Ibrox Stadium

Next Game

Rangers v Q of South

Saturday, 30 August 2014, 15:00

Scots Champ

Last Game

Queen's Pk 1 - 2 Rangers

Tuesday, 26 August 2014, 19:45

Scot Comm'ties Lge Cup First Round

Somers appointment 'bemusing'

The appointment of David Somers as acting Rangers chairman has been met with bemusement by the men who hope to bring stability to the club.

Last Updated: 09/11/13 at 09:48 Post Comment

Jim McColl: Board change has left his shareholders group 'bemused'

Jim McColl: Board change has left his shareholders group 'bemused'

Jim McColl is backing a group of shareholders who hope to have former chairman Malcolm Murray, Paul Murray, Scott Murdoch and Alex Wilson appointed as directors at their delayed Annual General Meeting next month.

Somers, a chartered accountant and investment manager, joined the board on Thursday just as the AGM was confirmed for December 19, a move that comes with turmoil continuing to plague the League One club off the pitch.

But McColl's group has questioned the appointment and repeated their desire to find out if former chief executive Charles Green is still involved with the club through shareholders Blue Pitch Holdings and Margarita holdings.

They also want answers about the continuing 'poor financial performance' of the Ibrox club, who reported a £14m operating loss for the 13 months to June.

Their statement read: "We note the appointment of David Somers as acting chairman of Rangers International Football Club with bemusement.

"Is he purely independent and there to ensure the AGM is conducted properly or is he endorsing the current dysfunctional regime and trying to rebuild it?

"The Court of Session ruling was nearly four weeks ago and the spirit of it would have had the AGM done by now and democracy would have been achieved.

"His gushing praise of the history of the club has been done by many characters in this revolving door regime.

"The fans are well aware of their history and instead need to hear answers to the questions they ask vocally at every game about investors' identity, Green's involvement and poor financial performance.

"Last year's prospectus promised a high level of corporate governance. The result has been a disgrace. Mr Somers says he stands for corporate governance. As none of us know Mr Somers we have asked Daniel Stewart (Rangers' advisors) for an introductory meeting.

"Our group is ready and fully equipped to rebuild the club financially and morally and although we are being pressed by shareholders to call for a general meeting we will wait in the interests of the dwindling cash balance.

"We and they, however, will not stand for further appointments pre AGM."

Related News

Most Commented

Readers' Comments

E

ven if United were to sign CR7 & Messi to play upfront, the fact remains Fletcher and Cleverly are playing in midfield. That's where the problem is. Fletcher is too slow with an awful pass, while Cleverly is simply rubbish

mrunited4life
Di Maria - A Signing of Necessity, or Opportunity?

T

hese days, these days, you can't say something racist without somebody saying that you're a racist.

tk421
'Wrong' Views Not Silenced By Shouting...

D

rop Rooney (he's so disappointing, overrated and overpaid), and play Di Maria and RVP upfront, much like the set up at the Netherlands team with Roben and RVP...

eric bush3
Di Maria - A Signing of Necessity, or Opportunity?

Footer 365

Champions League: Emergency keeper sends Ludogorets through to group stage

Emergency keeper Cosmin Moti saved two penalties as Bulgarians Ludogorets Razgrad made the Champions League group stage.

Arsene Wenger confirms injured Arsenal striker Olivier Giroud will be out until New Year

Arsenal striker Olivier Giroud is unlikely to play again this year after having surgery on his injured ankle.

Villa and QPR shocked, Leeds lose

Aston Villa were shocked 1-0 at home by Leyton Orient in the Capital One Cup second round, while QPR lost at Burton and Bradford beat Leeds.

Mail Box

Should Kagawa Play Ahead Of Mata?

That's one question posed in the afternoon mailbox, although it looks like the Japanese playmaker could soon be on his way. Plus, tipping Palace to go down under Warnock...

Well, This Isn't Going That Well Is It?

Plenty of fall out from Manchester United's shambolic 4-0 League Cup defeat, plus thoughts on Van Persie, Arsenal strikers, Benik Afobe, Celtic and Astroturf...

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