RANGERS International Football Club plc note Rangers First’s decision to seek approval from its members to offer the Club a loan of £500,000.
The Club is not considering further loans at this time beyond what has already been committed and announced. However, any offer from Rangers First will be considered as part of any future fund raising.
Rangers remains committed to forging even closer links with supporters and the Club is working on a new initiative to make this possible. It is hoped all of the Club’s fan groups, including Rangers First, will participate fully in acquiring a larger stakeholding in the company and this initiative by Rangers First could be incorporated into such a proposal.
It should also be understood that Rangers First was not approached by the Club for funding and, despite what has been incorrectly reported, had no discussion whatsoever with the chairman, Dave King, that their funding, if accepted, would be matched by Mr King.