Rangers Stand Firm: Club Releases Official Statement Defending Position Amid Cash Card Firm Charges
In a bold move, Rangers Football Club has issued an official statement addressing the recent charges leveled against them by Reputation Exchange PLC (REPX), a fintech firm claiming losses of nearly £2 million due to an alleged breach of contract. The lawsuit, filed in Scotland’s highest civil court, the Court of Session, centers on a disputed agreement over a customised pre-payment card for Rangers fans—a project that REPX claims was unjustly halted by the club. Undeterred, Rangers have come out swinging, defending their stance and vowing to contest the accusations head-on.
The controversy stems from a deal reportedly struck between Rangers and REPX, where the latter was tasked with developing a bespoke payment card intended to allow supporters to purchase club-related products and services. According to REPX, the project was greenlit with an anticipated launch in August 2023, a timeline supported by an initial payment of £120,000 from the firm to the club. However, REPX alleges that Rangers abruptly pulled the plug, preventing the card from ever reaching the hands of fans. The company claims this decision not only breached their agreement but also left them out of pocket to the tune of £1.5 million in losses, plus an additional £500,000 in “aborted costs” for design and development work.
In their official statement, released on April 7, 2025, Rangers firmly rejected these assertions, framing the legal action as a misrepresentation of the facts. “Rangers Football Club acknowledges the claims made by Reputation Exchange PLC and the subsequent proceedings at the Court of Session,” the statement began. “We categorically deny any wrongdoing or breach of contract as alleged. The club acted in good faith and in accordance with our obligations at all times. We intend to robustly defend our position in court and are confident that the full details, once presented, will vindicate our actions.”
While the statement refrained from delving into the minutiae of the dispute—likely to preserve their legal strategy—Rangers hinted at a broader context that they believe will shift the narrative in their favor. Sources close to the club suggest that the decision to halt the card’s rollout may have been tied to internal concerns over its feasibility or alignment with Rangers’ long-term commercial goals, rather than an arbitrary or malicious act as REPX has implied. “This is not about shirking responsibility,” one insider remarked. “It’s about making tough calls that protect the club’s integrity and its supporters.”
The timing of this legal battle couldn’t be more critical for Rangers, who are already navigating a turbulent period both on and off the pitch. With a potential takeover by 49ers Enterprises looming—an investment deal reportedly nearing completion by the end of April—the club is under intense scrutiny. Some pundits have speculated that this lawsuit could cast a shadow over those negotiations, though Rangers’ resolute response suggests they are determined to project strength and stability. “We remain focused on the future of this football club,” the statement continued, “and will not allow these proceedings to distract us from our commitments to our fans, our team, and our partners.”
For REPX, the stakes are equally high. The firm has staked its case on legal advice from Scottish counsel, arguing that Clause 12 of the contract—a point of contention yet to be fully disclosed—entitles them to compensation for their investment. Their claim paints a picture of a company blindsided by Rangers’ alleged about-face, left to shoulder significant financial losses after pouring resources into a project they believed had the club’s full backing. Yet, Rangers’ defiant tone indicates they are prepared to challenge this narrative, potentially unveiling evidence that could reframe the entire dispute.
As the case heads to court, the football world watches closely. For Rangers, this is more than a financial spat—it’s a test of their resolve and reputation. The club’s supporters, known for their unwavering loyalty, will no doubt rally behind this stance, seeing it as a refusal to bow to external pressure. “We are Rangers,” the statement concluded, echoing a sentiment that resonates deeply with the Ibrox faithful. “We stand strong, and we will see this through.”
With the legal proceedings set to unfold in the coming weeks, the truth behind this clash of claims will soon come to light. For now, Rangers have drawn their line in the sand, signaling that they are ready to fight—and win—this battle on their terms.
