Following the outcome of the ballot of ‘Well Society members, the Club today voted to reject the transfer of an SPL share to a ‘Newco’ Rangers.
As we have stated previously, the situation has potential serious financial consequences for the club. It is a matter of huge regret that we are put at risk through no fault of our own but must work in every way possible to protect the club.
We will be asking our supporters to do whatever they can to assist the club in these extremely difficult time, further details will follow in the next few days.
As a club, we will wait to hear the outcome of the ongoing discussions between the games governing bodies before making any further comment.