Nottingham-based businessman Craig Mather has confirmed his investment in the Rangers newco.

Charles Green, chief executive of the Ibrox club, revealed yesterday that Mather has invested more than £1million for a share of about 10%.

Mather, who is the managing director of Simply Sport Management and runs a manufacturing business, hopes his contacts can help the club move forward.

A statement from Mather on the club's official website read: "I am delighted to have invested in The Rangers Football Club with my business partner Guy Gisborne.

"In addition to the financial investment, my sports management business, Simply Sport Management, specialises in youth players. I am confident that my colleagues and contacts within this field will prove invaluable.

"The facilities within the youth academy and training centre at Murray Park are world class and we must continually improve to ensure that the players coming through are of the same standard.

"I look forward to being part of the team rebuilding this fantastic club."