The transition of power at Rangers from Dave King to Club 1872 is going smoothly — unlike the “dictatorship” we’re witnessing at Celtic.
That is according to finance guru and new Football Insider columnist Kieran Maguire, speaking exclusively after Club 1872 announced plans to invest a further £2.5million as part of a share issue.
The Rangers supporters trust are aiming to become the club’s largest individual stakeholder by purchasing former chairman King’s remaining shares.
Club 1872 confirms £2.5m Rangers share issue target – https://t.co/xs93tjyTB6
— Club 1872 (@Club1872rfc) February 8, 2021
Club 1872 currently have a 4.75% stake in the club and will surpass the 25% juncture when the purchase of King’s shares is complete, giving them a veto at board level.
Maguire claims that the collaborative nature of Club 1872 means Rangers won’t become a “dictatorship” as Celtic are under Dermot Desmond.
He told Football Insider correspondent Adam Williams: “It’s so far, so good. There’s quite a few of them, it’s not the same sort of dictatorship they’ve got at Celtic in terms of having one dominant shareholder [Desmond].
“Nobody knows what goes on in boardrooms, whether people get on or if there are conflicts. There are a lot of people who are independently successful who are now involved on the board of Rangers.
“If they use their skills together is can certainly push the clubs forward.”
Rangers have not turned a profit since their reformation in 2012 while Celtic have done so in seven of nine financial years in the same period.
In other news, a top pundit has tipped Billy Gilmour for a Rangers return.