Source: Team_Talk
Bain's Ibrox departure confirmed
Martin Bain's resignation from his position as chief executive of Rangers has been confirmed in a statement by the club to the stock exchange.[LNB] Friday afternoon's statement read: "The board announces that Martin Bain has resigned as a director and employee of the company with immediate effect."[LNB]Bain revealed earlier this week that he had instructed his lawyers to open legal proceedings against Rangers. Bain and fellow director Donald McIntyre were suspended by the club last month pending an internal inquiry.[LNB]That development had followed the removal from the board of chairman Alastair Johnston and director Paul Murray in the wake of new owner Craig Whyte's takeover of the Scottish champions.[LNB]Whyte has been quoted as saying there was "no need" for a chief executive following the recent appointments of Gordon Smith as director of football and Ali Russell as director of operations and commercial activity.[LNB]In quotes carried in the Daily Mail, Whyte said: "In Gordon Smith we have a focused, experienced guy working on our set-up at Murray Park and looking at youth development.[LNB]"Ali is more on the commercial side, looking for new deals and so on. With him doing that and Gordon on the football side, we've got most things covered."[LNB]Confirming his plans to take his case to court, Bain said in a statement on Monday: "I would like to thank everyone for their messages of support and for those in the wider Rangers family who have expressed their disappointment in the way my situation has been dealt with.[LNB]"Serving RFC for the last 15 years has been a privilege and although we have had tough times I have always had the loyal support of our fans and supporters.[LNB]"It was not pleasant for me or my family to read in newspapers that I had been replaced and never to return to the club I have served with pride.[LNB]"However I will now hand matters over to my legal advisors.[LNB]"Those responsible will have the opportunity to explain what they have done and why in court."[LNB]
