Club 1872 is pleased to inform contributors and the wider Rangers support that we held a very positive meeting with new Rangers Chairman and lead consortium member, Andrew Cavenagh, Chief Executive, Patrick Stewart and other senior club executives today.
Since John Bennett became chairman in April 2023, Club 1872 has been meeting regularly with Rangers to find a way forward on a proposed funding model which would fit with the club’s strategy and allow renewed investment directly to the club for shares as well as funding key heritage projects of significance to the Rangers support. At each stage of those discussions, progress was made but then delayed by the regularly fluctuating situation with the senior leadership of the club. We have met with three different chairmen and two different chief executives over that time.
We sincerely apologise to contributors for our relative silence during this time but we were dealing with those regular changes to the senior decision makers at the club and were mindful of confidentiality considerations and sensitivities in that ever changing landscape – particularly in recent months with a live takeover in play.
We welcome this early opportunity to speak to Andrew Cavenagh and outline our funding proposal, the significant funds we have available to invest and to gain an understanding of the priorities of the new owners. We also had the opportunity to discuss the upcoming EGM, the change in the company structure and the investment strategy of our new owners going forward. It is our intention to find a way in which Club 1872 can fit into that strategy that all parties are comfortable with and we were encouraged by our initial talks in that regard.
We will now continue those discussions with a view to presenting a proposal to contributors for their consideration in due course. In the meantime we will shortly publish our poll for the upcoming EGM.
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