Last Game

Motherwell 3 - 0 Rangers

Sunday, 31 May 2015, 15:00

Scots Prem PO Final Round Play-Offs

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

A

h ha ha, excellent. Let's hope he goes on the run. Then they hunt piggy down for scoffing all the apples. At least he's done something right - he has united football fans, regardless of who they support, against FIFA and all those at the top who have been bleeding the game for their own means and giving nothing back.

GVMUFC
Blatter 'under investigation'

S

till reckon Chelsea will go for Khedira as back up for Matic. I think it will turn out to be quite a Mourihno-y window: We'll see the squad players and youth in action pre-season, say things like well, we need not buy anybody and then the club will bid £60m for Pogba and send everybody on loan.

tk421
F365's Transfer Guide - Part One

I

would love to be a fly on the wall at the meeting between Milner and Rodgers. I don't know if flies can count, but if they can then I would be counting the number of times Rodgers used the word outstanding in his attempts to get Milner to sign.

godzilla
Reds and Arsenal chase Milner

Footer 365

Rafa Benitez named new coach of Real Madrid

Rafa Benitez has been confirmed as the new coach of Real Madrid on a three-year contract.

Michel Platini postpones UEFA meeting after Sepp Blatter quits

UEFA has postponed a Champions League meeting after Sepp Blatter announced his intention to resign as FIFA president.

Mourinho 'not interested' in Griezmann

Chelsea boss Jose Mourinho has ruled out making a move for Atletico Madrid forward Antoine Griezmann this summer.

Mail Box

Celebrate Good Times, But Hard Work Starts Now

The Mailbox is joyous over the impending departure of Sepp Blatter, but offers a reminder that problems remain. Plus title winners, CL play-offs and Nigel Adkins...

Liverpool 2015 Feels Like Liverpool 2011...

One Mailer says Benteke = Carroll, Bellamy = Milner and Clyne = Downing. Plus we have U21 Euro impatience, farewell Rio, Rafa Benitez, Milner, FIFA and title play-offs...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company