CLUB 1872 have completed a £430,000 Rangers share purchase.
The fan organisation have increased their shareholding by 2,150,00 shares following a boost in membership numbers in recent months.
Club 1872 announced in December that they had agreed a £13million deal with former chairman Dave King to buy his major stake in RIFC plc.
Funds have now been invested directly into Rangers in recent days and Club 1872 Director Laura Fawkes said: “The Club 1872 Board would like to take this opportunity to thank our members for their regular donations and those in our membership and the wider support who made one-off donations towards our share issue campaign.
“Even though tens of millions of pounds have been invested into the club over the last few years, because of the incredible support of our membership we have been able to retain our position as a major shareholder while making a huge financial contribution to the rebuilding and ongoing development of the club.
"These funds have put more shares into the hands of Rangers supporters and will allow Club 1872 to continue assisting the club as it goes from strength to strength.
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“The rebuilding process which led to our momentous 55th league victory was made possible by the commitment of supporters and investors and while Club 1872 is proud to have contributed significant sums to support the recovery, we are of course mindful of the damaging events of the past and remain committed to ensuring they are never repeated.
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“Fans across the world have provided incredible, direct financial support to the club, but Club 1872 is the only viable vehicle to ensure that supporters retain an essential influence at a shareholder level.
“The events of this week across European football have once again shown how crucial it is for supporters to have a significant say in the running of their football clubs.
“The RIFC Board has offered Club 1872 the opportunity to purchase more shares in the coming months and, based on that commitment, members' donations will continue to support the club as it builds on the success of this season and deals with the ongoing financial impact of the Covid-19 pandemic.
“We would encourage all Rangers supporters across the world to join Club 1872 as our legacy campaign builds and grows over the coming months.
"We need thousands more Rangers fans to join to help us meet our fundraising target of £2.5m for Rangers by June 2021.”
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