Alan Hutton has hailed the new Rangers share issue for supporters as “brilliant”.

The former Ibrox ace, speaking exclusively to Football Insider, insisted the proposal would be a “win” for both the club and fans.

The Glasgow giants announced last week (Monday, June 1st) supporters would be able to buy shares with an investment up to £100,000.

The target is for Rangers to raise £6.75million through the share issue.

Hutton admitted the Light Blues would have lost a “fortune” due to games being played behind closed doors.

As such, he insisted he is fully behind giving fans the chance to invest in exchange for shares.

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Hutton told Football Insider assistant editor Russell Edge: “I think it’s brilliant.

“We’ve seen the loyalty from fans buying up the season tickets. We don’t even know when they’re going to be able to get but 40,000-plus have been sold.

“Now, an opportunity to buy your own little piece of the club, I think it’s brilliant. They want to try and raise £6.75million. 

“Rangers, like every other club, have lost out on a lot of money. Every home game they’ll be losing a fortune.

“It gives a chance for the supporters to really buy into it and be there. Not that they haven’t but even more. Just to own that bit of your club, I think that’s brilliant. It’s a win for everybody involved.”

Douglas Park is currently the largest individual shareholder at Rangers with 13.44 per cent.

Meanwhile, fan group Club 1872 currently own 5.10 per cent of shares.

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