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Daily Record
Daily Record
Sport
Mark McDougall

Gordon Smith shares his Rangers money fears as former SFA chief makes UEFA TV cash plea

Former Rangers director of football Gordon Smith admits he's worried about the club's finances during the ongoing coronavirus crisis.

The Ibrox side are yet to announce their stance on furloughing staff or cutting players’ wages while football waits on a return date during the COVID-19 lockdown.

Matters are complicated further with the Ibrox side in a state of flux after chairman Dave King officially exited the club on Friday to be replaced by Douglas Park.

And former SFA chief Smith - who served as a Rangers director under Craig Whyte during the club's financial collapse in 2012 - is fully aware of the difficult decisions awaiting his former side.

He told Sky Sports News: "It’s hard to say how the club is going.

"The chairman resigned last week and we knew he was going to resign, but we don’t know if there’s money there. There is talk that the finances are there, that there were people coming in with money, but with the wage levels Rangers have and no gate money coming in then it’s going to be quite tough for them to keep going.

"It’s only if they have a measure of money there in the bank that can keep them going over this period. It’s quite expensive for a big club like Rangers without the money coming in."

Scottish football largely relies on the income generated by supporters going through the turnstiles but Smith also wants UEFA to help teams across the Continent.

Douglas Park alongside Stewart Robertson and Dave King (SNS Group)

The 65-year-old wants the governing body to distribute TV money generated by the organisation's club tournaments to national associations, who can then provide a jolt to toiling clubs.

"Scottish football depends on the supporters. The gate money is a large part of the income for Scottish clubs, and that’s why this is causing problems.

"One of the situations you’ve got to look at is what can UEFA do. There are 55 countries in UEFA and UEFA have a lot of money because of the money they rake in from the TV companies so UEFA could give out money to the associations and then have it shared out to the clubs. If Scotland could get money in that respect it could be very helpful."

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