Support group in push for the board
to secure a place for Club 1872 on the Plc board.
“Our Articles of Association state that members must take all key decisions and this clearly falls into that category. It is a major policy matter and it represents a significant step for the organisation.
“The Club 1872 board held a meeting on 27th December and agreed unanimously that we would poll members on this matter. This poll is now open and will remain open until midnight on Friday 12th January.
“If members vote for us to move forward on this basis then we will formally approach the RIFC board to open discussions about securing a place on the Plc board.
“We would also then open a wider consultation with members on how Club 1872 would take practical steps to achieve this objective.
“The proposal generated by that consultation, and discussions with RIFC, will then be put to members for a final vote.
“We expect this process to take a number of months and would ask that members’ expectations are realistic in that regard.
“Whilst we have achieved a significant milestone in becoming the second largest shareholder, we would like to make it clear to members that there is no automatic right to an RIFC board place.
“We do however believe that this would be an appropriate step given the level of our shareholding and the upcoming opportunity for the organisation to invest further large sums directly into the club.
“The Club 1872 board believes that the time is right for the organisation to make the transition from shareholding fans group to one of the major investors in Rangers.