The Rangers public share issue which had invited fans to invest in the club has officially ended.

Rangers have been extensively plugging the campaign which will allow fans to own part of the club at an important juncture in Ibrox history.

The Ibrox club had hoped to raise £6.75m as part of the issue with around 27m shares being sold at 25p each [Tifosy].

The shares will be issued by Rangers International Football Club plc (the “Company”) and provide subscribers with the same rights as other investors, including voting rights on a one-vote-per-share basis and the right to attend the AGM.

“Funds raised will be applied to projects designed to accelerate the financial sustainability of Rangers Football Club, including investing in the new Edmiston House multi-purpose venue, developments at Ibrox Stadium, the acceleration of Rangers’ digital transformation strategy and the club’s international expansion,” said managing director Stewart Robertson [Rangers]

“As a club, we will continue to drive our brand in the European and international arenas.

“We are indebted to our fan base both domestically and across the globe and know they are the foundation of all our future developments.”

The share issue also closes as the Gers announce an extension of their partnership with energy company Utilita.

Rangers have confirmed that they’ve extended their partnership with Utilita for season 21/22 with the company being the Title Partner of the club’s friendly with Arsenal.

Rangers director of commercial and marketing James Bisgrove claims the club are “thrilled to extend our relationship with Utilita” describing them as “fantastic partners”.

Fans Celebrate As Rangers Crowned Champions
Rangers fans were invited to take part in the special share issue. (Photo by Jeff J Mitchell/Getty Images)

As it stands Utilita have been partners with Rangers for five years, first signing a deal in 2016.

Meanwhile, Rangers fans have been turning the screw on their rivals as they launch a poster campaign in the city.

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