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.
🆕 Announcing the Rangers Share Offering.#RangersFC is pleased to announce the launch of its share offering, providing supporters with the opportunity to acquire ordinary shares at a pivotal moment in its history.
— Rangers Football Club (@RangersFC) June 1, 2021
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.
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.