Fans of Premier League club Arsenal are encouraging their board to get involved in a “pivotal moment” in Rangers history as the club offers its shares to supporters.
The Ibrox side and Arsenal have a long-held friendship dating back to the turn of the 20th century with the relationship symbolised by Rangers’ investment in shares of the old Woolwich Arsenal in 1910.
These were bought at a time of financial crisis and the favour was repaid by Arsenal, who gave the Gers an extra 14 shares 20 years later as a sign of their gratitude.
These were then sold by Craig Whyte almost 100 years later in a move which infuriated then Rangers boss Ally McCoist, saying he was “extremely disappointed” in the decision [Guardian].
But now there is a chance for a poetic redemption as the Gers announce a special share issue aimed at supporters getting involved with the club.
The fan share offering will see almost £7m pumped into the club with those who invest given a representative, tangible investment in Ibrox as a result.
🆕 Announcing the Rangers Share Offering.#RangersFC is pleased to announce the launch of its share offering, providing supporters with the opportunity to acquire ordinary shares at a pivotal moment in its history.
— Rangers Football Club (@RangersFC) June 1, 2021
Rangers say this is “an opportunity to acquire ordinary shares at a pivotal moment in Rangers’ history.”
A minimum of a £500 investment is required with a maximum of £100k per applicant with all the necessary particulars available to view HERE through Tifosy Capital & Advisory.
This opportunity hasn’t been missed by some Arsenal fans, some of whom have suggested they should club together to poignantly reconcile the past and keep the relationship alive:
If we had people working at the club who recognised historic associations we should buy £1910 worth of shares in this https://t.co/82zGM2KP9r
— Darren (@DarrenArsenal1) June 1, 2021
Good Idea. Re-establish those historical links. I'd be happy to chip in.
— Paul (@afc_king) June 1, 2021
KSE don’t know the history
— JD (@JD___8) June 1, 2021
It would be a nice touch if Arsenal or a group of their fans re-established this connection in the opposite direction and we’re sure there is an appetite for it in north London.
Rangers are already set to recognise the historic links between the two clubs with a friendly in pre-season as the Gers celebrate 150 years since their formation in 1872 next season.