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Rangers fans seek access to season ticket sales figures

 

Written by ANONYMOUS

 

A Rangers supporters' group has called for the club's board to reveal how many season tickets have been sold.

 

The deadline for renewals passed two weeks ago and the rate of sales is critical.

 

Directors have previously admitted that a drop in renewals would affect the business's ability to trade as a going concern.

 

The Union of Fans group has been urging supporters not to renew in protest against the current board.

 

Before the deadline, Rangers admitted that sales were slow and directors even met with members of UoF, a coalition of various different fan organisations, to try to broker a compromise.

 

UoF has been advising fans to pay their renewal money into the Season Ticket Fund, an initiative backed by former Rangers captain Richard Gough and former Ibrox director Dave King.

 

The intention was to only pay the money to the club in return for security over Ibrox Stadium and Murray Park.

 

It was claimed Rangers' chief executive Graham Wallace raised the prospect of the board offering legally binding guarantees not to use the property assets as security for loans or to sell them, but talks subsequently broke down.

The Union of Fans have urged Rangers chief executive Graham Wallace to reveal how many season tickets have been sold

 

The Union of Fans have urged Rangers chief executive Graham Wallace to reveal how many season tickets have been sold

 

When the club released their interim results in March, the directors acknowledged that a fall in renewals from last year's sale of around 38,000 would leave the business short of enough income to trade for the next 12 months, although Wallace has been adamant that Rangers International Football Club will not fall into administration.

 

A £1.5m loan from two shareholders - Sandy Easdale and George Letham - is due to be paid back as soon as that amount is raised from season ticket sales, but neither is thought to have received their money back yet.

 

"We urge chief executive Graham Wallace and the board to come clean about how many season tickets they have sold and how much cleared income in the bank these sales have provided," said UoF in a statement.

 

"If and when the cash figure reaches £1.5M, the board, as they announced to the Stock Exchange when the loans were negotiated, must immediately pay Sandy Easdale £500,000 and George Letham £1m.

 

"For the avoidance of doubt, if these loans have not yet been repaid, it means that the board have not yet secured £1.5m of season ticket money or they have broken the repayment terms of these loans.

 

"We would ask the board to make a clear statement of the number of fans who have renewed to the AIM market in order that supporters and shareholders can rely on the accuracy of the figure given.

 

"This is a matter of grave concern for shareholders and supporters alike and we also believe it must be something which is being monitored by auditors, Deloitte.

 

"When we met Graham Wallace on 14 May, he once again reiterated that there was 'no possibility of administration'.

 

"We would therefore ask him to make it clear how the club plans to operate at what we believe is a greatly reduced level of season ticket sales."

 

http://www.bbc.co.uk/sport/0/scotland/27651399

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Have the uof announced exactly how much has been pledged or deposited or whatever the arrangement is , in the King gough thingy ma jig? How many ticket sales does it represent?

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From the Express:

 

"Estimates of season tickets sold range from 10,000 to around 18,000, but until a definitive figure is given out by Rangers it is all guesswork."

 

http://www.express.co.uk/sport/football/479508/Rangers-fans-rage-over-boards-silence

 

They've forgotten the "source close to the board" and the 20,000 number. :facepalm:

 

"Spin not Scout"

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Have the uof announced exactly how much has been pledged or deposited or whatever the arrangement is , in the King gough thingy ma jig? How many ticket sales does it represent?

 

I would imagine the number is very low indeed as it has been branded a non-starter by those in charge of our club, whoever they are. the answer to your question might of some interest but only academically since the board turned down all hope of security over Ibrox or Auchenhowie being granted.

 

Also it is not a pre-requisite that your question re this matter is answered before the club answer the one re season ticket sales figures. It is, in other words, a different question that does not answer the question the thread title relates to, nor necessitates silence on it. I must admit to being far more interested in the club's status, though if someone were to start a separate thread on the "King Gough thingy" sales, I would read that too.

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Have the uof announced exactly how much has been pledged or deposited or whatever the arrangement is , in the King gough thingy ma jig? How many ticket sales does it represent?

 

The numbers that should interest the Board are the thousands who have not renewed. That should be their concern, and the question they should be asked is why are you not doing more to promote sales?

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Just asked the question as i would imagine the uof do not want to play their hand in public just as the club do not . I suppose the uof could rise above that and declare full extent of support or be caught in the trap of keeping info secret for business reasons, as many businesses, inc rangers, do. However that is often called a " lack of transparency" .

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Just asked the question as i would imagine the uof do not want to play their hand in public just as the club do not . I suppose the uof could rise above that and declare full extent of support or be caught in the trap of keeping info secret for business reasons, as many businesses, inc rangers, do. However that is often called a " lack of transparency" .

 

If the UoF did release a number, what use would it be to anyone when there is no comparitive figure from a previous season?

 

I understand that you are only trying to muddy the waters, but you really should think things through prior to hitting the keyboard.

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