DCSIMG

Rangers board insists Ibrox will not be sold

Around 1,000 Rangers fans staged a march last weekend to demand the clubs home is protected. Picture: Robert Perry

Around 1,000 Rangers fans staged a march last weekend to demand the clubs home is protected. Picture: Robert Perry

  • by ANDY NEWPORT
 

Rangers’ board have again insisted they will not sell or lease off Ibrox in a statement released last night.

But the 200-word press release posted on the club’s official website failed to make any specific mention of their plans for the Murray Park training base.

Around 1,000 Rangers fans staged a march to the stadium last weekend to demand the club’s home of 115 years is protected by the board.

The organisers of the rally, supporters group Sons of Struth, demanded an undertaking by chief executive Graham Wallace and his fellow directors that the ground – which hosted the Commonwealth Games rugby sevens tournament at the weekend – would not be used for security on future borrowings.

Eight days after the march, the club responded by saying: “The Board is happy to reaffirm its position, which has never been a matter of debate, by confirming once again that it will not enter into any form of sale, securitisation or leaseback of Ibrox 
Stadium.

“This has been and still remains the Board’s clear and consistent position on this subject as it continues to protect and enhance the assets of the club.”

The cash-strapped Championship outfit have already admitted fresh income will be required over the next year to meet the club’s running costs. That comes after it announced losses of nearly £70million for the first 18 months after the club was reformed following its liquidation crisis in the summer of 2012.

A supporter boycott of season tickets raised fresh doubt but – without giving details of current sales levels – the board attempted to paint a positive picture. The statement added: “Season ticket sales are continuing throughout the next few weeks ahead of the start of the season and we are grateful to the thousands of supporters who have already bought for the 2014-15 campaign.

“Now is the time for us all to look forwards, together.”

 

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