Rangers shares 'offering good value'

Rangers International Football Club plc has begun trading on London's Alternative Investments Market.

It is part of the London Stock Exchange, on which shares in Celtic Football Club are also traded.

Rangers raised a total of £22.2m, which chief executive Charles Green has said would be partly used to strengthen the playing squad.

H20 Markets strategist Michael Jarman told BBC News that the club "offered good value" as it seeks to climb back to the top of Scottish football.

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