Andrew Cavenagh and 49ers Enterprises will now pump finances into the Ibrox side after their investment was ratified at a special EGM on Monday.

All four resolutions at the meeting, held at the Doubletree by Hilton at Glasgow Central, were passed. Over 98 per cent of the votes were in favour on each.

The votes passed will allow unrestricted investment, beyond the ten per cent cap which was in place following the previous AGM.

RIFC plc will change to become a private limited company as Rangers International Football Club Limited.

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The first and only "ordinary" resolution reads: "THAT, the directors are generally and unconditionally authorised for the purposes of s551 Companies Act 2006 (CA 2006) to exercise all the powers of the Company to allot shares in the Company and to grant rights to subscribe for or to convert any security into shares in the Company up to an aggregate nominal amount of £1,000,000, provided that:

A) (unless previously revoked, varied or renewed by the Company) this authority will expire on 31 December 2025, save that the directors may, before this authority expires, make offers or agreements which would or might require shares in the Company to be allotted, or rights to subscribe for or convert securities into shares to be granted, after its expiry and the directors may allot shares or grant rights to subscribe for or convert securities into shares pursuant to such offers or agreements as if this authority had not expired;

and

B) this authority replaces all subsisting authorities previously granted to the directors for the purposes of s551, which, to the extent unused at the date of this resolution, are revoked with immediate effect, without prejudice to any allotment of shares or grant of rights already made, offered or agreed to be made under such authorities."

The second resolution to be voted on, reads: "THAT, subject to the passing of Resolution 1, in accordance with s570 CA 2006 the directors are given power to allot equity securities (as defined in s560 CA 2006) of the Company pursuant to the authority conferred by that resolution as if s561(1) CA 2006 did not apply to any such allotment, provided that:

(a) this power is limited to the allotment of equity securities up to an aggregate nominal amount of £1,000,000;

(b) (unless previously revoked, varied or renewed by the Company) this power will expire on 31 December 2025, save that the directors may, before this power expires, make offers or agreements which would or might require equity securities to be allotted after its expiry and the directors may allot equity securities pursuant to such offers or agreements as if this power had not expired; and

(c) this power replaces all subsisting powers previously given to the directors for the purposes of s570, which, to the extent unused at the date of this resolution, are revoked with immediate effect, without prejudice to any allotment of equity securities already made, offered or agreed to be made under any such power."

Resolution three, regarding the club being re-registered as a private limited company reads: "THAT the Company be re-registered as a private limited company under the Companies Act 2006 under the name of Rangers International Football Club Limited."

And the final resolution reads: "THAT, with effect from the Company’s re-registration as a private company, the articles of association appended to this general meeting notice (the New Articles) be approved and adopted as the new articles of association of the Company in substitution for, and to the entire exclusion of, the existing articles of association of the Company."