Next Game

Hibernian v Rangers

Saturday, 25 July 2015, 12:30

Petrofac Training 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'

More of the games that matter

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

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."

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

D

on't go to England at your age, you'll either be mugged or not appreciated. Or made to lump the ball long to a bloke who looks like a mascot.

megabrow (cufc)
Beckenbauer warns Schweinsteiger

F

rom the headline I presumed he meant boots, pants, jim-jams, toothbrush and paste, passport, tickets, premier inn long-term package, Scouse-English-Portuguese-German dictionary, 'How to be a 9 and 3/4' by B. Rodgers, few dozen tins of food and Evian because you can never be sure about the local food/water...

KevinBoatang
Firmino has 'everything' for PL - Willian

H

e looked like he was playing with a plastic pound shop ball in the wind against Juve, his passing was so bad.

paddy7s
Sergio Ramos: Exactly What United Need

Footer 365

Arsenal striker Lukas Podolski to sign for Galatasaray on Saturday

Arsenal striker Lukas Podolski will complete his transfer to Galatasaray on Saturday afternoon.

England's Laura Bassett: 'I wish no-one knew my name'

Laura Bassett says she is still deeply hurting after her stoppage-time own goal ended England Women’s World Cup dream.

Gerrard turned down Euro move

Former Liverpool captain Steven Gerrard admits he turned down a "couple of nice opportunities" to move to a club in Europe in order to sign for Los Angeles Galaxy.

Mail Box

Has Everyone Forgotten About Khedira?

Sami Khedira is one of the signings of the summer and yet he's flown completely under the radar. Plus Dommy S's views of women's football get a right old shoeing...

Women's Success Won't Alter Viewing Habits

The Women's World Cup hasn't inspired everyone. Also in the Mailbox: a plastic's guide to Brazil, Nani regrets, tears over Henry, and The Beach Boys...

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