Rangers chairman Alastair Johnston has assured fans it is "business as usual" following the announcement the club is no longer for sale.
Ibrox owner Sir David Murray took the Scottish champions off the market earlier this week following months of speculation over a buy-out. A takeover had appeared imminent when a consortium fronted by London-based property developer Andrew Ellis told the stock exchange they were in "advanced negotiations" to buy a controlling interest in Rangers.
That deal will not happen after Murray revealed he is no longer actively seeking a buyer - a move which Johnston believes will bring some stability to the Glasgow club. He said: "I must emphasise to our fans that it is business as usual, and acknowledge that the board is very appreciative of their patience and support over recent months relating to the uncertainty of its future."
He added: "Prolonged periods of speculation are disruptive to any business, let alone a football club, and stability is something the board now welcomes, albeit investment is still desired.
"Having said that, I want to re-emphasise, as we have previously stated, since the end of the season, Rangers has pursued a strategy that did not rely solely on an ownership change in order to create a funding mechanism to support our operations going forward."
Johnston confirmed plans to strengthen the playing squad ahead of the new season remain in place, after Walter Smith and his backroom staff signed new deals last month.
He told www.rangers.co.uk: "The executive management team worked expeditiously to formulate a business plan that was acceptable to Lloyds Bank which ensures the ongoing financial underpinning of our operations.
"This facility will allow us to enhance our playing resources in the next few weeks and has already allowed us to conclude agreements with the football management team of Walter Smith, Ally McCoist and Kenny McDowall.
"Our chief executive, Martin Bain, and football team manager, Walter Smith, will continue to run the club reporting to the Rangers board, which in turn is responsible for protecting and representing the interests of all stakeholders in the club, especially our supporters who provide the lifeblood to energising our future ambitions."
Source: PA
