Rangers takeover: Administrators to cancel arrangement with Ticketus

RANGERS new owner-in-waiting has confirmed that administrators Duff and Phelps have written to Ticketus to cancel their arrangement to sell future season tickets.

• The London-based firm, Ticketus is owed £27 million by Rangers

• The Ibrox club could face potential debts of £134 million if it loses what is commonly known as the ‘big tax case’ with the HMRC

It was revealed earlier this week that former Rangers chairman Craig Whyte gave personal guarantees to Ticketus over the capital issued on the basis of future season ticket sales.

Rangers face potential debts of £134 million if it loses what is commonly known as the ‘big tax case’ with the HMRC, which is worth an estimated £75m alone.

Charles Green, who is leading a consortium of about 20 peole to buy the Ibrox club, has pledged not to raise ticket prices after a meeting with fans representatives.

“During the last week I have had a number of meetings with supporters’ representatives who have raised important issues about the club and the way forward ,” Mr Green said.

“I have listened to them and a key issue raised with me was the season ticket pricing for next season.

“My initial thoughts prior to these meetings was that season tickets prices should be increased as they had not been raised in the last three years.

“However, taking on board the fans’ concerns, I can confirm that when my consortium completes the purchase of Rangers and takes over the running of the club, season ticket prices will be frozen for next season.

“The club’s administrators have informed me they have written to Ticketus to terminate the agreement that is currently in place with the club and supporters can now take heart from the fact that season ticket sales will be as normal.”