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Smith delighted as Hutton snubs Spurs
04 January 2008
Defender Hutton was the subject of a bid of around £8million from the Barclays Premier League club, and Smith confirmed Rangers had "reluctantly" agreed to let Hutton leave, given the size of Tottenham's offer.
But the manager was relieved when the 23-year-old decided to reject the move on Thursday night and admitted: "From a footballing perspective this is good news."
Smith added: "We received a bid from Tottenham which was reluctantly accepted, but the player himself wants to remain at Rangers.
"He has been doing so well for us that we didn't want to lose him.
"We still have someone who has been one of our best players.
"It's pleasantly surprising in many ways. There are two things in football - the financial situation Scottish clubs find themselves in, and the footballing side.
"From a footballing perspective we don't want to lose Alan Hutton.
"The financial situation is something we need to take into consideration but we are just delighted the player is happy to stay at the moment."
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