Club 1872 consists of a mix of community interest companies and limited companies where all of the assets of Club 1872 are ring fenced and protected to be preserved for its members through the generations.
Funds raised through Club 1872 are spent as determined by its members and according to the constitution. Any alteration to this principle requires the agreement of 75% of the voting members.
By default, funds contributed will be split as below:
47.5% – to purchase shares in RIFC. This may be through share purchases from existing shareholders, as part of future share offerings initiated by RIFC or through the provision of loans which are converted to equity.
47.5% – Club 1872 projects identified by contributors following a vote. It should be noted that this includes the option of the funds being allocated to purchase shares if that is what the membership decide. Setting funds aside in this way gives the members more flexibility to decide how they are spent. It is not envisaged that these funds would be provided to Rangers for general working capital purposes but rather they would be provided for defined purposes laid out and voted on by the members. The use of these funds would be subject to members’ vote at all times.
5% – Club 1872 administration costs. This will include the funding of support roles to improve response time for membership queries and improve member interaction with Club 1872. The board of Club 1872 will oversee this spending and provide a full breakdown to members on an annual basis. Over time and with growth in numbers it is hoped that the 5% set aside for administration can gradually be reduced.
Note: Members can amend the portion of their own contribution which is spent on shares or Club 1872 projects. They can do this through their profile on this website or during the sign up process and can opt to have their full contribution (minus administration costs) spent either only on shares or only on projects.