Rangers £13m opportunity that could change club forever

Rangers chairman Dave King at Ibrox

Dave King has announced his plans to sell his shares to Rangers fans group Club 1872 in a further realisation of his original long-term plan for the club, as reported by Sky Sports.

Club 1872 has three years to raise the £13million needed to buy the shares which will see the former chairman lose over £2m on what he paid for them with the plan being that the allocation will see fans of the Light Blues have a 25% stake, making them the largest individual shareholders.

What this means is that the representative on the board will be able to veto any decisions that could potentially be made in the future that could harm the club, “never again” is being used as the driving phrase behind the project and it is something that should resonate with everyone of a Light Blue persuasion.

King said on the announcement of the deal:

“During regime change and throughout my chairmanship, I have advocated for increased supporter influence at the shareholder level and I provided opportunities for Club 1872 to participate in every share issue that was undertaken.

“I did this partly to express my appreciation to those supporters and supporter groups who actively assisted me in securing regime change and partly to ensure that all supporters (whether shareholders or not) retain an influential voice in directing the affairs of their Club. It is my sincere hope that “Never Again” will supporters become as disconnected and disempowered as they were at the time of my re-engagement with the Club over 6 years ago.

“After completion of my service as Chairman I took time to consider how I can create a final legacy by giving supporters – including future generations – substantial shareholder influence for the first time in the almost 150 years history of our Club. The time to launch a “Never Again” campaign is now.”
It is a lot of money that needs to be raised by Club 1872 and they have launched a scheme whereby fans can become legacy members investing £500, either in one lump sum, or over 25 months – the task will be made easier if the likes of Stuart Gibson decide to put further funds into the club through this method rather than as an individual.
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This is the latest step towards Rangers becoming self-sustaining, King has invested a lot of time, money and effort into restoring us to our former glory and ridding us of the individuals who sought to destroy and bleed us dry, it is now our time to pay him back and become the biggest shareholder in the club, forever changing how our great institution is owned.
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