Bill Ng lays out plan for Rangers.

[disgruntled_bear 157]

Peter A Smith ‏ @PeterAdamSmith

Bill Ng, talking through his reps, says "Investment in Rangers is for a cause. In any business, cardinal rule is economic sustainability."

Peter A Smith ‏ @PeterAdamSmith

Ng: "Given notion of Financial Fairplay by FIFA and SPL, this would be in line with the Asian way of businesses being run."

Peter A Smith ‏ @PeterAdamSmith

Regarding Ng's consortium: "It's made up of a balanced team of professionals of different strengths..."

Peter A Smith ‏ @PeterAdamSmith

Ng: "My consortium ranges from Financial Managers, Football personalities, Funders and Bankers." Names not given.

Peter A Smith ‏ @PeterAdamSmith

Ng: "We will instil a board of directors where majority are Scottish..."

Peter A Smith ‏ @PeterAdamSmith

Ng: "The board will be specialists from different professions, experiences and cultures to manage the club’s day to day operations."

Peter A Smith ‏ @PeterAdamSmith

Regarding success of foreign ownership in UK football: "There may be loss of directions due to new styles of management." #BillNg

Peter A Smith ‏ @PeterAdamSmith

Ng: "I would like to seek the understanding from fans of Rangers to allow us some time and we’ll deliver the results."

Peter A Smith ‏ @PeterAdamSmith

Ng's plans: "At at this point, I do not want to paint any picture to Ally McCoist before we can really talk about how to move forward."

Peter A Smith ‏ @PeterAdamSmith

Ng: "This is a time where Mr Ally concentrates on uniting the team, and we prepare for the financial and operational aspect for Rangers."

Peter A Smith ‏ @PeterAdamSmith

On financial future of #Rangers: "I believe a CVA is a way to ensure Rangers start afresh and emerge stronger without losing the history."

Peter A Smith ‏ @PeterAdamSmith

Ng: "Heritage of Rangers will stay in the years to come."

Peter A Smith ‏ @PeterAdamSmith

Big question for Bill Ng: Is it conceivable the club can avoid liquidation in the event a tribunal decides Rangers owes HMRC £50m or more?

Peter A Smith ‏ @PeterAdamSmith

Ng: "This is a multi-million dollar question to me..."

Peter A Smith ‏ @PeterAdamSmith

Ng: "From my understanding, the Admins have contacted HMRC and discussions are in progress...it may not be appropriate for me to speculate."

Peter A Smith ‏ @PeterAdamSmith

Ng's strategy: "In order to rebuild a team where the Club has gone into administration, it has to be carefully managed."

Peter A Smith ‏ @PeterAdamSmith

Ng: "It must be progressively sustainable and not rebuilt instantly and later decline gradually again."

Peter A Smith ‏ @PeterAdamSmith

Ng: "[Rebuilding instantly] would eventually lead to another down fall." #Rangers

After today's developments. Just a wee reminder of what was said the other day.