Charles Green is pleased with the reaction of fans to the announcement that they can buy into his plans for the club. On Thursday, The Rangers chief executive announced the club were to seek admission to the Alternative Investment Market (AIM) of the London Stock Exchange in the hope of raising up to £20million. The plans are that any funds raised will be used for "strengthening the player squad, improving and developing the club's properties and providing additional working capital". Green, who values the Ibrox club which is currently playing in the Scottish Third Division at £25-30million, hopes to have their admission to the AIM completed by the end of November. He has welcomed what he described as a "very encouraging" early response from the club's support. Green said: "By close of business last night, Capita, the company handling share registration, had received registrations of interest in buying shares which, on completion, would be a very significant step towards us achieving our objective. Although these are registrations of interest at this stage, we find this a very encouraging early response, particularly since the registration process had only been operative for 24 hours. This is an early indication of interest but I would like to thank fans for the support they have given the process so far and we are pleased that fans have the opportunity to invest in the club. I think this shows once again that Rangers are a big club with a big support. Now we are a debt-free business there is every opportunity for the club to be run efficiently, effectively and successfully."
Source: FOOTYMAD
