Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Rangers Directors Removed From The Board

Tue 24th May 2011 | Clubs Ownership

Rangers FC have confirmed that Alastair Johnston and Paul Murray were removed as directors of The Rangers Football Club P.L.C.

It’s also reported that directors Martin Bain and Donald McIntyre have been suspended by the club pending an internal inquiry,

Rangers released the statement on their official website confirming Johnston and Murray had been removed from the board

“The board announces that on 23 May 2011 Alastair Johnston and Paul Murray were removed as directors of The Rangers Football Club P.L.C.

“The Directors of The Rangers Football Club P.L.C. accept responsibility for this announcement.”

The suspension of Bain and McIntyre was confirmed by a source at Ibrox to the Press Association.

It’s understood that chief executive Bain, and McIntyre, who has served as an executive director, secretary and financial director, are the subject of an investigation into "irregularities".

However, the nature of the irregularities have not been confirmed.

It is understood that McIntyre was present but Bain was informed by conference call although both remain on the board at present.

Johnston had been critical of new owner Whyte during the recent takeover process and Murray had been behind a rival buy-out bid.

In another statement to the stock exchange this morning, read: "The board announces that Cairn Financial Advisers LLP has been appointed plus corporate adviser to the company with immediate effect."





If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk


Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Chinese company 5USport buy stake in Northampton Town

Mon 26th Jun 2017 | Clubs Ownership

Northampton Town Football Club have announced a new partnership with 5USport, a Sports Development and Education Company based in Guangzhou, China. As part of this partnership and following approval...

Leyton Orient purchased by business consortium headed by Nigel Travis, a life-long fan of the club

Fri 23rd Jun 2017 | Clubs Ownership

Leyton Orient Football Club has announced that it has been purchased by a business consortium Eagle Investments 2017 Limited, headed by British-born Nigel Travis, 67, the Chairman and CEO of Dunkin'...

Massimo Cellino Leaves Leeds After Takeover

Wed 24th May 2017 | Clubs Ownership

Andrea Radrizzani has completed his takeover of Leeds United after purchasing Massimo Cellino’s 50% stake in the club. Radrizzani, who purchased 50% of the club in January, has acquired the...

EFL Approve Chinese Investment At Reading

Wed 17th May 2017 | Clubs Ownership

EFL approval granted as Chinese investors Dai Yongge and Dai Xiu Li take majority shareholding of club. Reading Football Club has confirmed Chinese brother and sister, Dai Yongge and Dai Xiu Li, have...