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Private Eye breaks the embargo on Ibrox Share Issue

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Private Eye has pried into the Ibrox share issue that Scottish publications are doing their best to ignore.

Launched soon after taking Season Ticket money from their fans a company called Tifosy was brought in to raise £6.75m, minus their fees which are believed to be around 20% rather than a fixed rate.

Over the last four years directors and mystery investors have poured in millions to balance up against losses, in their last audited accounts losses of £15.9m were recorded on turnover of £59m for the year to 30 June 2020.

It seems that the stream of high-net-worth Blue Noses has run dry. Just 13,000 of 46,000 Season Ticket holders required to take up the share issue but the fans that walked away in 2012 have again kept their money in their pockets.

With another cash shortfall on top of Steven Gerrard’s Champions League KO the pressure is on transfer guru Ross Wilson to raise at least £20m in the final week of the transfer window.

Last week the club launched an exciting new Lotto game to pay for a club museum, it’s believed that Kemar Roofe is on a contract worth £45,000 per week.

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