RANGERS fans groups have confirmed that moves to set up a trust for withdrawn season ticket money will go ahead "as an option".
The Union of Fans said they were awaiting a "coherent vision and detailed plan" for the future of the club.
The group they were heartened by former Rangers director Dave King's ability "to very swiftly secure some important, binding, public commitments" from the board and expect "significant amounts" of investment to come from a united fan investment vehicle, including Dave King.
Following a meeting between Mr King and board representatives over the weekend, the South Africa-based businessman said a club business review was expected, detailing plans for competing with Celtic and in Europe in the next few weeks. The executive who has previously invested £20m in Rangers said the board had "publicly dealt" with his concerns that Ibrox and Murray Park would be used as some security for further financing by saying it had "no intention" to do so.
But the UoF said they were "disappointed" that the board commitment not to take out a security on Rangers assets including Ibrox for future financing was not as categoric as they would have expected. The group said: "'We have no plans' does not engender the same confidence as 'we will not'."
On Friday, the group called for supporters to withdraw their season ticket money and put it into a trust until club assets including Ibrox Stadium are signed over to them as collateral.
The UoF says it is "reluctantly" prepared to wait for the publication of the business review from chief executive Graham Wallace within the next 30 days.
But it added: "We will be continuing with plans to set up a Season Ticket Trust. We are determined to be in a position to provide it as an option, if required, and will continue to update the supporters on our progress."
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article