City Investor Buys 1.2% Stake in Rangers

By iSportconnect | June 14, 2013

Kieran Prior, a London-based city investor has purchased a 1.2% stake in Rangers with a view of buying more.

Prior bought 785,000 shares at a cost of around £400,000 ($625,568) and has also said he wants a non-executive position on the board.

The 34-year-old former Goldman Sachs trader told the Daily Record: “I can confirm I’ve purchased 1.2 per cent of the club and I plan to increase my stake in the next 24 hours, subject to supply.

“I’ve put my money where my mouth is. I understand the scepticism by fans, given the way they’ve been mistreated in the past.

“However, it’s my aim to instill a degree of confidence among the supporters and I’ve done what I said I would do.

“I’ve heard a lot of good soundbites but no effective planning and education of the fans.

“I’m no knight in shining armour but now I can look inside the club and ask questions to which the fans deserve answers to.”

He added: “If I’m offered a board position I would not decline it but directors should be voted on, not placed there or coerced into position.

“It would be an honour to be offered a non-executive position on the board.”