Scottish League 1 side Rangers face a fresh crisis after "it emerged they may not have raised enough money from season ticket sales to pay off the short-term loans they took out to keep the wolf from the door," according to Gordon Waddell of the Scotland DAILY RECORD. The "under-fire board" borrowed £1.5M in February on the "promise the cash would be paid back the instant ticket sales hit that figure." However, by close of business on Friday night, "shareholder George Letham -- who took over" the £1M ($1.7M) share of the debt from Laxey Partners in March -- "had not received a penny." Letham has been "waiting more than a week for a response" from CEO Graham Wallace to an email "questioning how many tickets" had been sold. It's "clear the organised boycott of season books by the Union of Fans, allied to a wider distrust of the board, is biting home." The club has been "coy over how many tickets have been sold but estimates put the figure at about 14,000." However, because credit company First Data "withdrew their facility, the club had to give fans a chance to pay up their season books in four instalments." First Data "only have taken in a quarter of the cash from the fans who have chosen that option" (DAILY RECORD, 5/25).
