Ticketus, the company backed by the Octopus Protected EIS scheme, has withdrawn from discussions with Blue Knights Consortium over a takeover of Glasgow Rangers FC.
The ticket exchange firm was working with Blue Knights with the view to bid to takeover the beleaguered football club but said it failed to finalise satisfactory terms in restructuring its ticket purchase programme that would protect its investors. A statement from Ticketus said: "Our willingness to work with all interested bidders, and to try and be part of a solution for the club, was undertaken with the objective to agree terms that would satisfy both our investors' needs as well as being in the interests of the club, its fans and its creditors. "Regrettably over the course of th...
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