Ibrox season-ticket renewal money gathered by direct debit is being held in the oldco Rangers' bank account, where it can be claimed by creditors, after Charles Green's group failed to make the necessary banking arrangements.
The chief executive said the funds were ring-fenced in a secure account, but Herald Sport can reveal the required legal process is only in the early stages and could take four to six weeks, meaning that fans' money is not being held securely for the newco club's use.
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