Scottish Football - Rangers fans offered chance to invest

Rangers fans have been offered the chance to buy into the club's upcoming share issue through a collective purchase scheme.

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Scottish Football - Rangers fans offered chance to invest
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FOOTBALL General view of the gates at Ibrox Stadium, home to Rangers Football Club.

The Rangers Supporters Trust have launched the "community share scheme" in conjunction with Supporters Direct Scotland. Fans can invest £125 and up to £20,000 in the scheme with the trust then buying blocks of shares in the club's planned £20million initial public offering.

Gordon Dinnie, chairman of the Rangers Supporters Trust, said: "This is a great opportunity for fans to invest together and have a meaningful say in the future of our club. 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."

He added: "Investing in Buy Rangers is an 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."

Fellow board member Andy Sheppard added that fans had been taken for granted in the past and had "no voice and no input" as the original club was forced towards liquidation while a new company, fronted by chief executive Charles Green, relaunched the team.

Sheppard said: "The idea has always been to have a democratic membership scheme where the support have one member, one vote to stop somebody like Craig Whyte or David Murray before him, who could be accused of using the club for his own means, certainly not taking into account the feelings and the concerns of the supporters.

"It would be an absolute travesty if we did not learn from last year. The opportunity was there for somebody like Craig to come in and do what he did. We want to make sure that that opportunity is never there again. We don't want to make money from this, this is an emotional investment."

Meanwhile, Rangers manager Ally McCoist hopes finances will be available for new contracts after captain Lee McCulloch extended his deal by two years last week.

McCoist told RangersTV: "The plan is that Lee will guide the younger players in the journey ahead. It's very important that the younger lads are coached and helped through these next couple of seasons.

"We will have a chat with Charles and look at the situation with one or two of the other players. I think it's important to show loyalty to players who have shown loyalty to the club."

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