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New Board Announced At Rangers

Fri 15th Jun 2012 | Clubs Ownership

Newly formed The Rangers Football Club have announced the appointment of directors and chief executive officer of the company.

Charles Green, who officially took control of the Glasgow club yesterday, has been appointed CEO and will sit on the company or plc board with Malcolm Murray appointed as chairman.

Speaking in a RangersTV interview Charles Green said: "We've had meetings with the SFA, where we went and introduced some of the new directors to their representation board. We've had meetings with the SPL too.”

New chairman Murray has spent most of his career managing some of the UK's biggest pension funds, has experience in football through his purchase and stewardship of a 25% shareholding in Manchester United which led to him working closely with the executive management team.

Commenting on his appointment, Murray said: "It is a great honour to be invited to become non-executive Chairman of an iconic football club.

"Those responsible for bringing the Club to its knees should start by apologising to supporters who have been left to face the consequences.

"I have spent most of my working life developing a long-term investment philosophy, taking stakes in companies and working closely with the boards while imposing the highest standards of corporate governance.

"It is my firm intention to ensure high standards of transparency and probity are adopted and the Club will be managed with a prudent long-term strategy avoiding the fiefdoms and excesses of the past.”

The Club also announced that Brian Stockbridge will be Financial Director while Imran Ahmad of Zeus Capital, who are highly experienced in the flotation of football clubs, will join the Board as a non-executive Director.

On completion of the takeover, Green spoke out following a late bid by former Rangers boss Walter Smith to take control of the club which many fans would have preferred.

"Fans have to understand the key issue today for Rangers is not whether Walter Smith, Charles Green, Douglas Park or Uncle Tom Cobley owns the club,” Green said.

"Today we are out of the SPL. Today we are not in the SFA. These are problems that we have to deal with to get this football club back playing football here.

"If people don't want to back me because they're unsure or they have doubts, that's fine. I'll be disappointed but that's life.

"It's understandable after what has happened at this football club in the last five or 10 years. What I would ask them is not to hinder us.

"But if we look back just a few weeks to see where the club was with The Blue Knights' deal collapsing and Bill Miller going back to America, what were the prospects then?

"Where we are today is Duff and Phelps are finishing their administration and we will pass over to liquidation with HMRC's representatives carrying that out.

"For Rangers Football Club, it's all about the future now. We are still proud of our heritage and history and we have made sure that is retained too."

Posted by: Aaron Gourley

http://www.buttonshut.com http://www.buttonshut.com http://www.buttonshut.com

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