In January 2003, three of the trust's founders, Mark Dingwall (then the editor of the Rangers fanzine Follow Follow), Colin Glass and Gordon Semple, later joined by Stevie Tyrie, decided to form a trust, after attending an open day held by Supporters Direct, an umbrella body for supporters' groups.
On 31 May 2008 Stephen Smith and Derek Howie (acting Chair and Secretary) assumed joint responsibility for conducting the Trust's business.
A member of Supporters Direct Council, Richard Atkinson, was invited to present by the owner of the Louden Tavern, Robert Marshall, on what the options and experience of fan ownership models in Scotland were to date.
The other entities of the organisation are Supporters Voice Limited which is responsible for promoting the views of Rangers fans both to the club and wider media.
However, less than three-week after it was announced that Club 1872 had purchased additional shares, enough to make it the sixth largest individual shareholder in RIFC.
[5] In November, the fans group increased its holding further to become the fifth largest individual shareholder, possessing just over five million ordinary shares.