Celtic Park

Next Game

Celtic v Rangers

Sunday, 01 February 2015, 13:30

Scot League Cup Semi-Final

Last Game

Alloa 0 - 1 Rangers

Saturday, 10 January 2015, 15:00

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

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

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".

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

O

ne of the conclusions from this list is that Man City should never buy a striker in January - good luck Wilfried Bony....

Savinator
F365's Top Ten Worst January Panic Buys

I

was there, it was embarrassing - the team looked totally unbalanced from the off, the defence was woeful and when Mikel came off injured it got even worse with nobody in front of them. Up front on several occasions we had opportunities and nobody would shoot - it was a complete farse! On the back of Salah's performance I'm glad there is talk of getting shot...

Fly1ngh1gh
Cup defeat shames Mourinho

G

reat to see Tommy Rosicky getting some love. A wonderful player. Such a pity we lost so long to injury. I was so excited when we signed him, this resurgence only makes the absences seem more of a lost opportunity.

cheshire-gooner
16 Conclusions: FA Cup Fourth Round Weekend

Footer 365

Transfer news: Tottenham's Emmanuel Adebayoyor interesting PSG and QPR

Paris Saint Germain are interested in signing Tottenham’s Emmanuel Adebayor on loan, Sky sources understand.

Transfer news: Dundee United defender Keith Watson has joined Hibernian

Dundee United defender Keith Watson has joined Hibernian on loan until the end of the season.

Luis Figo enters race to challenge Sepp Blatter in FIFA presidential election

Former Ballon d'Or winner Luis Figo has announced his intention to stand for the FIFA presidency.

Mail Box

'Diego Costa Is A Thug.' Sore Losers..?

There is plenty of fallout from Diego Costa's stamps of authority on Tuesday's League Cup semi-final. Plus Blatter, Rodgers' substitutions and stretching the transfer truth...

The Problem With FA Cup Shocks...

...is that the draw for the next round is pretty shocking. Blackburn v Stoke, anybody? We also have mails on LVG and ManUnited, who drew plenty under Fergie...

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