The Union of Fans, a coalition of six Rangers supporters groups, has backed a call from former Ibrox director and South African businessman Dave King to withhold season ticket money for 2014/15 until assurances are given about the club’s future. They want the club to have a sound financial structure. The money would be held in a trust fund.
Last week Rangers were forced to take out a £1.5m million loan from two major shareholders to help pay for simply existing on a daily basis. There are fears that the club could face a second spell in administration.
The Union of Fans, a coalition of six Rangers supporters groups, has backed a call from former Ibrox director and South African businessman Dave King to withhold season ticket money for 2014/15 until assurances are given about the club’s future. They want the club to have a sound financial structure. The money would be held in a trust fund.
Last week Rangers were forced to take out a £1.5m million loan from two major shareholders to help pay for simply existing on a daily basis. There are fears that the club could face a second spell in administration.
Rangers’ ground, Ibrox, can seat 50,000 – around two-thirds of whom are season ticket holders – so this amount of money being withheld would be a significant blow. However, fans agree with Mr King’s assessment and are concerned about a lack of transparency in the club’s affairs.