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Rangers fans urged to become major stakeholder

Rangers Supporters Trust have urged fans to become a major stakeholder.

08 March 2010 11:57 GMT

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Rangers fans urged to become major stakeholder

Selling Up: Fans urged to invest in Rangers Pic: ©STV

Rangers Supporters Trust spokesman Stephen Smith highlighted the need for fans to become more involved in the club’s ownership after it was revealed the club had entered into talks about a possible takeover.

Murray International Holdings have entered into early discussion with property developer Andrew Ellis about the possible sale of their 92 per cent stake in the club. However, Smith has urged fans to invest in the club to diversify ownership.

"They need to talk to the support, they need to talk to the Trust, the Rangers Assembly and Rangers Association and to get the fans to invest and become a major stakeholder,” said Smith. "There is a great capacity for that.

"What we don't want is the transfer of Rangers from one rich man to another rich man or a group of rich men and we wouldn't be able to do anything about it.

"We have to make sure this doesn't happen again and the only to do that is to diversify the share ownership of the football club."

The Ibrox side released a statement on Monday revealing they had entered into early discussions with potential buyer Ellis.

Ellis is at the forefront of a consortium, RFC Holdings, who served notice of their interest in buying the club reportedly for £33 million. However, Rangers are currently in £31 million worth of debt, with managers and backroom staff operating without a contract.

Despite the setbacks Rangers are currently top of the Scottish Premier League 10 points clear of Glasgow rivals Celtic.

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