Businessman invests £5m in Rangers as part of share issue

Businessman Stuart Gibson has invested £5m into Rangers as part of a new share issue at the Ibrox club.

Existing shareholders have also increased their holding, meaning the club has received more than £8m of investment since the creation of new shares was approved at last year’s AGM.

Gibson had loaned Rangers £1m earlier this year and that has been converted into shares with the businessman, who is based in Japan, putting in a further £4m in September.

He now becomes the club’s fourth-biggest shareholder with an 8.27% stake in the club.

Dave King’s New Oasis Asset Limited remains the largest shareholder with 22.06% of the club, followed by chairman Douglas Park who owns 13.23% of the shares.

Businessman George Taylor controls 10.45% of the shares.

Rangers posted a loss of £11.3m in their last published accounts in November of last year.

The club expect another round of investment before the end of 2020.

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