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Ibrox chief executive reveals that all arrears owed to other sides by the club's former owners have now either been cleared or agreements put in place

Rangers chief executive Charles Green has confirmed that all debts owed to Scottish clubs by the Glasgow club's former owners have now been cleared.

The 59-year-old businessman from Yorkshire was left seething after being accused of leaving clubs out of pocket, while splashing money on players by callers of a Scottish radio show.

He insisted the Third Division club, who opened their league campaign with a 2-2 draw against Peterhead on Saturday thanks to a last-gasp leveller from Andy Little, had settled debts with Dunfermline, bitter rivals Celtic and Dundee United.

Rangers have also agreed to pay Hearts next July for the transfer of Lee Wallace.

The Ibrox chief revealed on the club's website: "As of now, Rangers do not owe other Scottish clubs a penny."

"These debts were incurred prior to the club going into administration and there was no obligation on the consortium buying the club to pick them up.

"From the outset, I have made it clear that I firmly believe the correct thing for the club to do is settle these football debts as a priority and we kept our word.

"That is what we have done and substantial funds were lodged with the SFA 10 days ago to be discharged to settle the outstanding debts.

"Furthermore, the club was given a written commitment from the SPL in May that it would settle an outstanding debt to Dundee United," he confirmed.

"It was frustrating to be informed by the SFA several days after they received the funds that they did not wish to be a 'clearing house' and in fact wanted us to settle the debts directly.

"Arrangements were then put in place by the club."

Rangers boss Ally McCoist had already snapped up Dean Shiels, but their treble swoop for Kevin Kyle, Fran Sandaza and Emilson Cribari inside 24 hours had infuriated some callers.

Frenchman Sebastien Faure and Brazilian Andre Moritz have also been training with the club, who need to finalise their squad by August 31st before a 12-month transfer embargo is placed on the Scottish giants.

And Green said there will be further recruits ahead of the ban.

He continued: "I will be further supporting Alistair with more signings he wants, so there shouldn't be a problem upsetting anyone now.

"We have other targets lined up. There will be more players coming into the club before deadline day but I can’t say who they are because I can’t pronounce their names.

"And there will be more players leaving the club."

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