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Wallace vows to keep Ibrox

RANGERS chief executive Graham Wallace has offered fans a “legally binding” promise not to sell or lease off Ibrox.

And the club’s board is considering a similar guarantee for training ground Murray Park in a bid to stop the civil war with the Light Blues faithful.

The Union of Fans (UoF) coalition has already advised supporters not to renew their season tickets until they are given security over the stadium and training ground.

UoF revealed the pledges late on Wednesday night after talks with Wallace, football board chairman Sandy Easdale and non-executive director Norman Crighton.

Just last week Rangers announced that it had “no intention of granting security over Ibrox to anybody.”

But Wallace has since told the fans umbrella group that he’ll sign documents to protect the grounds.

UoF said Mr Wallace had reported that the while the board “would not grant a security they could consider giving a legally binding undertaking which would protect Ibrox from sale, sale and leaseback or as any form of security for a loan or other finance.”

Fans’ representatives told Wallace that the same guarantee should be given over Murray Park.

“Mr Wallace and Mr Crighton agreed to discuss this with the rest of the PLC board as a matter of urgency and further discussions between the PLC board and Union of Fans will continue once this board meeting has taken place,” the UoF said.

“We believe we accurately conveyed the fears of supporters that either or both of these club assets could be lost to the club in a scenario where they were used for any sale and leaseback or other loan security.

“Any proposal by the board will be evaluated by our lawyers and a decision will then be taken on how to move forward. We will keep fans fully informed as discussions continue.”

The fans' group stepped up their bid to force out the current regime after Wallace’s business review revealed the club had burned through more than £70 million in the last two years.

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