Rangers launch £6.75m share issue to “future proof” club
Funds: Stewart Robertson (pic: SNS Group)
Rangers have launched a share issue for fans in a bid to raise £6.75 million to “future proof” the club.
Supporters can invest from a minimum of £500 up to £100,000, with an 11 June deadline for pre-registering their interest.
The shares will be issued by Rangers International Football Club and provide subscribers with the same rights as the current owners, including voting rights on a one-vote-per-share basis and the right to attend the AGM.
Shares will be made available through the investment platform of Tifosy Capital & Advisory as the arranger and authorised offeror of the share offering.
In November, the club said it would need £23.2m in fresh funding by the end of next term after posting a loss of £15.9m for the year to July 2020.