns over the club’s solvency were raised in the Court of Session in Edinburgh on Friday by Glasgow law firm Levy and McRae, which took action to secure payment of a £35,000 bill. Rangers later hit out at comments made during the hearing in a statement which described the concerns as “unfounded, unwarranted and nothing more than scaremongering tactics”.
The Scottish champions are also involved in two separate cases with Her Majesty’s Revenue and Customs, both relating to payments made before Whyte took over as owner from Sir David Murray in May.
The club have not paid a £2.8 million tax bill, but they are believed to be disputing a fine that goes with it. And an on-going tax tribunal, which could reportedly cost the club up to £49m, will resume in November.
Whyte said: “Lloyds’ debt has been paid off and we are in control of our own destiny. We accept that there are challenges ahead.”