Rangers news

Ticketus money used in takeover

February 21, 2012
Administrators have confirmed that money from the Ticketus deal was used by Rangers owner Craig Whyte to complete his takeover of the club.

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The firm paid £24 million to secure the right to sell future season tickets.

According to a statement from the administrators, the cash was used by Whyte to pay the club's £18 million debt to Lloyds Banking Group when he completed his ...

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