Charles Green pledges not to sell or mortgage Rangers assets

Charles Green, new owner of Rangers.SNS Group

Charles Green's plans for Rangers do not include the sale and leaseback of Ibrox and Murray Park, according to the Rangers Fans Fighting Fund.

The former Sheffield United chief executive's prospective ownership consortium has pledged £8.5 million for creditors who will be able to vote on a Company Voluntary Arrangement (CVA) next week.

Representatives of the RFFF had a three-hour meeting with Green at Ibrox yesterday, where a wide range of issues concerning the consortium's proposal were discussed.

One newspaper report on Thursday claimed Green's consortium was prepared to consider all options to protect their investment. This included the sale and leaseback of the club's stadium and the training complex in Auchenhowie.

However, in a statement released through Press Association Sport, the RFFF said: "As agreed between Charles Green and the RFFF, certain business sensitive information cannot be disclosed at this time.

"The RFFF is, however, able to announce that it secured a commitment from Charles Green that he and his consortium will not be mortgaging nor disposing of any of the property assets of Rangers Football Club plc.

"There will be no arrangement whereby the football club will be required to pay any rental/leasing costs for the use of the property assets now or in the future"

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