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Ticketus to get on board Rangers' survival plight

Paul Murray has confirmed that having Ticketus on board will greatly assist the financial difficulties Rangers are currently facing.

Former director Murray is leading a consortium called Blue Knights who are looking to save the Glasgow outfit and has now revealed that London-based investment firm Ticketus are surprise backers for his proposed takeover.

Current owner Craig Whyte secured control of 'Gers by selling 100,000 future season tickets for £24.4million to Ticketus but Murray insists it will be a good ploy to have the heavily involved.

"Ticketus approached me about 10 days ago with a view to supporting our bid," Murray told the Daily Record.

"Our primary objective is to try to complete a successful CVA (Company Voluntary Arrangement) exit from administration. I believe a combined approach with Ticketus makes that easier.

"Initially Ticketus were presented in a bad light given their association with Craig Whyte's takeover but they advanced the money in good faith - and remember, that money was used to pay off the club's debt to Lloyd's Banking Group.

"They are also a substantial business who have completed 50-60 football ticket deals. Some say Ticketus have no rights and no security so why deal with them?

"It is a matter of fact, however, that they are the largest stakeholder in the club, even bigger than HMRC. They therefore have a complete alignment of interest with us to see the club survive and then prosper.

"There are two parties involved as creditors - HMRC and Ticketus - and the last thing the club needs right now is any kind of long legal battle. If we move forward with Ticketus we can proceed in the best interests of the club."

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Andrew Slevison
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Andrew Slevison

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