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Club 1872 complete first Rangers share purchase from Dave King as deal opens door for fan group to invest

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dailyrecord.co.uk

Rangers chairman Dave King. And, following talks between both parties, the Ibrox fan group have revealed all share funding raised in the first half of 2021 could be invested directly into the Premiership club.

The group announced in December a £13million deal had been struck with King to purchase his major shareholding.They are pushing towards gaining more than 25 per cent of shares and giving Rangers fans a voice in the running of the club.The deal with King was met some scepticism but the new agreement opens the door for the group to participate in any upcoming share issues.

A Club 1872 statement said: "Club 1872 is pleased to announce our first share purchase under the agreement recently announced with Dave King.

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