[TheWorthinGer]

So MAs loan offer is accepted but is only secured against the Murray Park training ground, registered trademarks and other properties.  Part of the 10m is also being used to pay off a previous 3m loan, so in in fact a net loan of 7m, of which 5m is available immediately.

http://www.bbc.com/sport/0/football/30996809

Possibly more worrying is further down in the above article where it states that "Rangers are also giving Ashley, for the duration of the loan, a further 26% of shares in Rangers Retail Limited, 49% of which was already owned by the English businessman."  So the sale of merchandise brings in even less revenue directly to the club than it was already!!

At some point there needs to be a plan in place to pay back these loans, or else all the extra revenue from the eventual promotion back to the top flight will just flow out of the club as opposed to be able to be used to set the team up to succeed!!

The rangers retail thing won't make a blind bit of difference if the fans continue to boycott the merchandise!

I don't like giving away the shirt sponsorship money for an unlimited amount of time, that's tight.

And I definitely don't like the trademarks being used as collateral. But such is life.