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Rangers fans demand clarity from Ibrox board over season tickets cash total

DISAFFECTED Rangers fans last night called for the club to reveal exactly how many season tickets they have sold and how much cash those sales have generated.

The Union of Fans group asked for a formal statement from chief executive Graham Wallace to the AIM stock market outlining the current financial situation amid "grave concerns" over how the club plans to operate at a greatly reduced level following a huge slump in season ticket sales, writes Stewart Fisher.

In particular, fans are keen to find out if loans of £500,000 from Sandy Easdale and £1m to George Letham have been repaid as scheduled, or if the board's stated contingency plan of raising millions via a share issue to existing shareholders is in the pipeline.

"We urge Graham Wallace and the board to come clean about how many season tickets they have sold and how much cleared income in the bank these sales have provided.

"Instead of the normal announcement following the deadline there has been silence.

"Instead, we would ask the board to make a clear statement of the number who have renewed to the AIM market in order that supporters and shareholders can rely on the accuracy of the figure.

"How do the board plan to strengthen ahead of what will be an extremely competitive Championship next season?"

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