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Craig Mather Resigns As Rangers CEO

Wed 16th Oct 2013 | Clubs Ownership

The long running power struggle at Rangers has claimed its latest victim after CEO, Craig Mather announced he is to stand down from the position.

In a statement on the club’s official website, Mather has agreed to stand down in an attempt to help calm speculation over the governance and executive management of Rangers.

“The interests of the club are of paramount importance and I believe these are best served by me leaving the club,” Mather said.

“Despite recent events and speculation, the facts of the matter are that the club is financially secure and in a far better place than it was a year ago.

“Unlike most football clubs Rangers has money in the bank, no borrowings and this season we have assembled a squad which is capable of progressing through the leagues.

“I have enjoyed a very constructive relationship with Ally McCoist and wish him and the team every success.

On Monday, a group of Rangers shareholders, including former director Paul Murray and former Chairman Malcolm Murray, succeeded in their bid to delay the club's annual general meeting (AGM).

The court ruled that the AGM should not go ahead on October 24 in order to allow sufficient time for the shareholder resolutions proposed by the petitioning shareholders to be circulated and considered. The group  had petitioned the court for an interim order to require the company to put forward resolutions to shareholders for the appointment of Malcolm Murray, Paul Murray, Scott Murdoch and Alex Wilson as directors of the company.

Following the postponement of the AGM, Mather’s resignation comes after shareholder Paul Murray said his position at the club had become untenable. 

In his statement, Mather continued, “My short tenure as chief executive has been beset by incessant attempts to destabilise the operations of the club, all done supposedly in the interests of Rangers.

“I had real faith in the rebuilding of Rangers and invested significantly in the club. Sadly, those who have been most active in upsetting the very good progress we have been making were not willing to do the same.

“I leave with my head held high and will remain as a shareholder and a supporter of Ally and his team.

“I would also like to pay tribute to the outstanding commitment and loyalty of Rangers supporters.

“No individual is more important than Rangers and my departure will hopefully alleviate some of the pressure surrounding the club and herald an end to the current hysteria, which I believe most fans desperately want to see.

“I have always tried to do my best for the club and the fans and I will continue my support of what is a fantastic club.

“There are a great many good and thoroughly decent people working with Rangers and I am proud to say that I was able to stand alongside them for a time.

“It is often forgotten that I put in £1m of my own money but I can assure everyone that it was never about the money for me.

“I consider it to have been my privilege and I am certain that once the Board is settled Rangers will be restored to the top of Scottish football.”

Posted by: Aaron Gourley

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