Rangers fans group Club 1872 have voted to invest £1million in the club’s upcoming share issue – after embers voted in favour of using funds previously set aside for various projects.
Club 1872 are currently the second largest shareholder in the Gers parent company, after Dave King, as fans look to have a say in how the club is run and provide funds for manager Steven Gerrard.
Director Laura Fawkes believes that the investment from fans shows the “huge potential” of Club 1872 to help the club and provide investment to strengthen the squad.
“These funds will not only put more shares into the hands of Rangers supporters but will go directly into the club to assist with the rebuilding process now underway under Steven Gerrard,” Fawkes told the Evening Times.
“For Club 1872 to raise this level of funding purely through donations from around 7500 Rangers supporters shows the huge potential of the organisation.
“What we can achieve together will be determined solely by how many supporters take part.
Football Insider verdict:
The news that Club 1872 will be investing £1million into the club is good news as the Light Blues fans look to safeguard the club’s future as well as give money to help improve the squad. Fan involvement at board level is something clubs should actively be encouraging. While it is hardly on the scale of a Russian oligarch or Arab oil tycoon, the Gers support have shown they are prepared to regularly pump funds into the club and help get back to the top of Scottish football. After Steven Gerrard made six signings this summer, getting fresh investment into the club can only ever help as they attempt to overhaul bitter rivals Celtic and stop them from winning an eighth consecutive tile. Following the club’s meltdown in 2012, it’s another small step towards the Gers being back to where they were before having to make their way back up through the leagues.
aIn other Rangers transfer news, they are leading the hunt to sign an in-demand attacker from Liverpool.