GRAHAM WALLACE has moved once again to allay fears Rangers are heading for administration by categorically denying that will happen.

Speculation suggesting the club is heading in that direction just two years after that previously happened at Ibrox has been lingering in recent weeks.

But Wallace, speaking as he launched Gers’ new ‘Ready to Listen’ fan engagement initiative, insisted that isn’t the case.

The chief executive is currently conducting a 120-day review of the entire business as he tries to put a structured plan for the future into place.

At the halfway point of that, he remains confident of piecing together a sustainable model for the Light Blues can follow successfully in the long term.

Wallace told RangersTV: “I think it’s important to say the board, myself and the executive team are working very hard to rebuild the club.

“We are now midway through our 120-day review which is looking at every area of the business.

“What I categorically can say to all Rangers fans worldwide is that there is no threat of a second administration.

“Sometimes it is difficult to come out and rebut every element which appears in the Press in terms of potential administration.

“Let me put that to bed once and for all. We are absolutely focused on the long-term sustainability and success of Rangers Football Club.

“Supporters should not be concerned by some of the ill-informed comment they are reading. We are working our way through the business in a very logical and organised fashion.”

Rumours have also been circulating that Wallace is contemplating his own future at the club and considering quitting his post.

But three months on from his appointment in November, he has also dismissed that idea as he focuses instead on getting Rangers on the right track. 

Wallace added: “I knew exactly what I was getting into when I agreed to come and join the club and my position today is no different from then.

“I am working very hard seven days a week and the board are standing alongside me working very hard too.

“There is a lot of hard work going on behind the scenes and we are all totally committed to the long-term success of this club. There is no threat of people walking away.”

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