Some Rangers fans have been left delighted as the club officially issued them the shares they purchased following a recent share issue.
Gers fans and public investors were invited to buy shares from the club as part of a £6.75m share issue that ended last month.
✅ The Rangers Share Offering is now officially closed.
Thank you and welcome to our thousands of new Shareholders! pic.twitter.com/iLn5AMRO6K
— Rangers Football Club (@RangersFC) July 16, 2021
The move would provide additional funding to the club but also give supporters the opportunity to own a part of Rangers and have a voting voice at AGMs in the future.
Marketed as an opportunity to invest in Rangers at a massively exciting time for the club, it’s no surprise there was plenty of interest from Gers fans.
It’s not clear just how much the Gers raised through the share issue but the club had hoped to raise the near £7m total by selling around 27m shares at 25p each [Tifosy].
For some fans on Twitter, they have now heard back about the shares and were delighted to get their own little slice of the club they hold so dear to their hearts.
An ambition since I was young fulfilled 💙 pic.twitter.com/IZvHm54feW
— Heart & Hand Podcast (@ibroxrocks) August 2, 2021
Just got confirmation email to confirm my share purchase was successful. I could unfortunately only buy in at min £500 but to tell your 10 year old kid that he now owns a small part of the club he loves is a life long ambition fulfilled.
— Chris McLaughlin (@ChrisMcL16) August 2, 2021
It's been a long held goal of mine to be a shareholder of @RangersFC.
It's taken a long time for me to get in a financial position where I was able to take part & it's taken a long time where the club is in a position to allow us to take part.
My shares can now be passed on. pic.twitter.com/2llIuEg5iR
— Richard McLuckie (@Acemcl) August 2, 2021
So that's me a Rangers shareholder now 😎. Does this mean I get to put proposals to the board?
— Mo (@MoLaudrup) August 2, 2021
Just had my shares confirmed – officially a Rangers shareholder as of today. Lifelong dream achieved 💙 #Rangers
— Jen Jen (@Doddsie16) August 2, 2021
Ats me rangers shareholder now got confirmation email could only afford 1500 but feel proud am part of the club💙
— big rab (@tailsyboy1704) August 2, 2021
Rangers Managing Director Stewart Robertson went into greater detail regarding what the investment will directly support at Ibrox.
“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 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.”
One of the major aspects of Rangers’ development will be qualification for the Champions League but the club’s QR3 rivals have been handed a boost ahead of their upcoming tie.