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New power struggle at Rangers

02 Aug 2013 19:31:56

New power struggle at Rangers

The power struggle in the Rangers boardroom took a fresh twist on Friday as Charles Green returned to Ibrox and a group of disgruntled shareholders called for the removal of key directors.

Green, who resigned as chief executive in April, has been appointed as a consultant to the company and will now help to "promote the interests" of the Light Blues.

Hours after the appointment was announced, a further statement to the London Stock Exchange revealed that a group of shareholders - including former Ibrox director Paul Murray - had launched an official bid to join the board and have called for the removal of chief executive Craig Mather.

The statement read: "The board of Rangers confirms that, on 1 August 2013, it received a notice requisitioning a general meeting of shareholders.

"The requisition puts forward resolutions for the removal of Craig Mather, Brian Stockbridge and Bryan Smart as directors of the company and the appointment of Paul Murray and Frank Blin as directors of the Company.

"The board is verifying whether the requisition is properly constituted and further announcements will be made as appropriate."


PA

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