CLUB 1872 have broken through the 1,000 new members barrier as they bid to become the largest shareholders at Ibrox. 

The fan organisation have agreed to purchase the major shareholding held by Dave King as he prepares to relinquish his 20.37 per cent stake in RIFC plc. 

Club 1872 will pay £13million over the next three years as King hands over his shares and gives fans a meaningful say in the running and future of their club. 

Club 1872 are seeking to treble their 7,000 membership base as part of their ‘Legacy Campaign’ - which sees fans donate £500 either as a one-off payment or in monthly instalments - to allow them to buy out former chairman King. 

A statement read: “We are delighted to bring you the news that on day one of our Legacy Campaign, we welcomed over 1000 legacy members who each committed to helping to fund our purchase of Dave King’s entire shareholding in RIFC. 

“This is an incredible response from the Rangers support and we extend our thanks to our new members and to those existing members who’ve switched to legacy donations in the past 24 hours.

“We have been inundated with emails and social media enquiries. If you have been in touch and not yet received a response, please bear with us as we work through our messages to answer questions from existing members and those interested in joining us. In the meantime, many of your questions have been addressed on our website.”