- June 9, 2021
- Posted by: SportsV
- Categories: Case Studies, Featured Articles, Features, Home News, Industry News, News, Press Releases
Following last week’s announcement that Rangers Football Club had launched a unique fan share offering, which will give supporters the opportunity to help future-proof the club and build a lasting, fan-based legacy, the reigning Scottish Football champions have already reported a phenomenal response.
Following the Club’s historic 55th league title and during their 150th year, supporters now have the opportunity to acquire ordinary shares at a pivotal moment in Rangers’ history, with thousands having already logged into Tifosy.com/rangers to sign up for access to the Priority Period to apply for Shares.
A press statement read:
Over the last 10 years, we have all worked together to secure the club’s future and to provide a base for us to ensure we continue to build together for generations to come.
The shares will be issued by Rangers International Football Club plc (the “Company”) and provide subscribers with the same rights as the current owners, including voting rights on a one-vote-per-share basis and the right to attend the AGM.
Douglas Park, Chairman said:
Rangers has been here for 150 years and it’s vital that we future-proof the next 150 years. The club has to be put in the best possible position and, by widening the ownership to a broader base of like minded supporters and shareholders, we feel it helps put the club on an even stronger footing going forward.
Managing Director, Stewart Robertson, added:
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.
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.
Sporting Director, Ross Wilson, said:
It’s a wonderful opportunity to be involved in a football club that is heading in a positive direction and has a solid plan with a lot of fantastic people behind it. As we move forward, we see huge opportunities on the European stage, we see huge opportunities and domestically, and the opportunity for people to be part of that should be an exciting one.
James Bisgrove, Commercial & Marketing Director at Rangers Football Club will be sharing insights during the next edition of ALSD International, being hosted by Liverpool Football Club September 6-7.
A minimum investment of £500 and a maximum investment of £100,000 will apply per applicant. Shares will be made available through the investment platform of Tifosy Capital & Advisory as the arranger and authorised offeror of the share offering.
Pre-registration for shares opened last Tuesday at www.tifosy.com/rangers with priority access to the investment page ahead of the full public offer.
The response to the Rangers Share Offering has been phenomenal, with thousands of supporters logging in to sign up for access to the Priority Period to apply for Shares.
Chairman, Douglas Park commented:
We have been overwhelmed by the response. We knew that there were a significant amount of people wanting to own Shares in Rangers, but still we’ve been astonished by the number of people signing up. It is testament to the commitment and loyalty of our amazing fans.
Pre-registering for the Rangers Share Offering is not a commitment to buy Shares: prospective investors will be able to review the Offer Document and then decide how to proceed. However, everyone who pre-registers will be sent a link to the investment page and will have an exclusive Priority Period of 1 week to apply.
Deputy Chairman, John Bennett, added:
It is possible that all the shares will be allocated in the Priority Period so I would suggest that those who have an interest do pre-register. It’s worth having that priority access to make sure you’re in with a chance.
Article Copyright © 2021: Rangers FC
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