Whyte ad­mits Gers are too skint to turn down £5m of­fer for Jelavic

Midweek Sport - - TONIGHT'S PREMIER LEAGUE ACTION - By DUN­CAN MCQUEEN

RANGERS chair­man Craig Whyte in­sisted there was noth­ing he could do to stop Ni­kica Jelavic join­ing Ever­ton.

Whyte ad­mit­ted the club sim­ply aren’t in a po­si­tion to turn down hard cash with fi­nances the way they are.

Jelavic took the chance to jump ship and move south when Rangers ac­cepted around £5mil­lion for the Croa­t­ian striker, who joined from Rapid Vi­enna for £4m in Au­gust 2010.

Whyte said: “The player wanted to leave and there’s no point in try­ing to keep a player who no longer wants to be at Ibrox.

“On top of that, the club is sim­ply not in a fi­nan­cial po­si­tion to turn down of­fers for play­ers which give

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the club a good re­turn on its orig­i­nal in­vest­ment.”

Whyte, who pledged a £25mil­lion boost to the play­ing bud­get over five years be­fore tak­ing con­trol, added: “In the sum­mer trans­fer win­dow last year we con­ducted 14 dif­fer­ent pieces of trans­fer busi­ness, more than any other club in Scot­land.

“This in­cluded new sign­ings and im­prove­ment to ex­ist­ing con­tracts with key play­ers, in­creas­ing the play­ers’ wage bill sig­nif­i­cantly. We now have a first team squad of 30 which in­cludes 18 full in­ter­na­tion­als.

“I’ve al­ways sup­ported Ally Mccoist in his choice of tar­gets and I’ll con­tinue to do so.”

Whyte has also been forced to deny us­ing sup­port­ers’ money to fund his takeover.

Re­ports had sug­gested more than £20m had been bor­rowed in lieu of fu­ture sea­son ticket sales.

He con­firmed that fact, but dis­missed claims that some of the money had been used to se­cure his deal to take con­trol from Sir David Mur­ray.

In an open let­ter on the club’s web­site, Whyte said: “Like other clubs, Rangers has a fi­nanc­ing ar­range­ment which al­lows the club to re­ceive rev­enue from a por­tion of sea­son ticket sales in ad­vance.

“There’s noth­ing un­usual in this ar­range­ment, which was put in place at the club long be­fore my takeover last year and was used by the pre­vi­ous man­age­ment.

“Money from sea­son ticket sales goes di­rectly to the club and is used for the club’s op­er­a­tions and that re­mains the case.”

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