Ashley requests to remove Rangers bosses
Wed, 8th October 2014

Ashley requests to remove Rangers bosses

By Matthew Ord, Digital Staff Writer

Newcastle United owner Mike Ashley has requested that Rangers remove their chief executive Graham Wallace and director Philip Nash.

The notice was issued to Rangers International Football Club by Ashley, whose MASH Holdings recently upped its stake in the club to almost 9 per cent.

The club are "currently verifying that the notice is properly constituted".

In a statement on the stock exchange, the club said: "If valid, the board intends to seek to have such notice withdrawn in order to avoid the cost and disruption of an ad hoc general meeting particularly given the company's forthcoming annual general meeting, further details of which will be announced in due course.

"The board is united in its support of the executive team. If the notice is valid and is not withdrawn, the directors intend to recommend that shareholders vote against the proposed resolutions."

Article by
Matthew Ord

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category North East  |  source Insider Media