http://www.google.com.au/url?sa=t&rct=j&q=on%20fields%20of%20green%20scottish%20football%20living%20on%20a%20prayer&source=web&cd=1&cad=rja&sqi=2&ved=0CE8QFjAA&url=http%3A%2F%2Fwww.onfieldsofgreen.com%2Fliving-on-a-prayer%2F&ei=g94YUeX9KazMmgWmxICIAg&usg=AFQjCNEMDF3OEngry67R-n5uI3ai7GXHvQ spoke to a sevconian who is the secretary /treasurer of a sevco supporters club he agreed to read the on fields of green /living on a prayer article.(apologies if link isnt posted correctly) this is his reply.
lots of conspiracy theories in there mate and lots of fanciful claims about things that Green has supposedly said that no one else has ever heard him say.

The reality is that as the club is now publicly listed, the accounts are available to anyone to download and any statements that Green makes have to be truthful. any deviation from either of those two positions can land him in jail. so claims that the club is hiding its financial situation are themselves fanciful.

and if you look at those statements – you can download them too – you see that Rangers is not about to collapse again. We sold 38,000 season tickets – more than your club – we have $20m in the bank and not one single secured debt… and how can we blow the cash? we can’t even buy players until August! I’ve never heard him say we were going to make $100m a year in revenue. Where’s the evidence of that?

and as for the $400k debt from Singapore, Green has dealt with this publicly on numerous occasions. His view is that what the mob is asking for cannot be substantiated, so he has told them to jump. Seems like a fair position to me, though I have to wonder why he only contracted with them on a handshake.

Green has made no secret that he wants to commoditise every aspect of the club. Selling the naming rights to Ibrox is one such step. I don’t see this as controversial or somehow indicative that the club is about to collapse again. Last time I checked, Arsenal are doing very fine and they have Emirates Stadium.

The other thing that needs to be remembered is that Rangers ought not have gone into admin to begin with. Yes, Murray produced the situation where we were leveraged to the hilt and the charlatan Whyte used this to extract whatever value he could and run. No other owner would have done this. It was the perfect confluence of opportunity and motive. That’s all. With a person like Green in charge 12 months ago he would have pared back expenditure – possibly leading to a few years of running second in the league – but we would have emerged more stable at the end of the process. Administration was very much avoidable. So why would it happen again? oh dear…