Rangers manager Ally McCoist admits he was 'shocked but not surprised' by revelations that owner Craig Whyte used the Ticketus money to complete his takeover of the club.
Whyte himself, and Rangers' administrators, this week confirmed that the £18million debt owed to Lloyds Banking Group was paid using some of the £24million from investment firm Ticketus, who bought rights to the club's future season ticket sales over several years. Whyte had previously indicated otherwise.
Asked for his reaction to the latest developments, McCoist said: "My reaction was shock but not surprise. Shock because it's obviously not a good situation but I would have to say not a surprise because all the journalists and newspapers were heading in that direction."
McCoist has not spoken to Whyte since before Rangers went into administration last Tuesday over an unpaid tax bill of £9million accrued since the takeover.
The manager was asked for his opinion of Whyte now and added: "Until I speak to Craig - if and when - I'll keep my own counsel on it.
"The most important thing is that I've got a job to do here and I'll continue to do that to the best of my ability.
"This is not the time or place for me to sit and say what's right or wrong or who did this right and who did that wrong.
"We are still in the middle of administration and some of the ongoings at the club, in terms of the purchase of the club and the sale of the club, are under investigation from certain people."
Administrators have handed a report on financial dealings surrounding the club to Strathclyde Police, who confirmed they were examining the information and would subsequently liaise with the Crown Office and Procurator Fiscal Service.
Meanwhile, McCoist confirmed Rangers will not be appealing against the Scottish Premier League's decision to block Daniel Cousin's registration as a result of the club's financial situation.
Source: PA
