Join thousands of fans who have signed up to our Rangers newsletter. Subscribe Thank you for subscribing We have more newsletters Show me See our privacy notice Invalid Email

ANGRY Rangers fans have accused the club of secretly engineering the sale of the club’s Murray Park training base.

The explosive claim came from coalition group the Union of Fans who believe the under fire regime are drawing up plans to cash in on the Auchenhowie HQ in order to cobble together sufficient funds to see out their Championship campaign.

And it was made less than 24 hours after Rangers released an official statement on Monday to once again assure supporters that they have no intention of raising money from a sale and leaseback deal on the club’s Ibrox stadium.

The supporters group said: “The Union of Fans were approached approximately two weeks ago, on behalf of the PLC board, to once again try to reach agreement on a binding legal guarantee over the club’s assets. These discussions continued and various drafts were passed back and forth.

“The statement that the board released yesterday was rejected by UoF last week due to the fact that it does not give a binding guarantee over Ibrox and that several misleading statements are made within it. Despite us negotiating in good faith, the board has seen fit to release the statement anyway.

“We were seeking written guarantees over both Ibrox and Murray Park. The board removed all reference to Murray Park. This was not an oversight - they are explicitly refusing to include Murray Park in any undertaking.

“We believe this is because the board are actively looking to sell this vital club asset due to their failure to so far secure enough funds to see the club through the current season.”

And the fans suspect the board will be forced into flogging off the club’s most valuable assets because a proposed £8m share issue - planned for later this year - is set to crash and burn with London investors.

The statement continues: “The board claim that they are “committed to protecting the assets of the club”.

“Currently the club has four main assets. Two of those, Edmiston House and the Albion Car Park, have already been used as security for crisis loans due to financial mismanagement.

“The board continues to refuse to give any legally binding safeguard over Ibrox and we believe they are actively looking at a sale and leaseback of Murray Park – a vital asset if we are ever to properly develop our own talent. They have shown no commitment to protecting the club’s assets.

“This board has committed to raising funds from existing investors through a new share issue in September. We do not believe that they have support from those investors for what is essentially money to keep the lights on and we would ask Graham Wallace to urgently clarify the position on new money coming into the club.

“The board have lost just under half of the club’s season ticket holders due to a complete lack of ability to build trust. Even if those fans were to buy season tickets now, the club still does not have the funds to complete the season and yet the board keeps us in the dark over how they will address this shortfall. We ask them to stop the half-truths, spin and smoke and mirrors and tell fans the truth.”