Rangers are in danger of losing up to 20,000 season ticket holders if the takeover situation is not concluded soon, according to president of the Rangers Supporters Assembly, Andy Kerr.
The Ibrox club and its fans are in limbo after chairman Alastair Johnston revealed his intention to explore a shock plan B after casting doubt on the merits of Scottish businessman Craig Whyte's takeover bid, which has been in the pipeline for six months.
Kerr said: There is a minority (of fans) who feel the board have lost the plot. But it leaves us needing a decision sooner rather than later, especially with regards season tickets which the club has relied on in a big way since the days of Graeme Souness in the late 1980s."
USA-based Johnston revealed that an unnamed Ibrox director had proposed a "fresh issue of new capital" so that £25million could be invested directly into the debt-hit club.
Whyte's deal was expected to be completed on Monday and he is understood to be angry after agreeing a deal with majority shareholder Sir David Murray and main creditor Lloyds Banking Group.
A source close to Whyte claimed that his offer was worth £52.5million, with around half of that figure believed to have been earmarked for investment in the playing squad over five years.
While questions remain unanswered about how the alternative bid will be funded, and which director is behind it, Kerr admits fans will continue to question whether investing in a season ticket is the right idea.
He added: "They will see this takeover as tiresome and as a net result we could be down by as many as 20,000 season tickets. That will be a huge capital investment missing from the club. I think there are around 38,000 season ticket holders at the moment.
"So getting the situation sorted is pivotal to keeping people on board."
Source: PA
