FANS have called for a major overhaul in the running of Rangers after it emerged a supporter boycott has caused existing season- ticket renewals to slump by nearly 50% in a year. The club confirmed there were 17,000 renewals in the run up to the opening of the public sale, a drop of 14,000 on last year.
The revenues raised from the season tickets have not been enough to pay off a pound(s)1.5m working capital loan from the football club chairman
Rangers' 120-day business review warned that, should the club suffer a "substantial decrease" in season- ticket income in the next two months, it would be "unable to trade in the short term" without seeking additional external funding.
The club insisted, however, that the level of renewals and pricing of season tickets reduces the requirement for short-term funding and said the business review showed the club would be looking to raise capital this year.
Earlier this week it was suggested that
In his April business review,
In March, Deloitte, the
One of the key "going concern" assumptions the accountancy firm noted, was that the club would "modestly" increase their season- ticket numbers, which stood at 36,000 in League 1, next season and beyond.
The UoF have been telling supporters to commit season-ticket money to the Ibrox 1972 initiative backed by the former Ibrox director
"Whilst we do not expect this to happen due to the continued support of anonymous shareholders, who could not care less about Rangers, we would highlight that they have utterly failed to gain crucial trust from fans. We do not believe this trust will ever be built without fundamental change at the club," the fans group said. "It is clear that 17,000 season tickets is not sufficient to see the club through the coming season."
The group were concerned that the board "still refuse" to engage with "the people who care about the club and have the means to improve the financial position greatly".
"It is our firm belief that continued pressure on the board and shareholders will bring about positive change," added the UoF.
They said they would make a final attempt to persuade the board to provide a "legally binding pledge" that they will not sell Ibrox or
"If they refuse to engage or refuse to provide such a pledge then we will recommend to fans that they continue to support the team but only on a game-by-game basis," the UoF said. "We are aware, however, that many fans simply will not return to Ibrox until there is a change in the power base at the club."
Earlier this week, Easdale, a non-executive director on the
FANS have called for a major overhaul in the running of Rangers after it emerged a supporter boycott has caused existing season- ticket renewals to slump by nearly 50% in a year.
The club confirmed there were 17,000 renewals in the run up to the opening of the public sale, a drop of 14,000 on last year.