Octopus Investments has said it is working with the administrators of Glasgow Rangers after one of its investments was caught up in the debacle.
Octopus' Protected Enterprise Investment Scheme has a stake in Ticketus, which has bought up season tickets for future Rangers games worth £24m. Octopus Investments clarified their arrangement with the stricken club, through their Ticketus arm, after Rangers' administrators revealed the money could not be traced in the club accounts. In a statement Octopus said: "Ticketus is one of the many entities into which Octopus Protected EIS invests. Ticketus has purchased tickets for Glasgow Rangers games for a number of seasons in advance, as it has done for a number of years previously with ...
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