13/07/12
IBROX - GLASGOW
A general view of Ibrox Stadium on the day that Rangers were placed into division three
The Rangers Supporters Trust now holds over half a million shares in the Ibrox outfit after buying a further 200,000 this week.
The fan group’s long-term ambition is to hand control of the club to the Light Blues faithful, and they now hold 557,856 shares after using £52,000 donated by fans using the BuyRangers direct debit scheme to snap up their latest tranche.
However, their stake only equates to 0.86% of the League One leaders’ total shareholding, and trust chairman Gordon Dinnie admits outright power is a long way off.
He told Press Association Sport: “There is still a long way to go. We started our direct debit scheme just before Christmas. If we can get enough interest going in that then we can buy shares on a monthly basis and build up our stake.
“We can also borrow against that money coming in and use it to buy more.”
The RST announcement comes just two days before Supporters Direct Scotland stages a presentation to Rangers fans at the Louden Tavern, Ibrox, about the possibility of setting up a rival scheme.
