CLUB 1872 will plough £1million into Rangers as part of the upcoming Ibrox share issue following a fundraising drive and poll from members.

The organisation were set a deadline of Thursday by the Rangers board to confirm their level of investment.

Members voted in favour of a proposal to use cash set aside for projects to purchase shares and Club 1872, the second largest stakeholders in RIFC plc, will now play their part in the rights issue.

Chairman Dave King revealed last month that he hoped to raise around £6million, while loans from a handful of Ibrox investors will be converted to shares.

Club 1872 Director Laura Fawkes said: “A huge thank you to all our members for their regular donations and those in our membership and the wider support who made one-off donations towards our share issue campaign.

"These funds will not only put more shares into the hands of Rangers supporters but will go directly into the club to assist with the rebuilding process now underway under Steven Gerrard.

“For Club 1872 to raise this level of funding purely through donations from around 7500 Rangers supporters shows the huge potential of the organisation.

"What we can achieve together will be determined solely by how many supporters take part.

"When we look at the number of supporters involved, we have only scratched the surface of the contribution that we can make to Rangers. We hope that investment into the club on this scale will show the thousands of supporters out there who have not yet joined us, that there are huge benefits of doing so.

“Club 1872 is still a young organisation and we are learning all the time but there is no question that if our support acts together we can be a formidable force, not only in pushing our football club back to where it belongs but also in making sure that the the damaging events of the past can never be repeated.”