Rangers chairman Douglas Park admits he has been overwhelmed by the response to their latest share offering, which was made available to supporters.
The Lowdown: Gers fans can buy shares
On 1st June, it was revealed supporters would be able to buy shares.
Individual fans were given the opportunity to buy shares worth a minimum £500 and a maximum £100,000. Those who do not have the funds to do so can, via Gers fan group Follow Follow, purchase shares worth as little as £10. All in all, the 55-time Scottish champions hope to raise £6.75m (via Rangers News).
The Latest: Park shares delight
Speaking to Rangers’ official website, Park has revealed his delight at the response to the initiative. He said:
“We have been overwhelmed by the response.
“We knew that there were a significant amount of people wanting to own shares in Rangers, but still we’ve been astonished by the number of people signing up. It is a testament to the commitment and loyalty of our amazing fans.”
The Verdict: Gers fans show love for the club
This is the latest step to give the Gers supporters a bigger voice at the club. Last December, major shareholder Dave King revealed he had struck a long-term deal with supporters group Club 1872 to buy his 20.37% stake in the club as he stepped down from his role as chairman (The Daily Record).
Will you be buying shares?
The Gers supporters are being given the chance to take back a large portion of their club – something which we do not see too often in football.
The failed European Super League revealed the extent of the greed that certain clubs in Europe have, but the Gers’ desire to be involved with their fans and city shows Ibrox is in honest and capable hands.
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