The legendary club intends to use the funds for strengthening the player squad, improving and developing their properties and facilities.
Formed in 1872, The Rangers Football Club has won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners’ Cup in 1972. They play at the 51,000 seater Ibrox Stadium, the Scotland’s only UEFA elite club stadium, owns a 38 acre Murray Park training facility. Rangers remained in the top division until the end of the 2011–12 season, during which the company became insolvent and entered administration. Acquired by new owners at the end of July 2012, they now play in the Scottish fourth tier league (Division 3).
Commenting on the announcement, CEO Charles Green said: “From the time we acquired the business and assets of Rangers FC, we indicated our intention to list the Company and provide our fans with the opportunity to invest in their Club. I am delighted that our plans are coming to fruition.
“Rangers is debt-free and a huge club with enormous support and a 140 year track record of success on the domestic and international arenas. Our aim is to return the Club to its glory days whilst ensuring it is run efficiently and profitably”.