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Various tweets so far:

 

Break for lunch in Imran Ahmad v Rangers. Mr McBrearty, acting for Ahmad, has spent morning outlining argument for claim to arrest £620,000

 

Mr McBrearty spent morning outlining importance of uncertainty over season ticket sales and risk of insolvency it may present to Rangers.

 

Court heard Rangers CEO Graham Wallace forecasts £2m income in season ticket renewals within next 10-14 days.

 

Mr McBrearty also cast doubt on ability of Rangers to quickly raise money through minor share issue if season ticket sales are slow.

 

Mr Somers, acting for Rangers, will state his case after lunch at 2pm.

 

Mr McBrearty repeated in court public claims that around 2000 season tickets sold by Rangers to date. Mr Somers shook his head at this claim

 

Rangers CFO Philip Nash statement to court: "Renewal of season tickets has been slower, rather than lower, than expected". Head scratcher.

 

Nash statement in court that purchasing season tickets on security through trust is not possible, "matter of time before fans realise this".

 

You'd think Rangers were inviting an arrestment by saying there was presently enough money to remain solvent even with the 620K arrested without apparently making a forceful and convincing argument why given circumstances that they think they will have enough funds to see the club through the season ?

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@STVGrant

Rangers CFO Philip Nash statement to court: “Renewal of season tickets has been slower, rather than lower, than expected”. Head scratcher.

 

Will the judge be impressed with spin ??

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At an average of £400 each, that means Wallace thinks we'll sell around 5000 more season tickets in next fortnight.

 

Hardly brilliant if we're only in low thousands at moment.

 

Did the last accounts not give a net average value to Rangers of £210 per season ticket?

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I'm not sure what sort of numbers the judge will expect. Next season is almost three months away, who is to say that those who do not want to renew are supplanted by new ST buyers afterwards?

 

Anyway, maybe the club would do well to check out a naming rights deal for the stadium to raise currently needed income too. Or hand any ST buyer 50 shares in the club, if they become available.

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