Wallace pledges future to Rangers

The club announced that Wallace told Sevco chief executive Charles Green that he would report for the start of pre-season training on Thursday.

Aberdeen, Inverness and St Johnstone announced that they would oppose Green's application to join the SPL, doubling the confirmed objectors to six.

Wallace told www.rangersfc.co.uk: "When I arrived at Ibrox the support from the club, players and fans was fantastic."

"The fans showed great faith in us all during tough times and I still feel I have more to show them during the remainder of my contract."

"My partner is expecting our first baby soon and my priority is to my family."

"This gives me the incentive to improve my performance and ultimately win trophies."

Steven Whittaker and Steven Naismith announced over the weekend that they would exercise their right not to transfer to Green's company, which bought the assets and business of Rangers for $8.5 million.

Rhys McCabe and Sone Aluko have also indicated they will leave Ibrox.

But Wallace joins Lee McCulloch in deciding to stay despite the prospect of the new side playing in the third division.

The 24-year-old said: "My personal decision in no way condemns or judges those made by my fellow professionals as I believe each person has different circumstances and reasons which will determine the road they choose to travel at this particular time."

"I respect the decision taken by each individual player."

Wallace signed a five-year contract when he joined from Hearts in August last year in a deal worth $2.3 million.

However, Rangers Football Club will go into liquidation with Hearts still to receive $1.24 million of the fee and it is unclear whether Green's club will be forced to pay.