Rangers announced on Tuesday that they have raised more than £22 million from their listing on the stock exhange.

Chief executive Charles Green previously stated he had secured £17m in pledges from institutional investors and had set aside £10m for fans to buy a stake.

A statement read: "A total of £22.2m has been raised from professional and institutional investors and supporters which will be used to take the club forward, strengthen the squad when appropriate and improve facilities.''
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