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allan1990

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  1. Ibrox-gates.png

    A HUGE 3.6 million shares have been traded in Rangers this morning.

    The deals - for two blocks of 1.8 million shares which totals around 5 per cent of the club - went through within seconds of one another on the AIM stock exchange at 9.38am.

    The identities of the buyer and seller are as yet unknown but the value of the combined purchase is just shy of £900,000.

    The shares were sold at a price of 24.75p. Existing Rangers shareholders will be given the chance to buy new shares for just 20p later this month as part of the board's attempt to scramble £4m in emergency funds to stave off more financial distress.

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