Former chairman Dave King has revealed the agreement for Club 1872 to purchase his Rangers shares has now been brought to an end.
The supporter group completed their first share purchase from King back in 2021 after a a £13million deal had been struck with King to purchase his major shareholding within the Scottish Premiership side. The end goal was to see the organisation gain more than 25 per cent of shares, giving Rangers fans a voice in the running of the club, and allow the group a stronger standing in future share issues.
However, King has now revealed plans to allow Club 1872 more time to complete the purchase have proved "futile" with the financial sums paid out by December 2022 falling well short of the initial agreement. In a lengthy statement, the former Ibrox supremo 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".
