Mike Ashley has sold his shareholding in Rangers and the largest Light Blues supporter group has snapped up half of his Ibrox stake.
The news comes just two days after Rangers chairman Dave King brokered a peace pact with the Sports Direct chief that provides the Ibrox club with a new £5million-a-year retail deal.
Ashley's firm MASH Holdings Limited bought an 8.9 per cent stake in Rangers International Football Club Ltd (RIFC) when the company was floated by former chief executive Charles Green in 2012.
But he has now sold a 4.46 per cent tranche to fan group Club 1872, with the rest bought by Julian Wolhardt, chief operating officer of Hong Kong-based Dehong Capital Partners.