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Rangers: Club 1872 set for £2.5m investment

Rangers: Club 1872 set for £2.5m investment - Rangers News

Glasgow Rangers are set for a £2.5m investment from Club 1872 as the club looks for funds as the financial crunch tightens.

Gers set for investment

The Ibrox outfit have already sold a number of shares in recent weeks and months as they look to raise funds, and it now seems they are set for a further cash injection.

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Supporters group Club 1872, who are already set to purchase the shares of Dave King in the club (The Daily Record), are to raise £2.5m in what was described as “much-needed” money (The Scotsman).

Influence is growing

There is no doubt that the influence of the supporters is growing at Ibrox. As previously mentioned, Club 1872 will become major shareholders in the future – when that deal with King is complete, they will own roughly 25% of the 54-time Scottish champions.

Are you happy that Dave King is planning to sell his shares to Club 1872?

Yes

Yes

No

No

In October of last year, Stuart Gibson paid £5m for a stake in the club (The Scottish Sun), while a further £4m in shares were floated in November.

Money is at least coming into the club during what is a difficult financial time for almost all outfits due to the coronavirus pandemic. More money and more influence in how the Gers work – the fans could hardly ask for much more.

In other news, one ex-Gers star slams this current Ibrox player.


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Article title: Rangers: Club 1872 set for £2.5m investment

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