Club 1872 have outlined discussions with Rangers chairman Andrew Cavenagh that could see supporters benefit from a new working relationship with the Ibrox boardroom.
The fan owned organisation have spent recent months attempting to repair the broken bond with the Light Blues board following a series of public and private disagreements. Those conversations were held before Cavenagh and the consortium - headed by 49ers Enterprises – became locked in talks over their multi-million pound takeover deal.
Rangers confirmed last month that the American investors had secured a 51 per cent major shareholding in RIFC plc as sweeping changes were made around the top table. Cavenagh has been named as chairman, while Paraag Marathe has joined as vice-chairman. Mark Taber, Andrew Clayton and Gene Schneur have also taken up boardroom seats ahead of the EGM next Monday morning.
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Official representation at that level has long been an ambition of Club 1872 but that option is not on the table for the incoming regime. The organisation could, though, still have a part to play in the new era as talks get set to continue.
A statement read: "Club 1872 is pleased to announce that we held a very positive meeting with new Rangers Chairman and lead consortium member, Andrew Cavenagh and Chief Executive, Patrick Stewart [on Monday].
"Since John Bennett became chairman in April 2023, Club 1872 has been meeting regularly with Rangers to find a way forward on a proposed funding model which would fit with the club’s strategy and allow renewed investment directly to the club for shares as well as funding key heritage projects of significance to the Rangers support.
"At each stage of those discussions, progress was made but then delayed by the regularly fluctuating situation with the senior leadership of the club. We have met with three different chairmen and two different chief executives over that time.
"We sincerely apologise to contributors for our relative silence during this time but we were dealing with those regular changes to the senior decision makers at the club and were mindful of confidentiality considerations and sensitivities in that ever changing landscape - particularly in recent months with a live takeover in play.
"We welcome this early opportunity to speak to Andrew Cavenagh and outline our funding proposal, the significant funds we have available to invest and to gain an understanding of the priorities of the new owners.
"We also had the opportunity to discuss the upcoming EGM, the change in the company structure and the investment strategy of our new owners going forward. It is our intention to find a way in which Club 1872 can fit into that strategy that all parties are comfortable with and we were encouraged by our initial talks in that regard.
"We will now continue those discussions with a view to presenting a proposal to contributors for their consideration in due course. In the meantime we will shortly publish our poll for the upcoming EGM."
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