The Rangers Supporters Trust have launched a campaign to raise funds to allow fans to buy a stake in the Ibrox club.
The Buy Rangers initiative is a community share scheme, backed by Supporters Direct Scotland, that will use money collected from supporters to buy a stake when Charles Green launches the share issue in the coming weeks.
Fans can buy individual shares themselves, with the minimum purchase price being £500, but the Trust scheme is designed to allow supporters to have an influence on how the club is run, since a large collective, holding a significant shareholding, will have more say than a single fan with a single share.
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The Buy Rangers campaign will also begin at £125, and fans can invest up to £20,000. They will be buying a share in the RST, which functions as a Community Benefit Society and is authorised by the Financial Services Authority. Once the IPO is launched, the money raised will be used to purchase as many shares in the club as possible, but only after Cobbett's, the RST's lawyer firm, have carried out due diligence.
"This is a great opportunity for fans to invest together and have a meaningful say in the future of our club," said Gordon Dinnie, chairman of the Rangers Supporters Trust. "The more money invested, the stronger our collective voice. This campaign hopes to reflect the sense of unity evident among the support in recent months.
"Investing in Buy Rangers is a opportunity for fans to unite in pursuit of a common objective and at a price more affordable than the £500 minimum required to purchase shares individually through the club. Rangers Football Club stands at a crucial and transformative juncture in its 140-year history. No Rangers fan needs to be reminded of the mistakes made by previous owners and the acquisition of a fan shareholding is an honest attempt to make sure future generations are spared the trauma of the past few years.
"This initiative can provide us with the voice required to have a real say in the strategic development of our club. Our voices should be heard both on the terraces and inside the club."