Rangers fan group Club 1872 insists they still hope to increase their shareholding in the club after Dave King ended the share purchase agreement.
Plans had been in place for the supporter group to step see the organisation gain more than 25 per cent of shares from the former Ibrox chairman giving Rangers fans a voice in the running of the club, and allow the group a stronger standing in future share issues. King stated on Tuesday that the plans to allow Club 1872 more time to complete the purchase in the Scottish Premiership giants have proved "futile" with the financial sums paid out by December 2022 falling well short of the initial agreement, and that the plan had been scrapped.
In a lengthy statement, the former Ibrox chief put the blame for the failed move towards a greater say in the club down to a number of reasons including "the club’s recent campaign against Club 1872 and its officers". While a Club 1872 statement conceded the "disappointment" at the businessman's decision they were still exploring "other avenues" to increase their Rangers shareholding.
