Rangers fans group Club 1872 increase shareholding in Ibrox club
A total of 2.15 million shares were purchased on Tuesday morning at the cost of £430,000.
The supporters group have a deal in place with former chairman Dave King to pay £13 million for his stake in the Ibrox side.
Club 1872 were founded on the principle of protecting the future of Rangers after the club’s four-year odyssey in the lower leagues following the 2012 liquidation event.
With plans for the European Super League still dominating headlines throughout world football, the group were keen to stress the importance of supporters having a significant say in the future of their club as they called on more members to join.
They wrote on Twitter: “Club 1872 has today provided a further £430,000 cash to Rangers in return for 2,150,000 shares - increasing our shareholding in RIFC. We have a target of £2.5m to put into the club by June and need your help to raise those funds for Rangers.
“Events of this week across European football have once again shown how crucial it is for supporters to have a signficant say in the running of their football clubs. All the funds we raise until the end of June will go directly into the club, in return for shares in fans’ hands.
“A huge thank you to all our thousands of members, whose contributions have enabled Club 1872 to provide incredible levels of financial support to Rangers over years of rebuilding. With more members we can do even more.”
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