Next Game

Hearts v Rangers

Saturday, 02 May 2015, 12:15

Scots Champ

Ibrox Stadium

Last Game

Rangers 2 - 2 Falkirk

Saturday, 25 April 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

I

think Liverpool should start trying alternative therapy now, given that Sturridge's hips and knees are apparently unfathomable to modern medicine. Voodoo, acupuncture, healing oils, rolling in the snow after a hot bath, its all got to be worth a go now.

slideways
Sturridge doubt for run-in

W

ell thats the most one sided, Mourinho ass kissing, Terry loving conlcusions I have ever read. Does Daniel Storey have a tattoo of the Chelsea crest on his calf too? What a plonker.

goonergo
16 Conclusions: Arsenal 0-0 Chelsea

F

or the laugh we should finish the season with a front three of Borini & Balotelli, spearheaded by one R Lambert. What's the actual worst thing that could happen?

batdog
Liverpool 'can finish fourth'

Footer 365

Jose Mourinho: Cesc Fabregas not in PFA team 'strange'

Chelsea manager Jose Mourinho says it is 'strange' that the PFA Team of the Year has no place for Cesc Fabregas.

Chelsea captain John Terry: We are definitely not boring

Chelsea captain John Terry claims that nobody will remember their defensive performances in the title run-in.

Javier Hernandez is hard to drop on current form, says Real Madrid boss Carlo Ancelotti

Real Madrid coach Carlo Ancelotti admits Javier Hernandez's starting position is non-negotiable given his current form.

Mail Box

Mail From Fan Who Craves Relegation...

In this case it's a Sunderland fan who just wants to see a clear-out. We also have mails about Arsenal, Chelsea, Liverpool and Everton. It's long and it's sexy...

Is This What Arsenal Fans Feel Like?

'It's all well with the short and pretty passes, but we did absolute f*** all up front,' writes one Man United fan. We have mails on Chelsea, Brendan Rodgers and...

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