Ibrox Stadium

Next Game

Rangers v Kilmarnock

Sunday, 30 November 2014, 12:45

Scottish Cup Fourth Round

Last Game

Hearts 2 - 0 Rangers

Saturday, 22 November 2014, 12:45

Scots Champ

Rangers put EGM on hold

Rangers have put plans for an extraordinary general meeting of their shareholders on hold.

Last Updated: 06/06/13 at 12:24 Post Comment

Rangers: EGM on hold for now

Rangers: EGM on hold for now

The club last month announced plans for an EGM following reports that major shareholders were preparing to oust then-chairman Malcolm Murray and fellow director Philip Cartmell and replace them with James Easdale and Chris Morgan.

But Murray has since resigned and handed his boardroom role to former manager Walter Smith.

A club statement issued on Thursday to the London Stock Exchange read: "On May 16, 2013, the company announced that it had received a notice requisitioning a general meeting of shareholders.

"The company is engaged in discussions with a representative of the requisitioning shareholder and the timetable for posting a notice to shareholders has been extended with the agreement of the requisitioning shareholder.

"Further announcements will be made as appropriate."

Easdale recently confirmed that he and brother Sandy, also his business partner, hoped to secure a boardroom slot as they continue to increase their shareholding.

The Greenock-based businessmen said they had a delicate deal to purchase more shares - believed to belong to former chief executive Charles Green - when they became available.

But Green has now agreed to transfer half a million shares to Isle of Man-based investment firm Laxey Partners Limited once stock market rules allow the switch on 7 December.

Green, who was listed as owning more than 5million shares in the latest documentation available on the Rangers website, resigned his position in April following "negative publicity" over his consortium's acquisition of the club last summer.

But the Yorkshireman last week claimed he had been vindicated by the outcome of an independent inquiry which found no evidence ex-owner Craig Whyte invested in the current Ibrox set-up.

The probe was commissioned by the Rangers board after Whyte alleged he was involved in the Green-led consortium's purchase of the club's business and assets following liquidation.

Morgan was named as one of the original investors when a consortium fronted by Green purchased the assets and business of liquidation-bound Rangers in June last year.

Green described him at the time as a "UK-based businessman representing family trusts".

Related News

Most Commented

Readers' Comments

L

oved the article. i remember at school, after failing an exam, I would become obscenely secretly happy if I discover that others failed as well. Misery loves company...Now here is to hoping Chelsea joins the party and Stoke city wins the league...Cheers!

gabu
The Premier League: As Crazy As A Bag Of Snakes

C

haos reached its ultimate reckoning last weekend with Tony Hibbert looking assured at left back and Osman looking like a cultured ball playing midfielder before busting a gut to get to the back post for a Samuel Eto'o ball. Different chaos but chaos. If Kone scores the winner tonight I fear the world will end.

jelasfirsttouch
The Premier League: As Crazy As A Bag Of Snakes

A

beautiful demonstration of why stats mean diddly-squat in football.

cheshire-gooner
WhoScored's PL Team Of 2014 So Far...

Footer 365

Brandao jailed over headbutt on Motta

Brazilian striker Brandao jailed and fined 20,000 euros (£15,850) for headbutting Paris Saint-Germain's Thiago Motta.

Jack Wilshere has had ankle surgery and the Arsenal man will be out for around three months

Arsenal will be without Jack Wilshere for around three months after the midfielder underwent ankle surgery.

International football: England up seven places in latest FIFA rankings

England have jumped seven places to 13th place in the latest FIFA rankings following a six-match winning run.

Mail Box

Arsenal Fans Are Full Of Hope Again...

Arsenal fans have been sucked back into believing Wenger can bring the glory years back after beating Borussia Dortmund. Plus, more on Liverpool's worrying decline...

Makes Sense To Make Gerrard Liverpool Manager

That's the thoughts of one Mailboxer, who wants Jamie Carragher as defensive coach. Plus views on Arsenal, Malmo v Juventus, Alexis Sanchez & tremendous improvement...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property