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McCoist eager to avoid liquidation

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30 Mar 2012 16:46:44

McCoist eager to avoid liquidation

Ally McCoist can understand why a new owner of Rangers may want to liquidate the business.

But the Ibrox boss has voiced his strong opposition to the option of winding up the 140-year-old club and reforming as a new company. Reports have suggested some of the parties interested in a takeover of the Scottish champions could opt for liquidation if they assume control.

But McCoist said: "Liquidation would not be my preferred option as a supporter and indeed as the manager of the club. The best way to put it is, if I was sitting here as a businessman, it might be the way ahead. But sitting here as a supporter, with a love of the club, it wouldn't be the preferred option."

He added: "I can totally understand the business angle and it probably would suit a lot of business-minded people."

McCoist believes administrators Duff and Phelps share his own view that exiting administration via a Company Voluntary Arrangement (CVA) is the best option for Rangers.

He added: "The administrators want to get the club out of administration, they want to hand the club over to a new owner to take the club forward.

"I'm absolutely certain of that. I've spoken to the administrators enough to know that's what they want."

Asked if he was confident they would not sell to a new owner who would then liquidate the company, McCoist answered: "Am I confident?

"I really can't tell you what's going to happen in the future.I can only tell you what I would like to see happen in the future and how I believe the administrators are working.

"They've got nothing other than the club's best interests at heart, I'm absolutely 100% sure about that. Where it takes us, we will just have to wait and see."


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