A YEAR of turmoil has ended with Rangers "on the way'' back, according to Charles Green, the chief executive of the club.

The Yorkshire businessman was speaking on the first anniversary of Rangers' descent into administration and subsequent liquidation.

Green, who headed the consortium which took over the Ibrox club, was typically bullish in predicting the future for Rangers.

Loading article content

He told the official website: "As a club, we are not just ready to move on – we have moved on.

"The successful flotation of the club on the Alternative Investment Market was the biggest single step on the road to recovery.

"The fact that our business could attract in excess of £22m of investment in a challenging economic climate was heart-warming testament to the belief of investors, from City institutions to individual fans.''

As the spectre of Craig Whyte, the previous owner at the time of the administration, was raised in an interview with Sky Sports, Green insisted the club had "very sound financial foundations for the future''.

He also raised the prospect of "pursuing avenues where our financial security can be developed and enhanced''.

He praised the work of Ally McCoist, the club manager, who seems certain to lead Rangers to the Irn-Bru Third Division championship.

"Given the events of the last year, Ally McCoist deserves everyone's full support as he and his team continue to make the Rangers team strong again,'' said Green.

"Finally, the most outstanding feature of the last year has been the Rangers fans themselves. Nothing could have prepared me for what I have seen at Ibrox and around the world.

"Loyalty is an overused word but the attitude of Rangers supporters in the last 12 months to the club they love has been the true essence of loyalty and humbling to witness.''

McCoist, who has watched his side build a 22-point lead in the league but faced both criticism for performances and cup exits, said he was "content" with the way the season has panned out so far.

In an interview with Sky Sports, he said: "As a manager, I would probably say I would be content with where we are at the moment. Not overly happy and certainly not delirious but not too downbeat.

"By that, I mean the lads have done very well in the league.''

He added: "It would be a thoroughly deserved title, it's not there yet, there is still a lot of football to be played but, obviously, that is the target. It would be the first rung in the ladder.''

However, he emphasised the club had "a long way to go''. He added: "We won't sit back until we are possibly back in the top flight where we want to be and, indeed, the possi-bility of playing European football again."