MX23RW : Friday, September 21 12:23:03

Rangers owner Craig Whyte warns of financial cuts

Rangers owner warns of cuts
© PA Photos
Rangers owner Craig Whyte says that the club needs to cut costs ahead of a potential £49m tax bill.

Rangers owner Craig Whyte has warned fans that "significant" cuts will be needed to be made at the club if they are to move forward.

Whyte took over at Ibrox in May and had promised to inject money into the club.

Despite those claims, the Gers could be hit with a £49m tax bill next month, and the businessman is anticipating the need to save money.

"Costs have to be cut going forward," he told STV. "There's no doubt we have got some tough decisions to make.

"We've got a business plan going forward which does involve significant cost savings."

Whyte was the subject of a BBC Scotland documentary on Thursday night which alleged that he had continued to run a company despite being hit with a ban that restricted him from doing so.

Share this article now:
Ally McCoist
Read Next:
McCoist stands by owner Whyte
>

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!
Tables
TeamPWDLFAGDPTS
1Hearts5500112915
2Celtic531152310
3Livingston531164210
4RangersRangers522110558
5Hibernian52219638
6St Johnstone52215508
7Kilmarnock52126427
8Aberdeen513145-16
9Motherwell511369-34
10St Mirren511339-64
11Hamilton AcademicalHamilton510438-53
12Dundee5005211-90

Loading ...

Failed to load data.

Loading ...

Failed to load data.

Select and display your favourite team's news and scores in this panel
Login, I already have my ad-free pass
Log in to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account