IN a surprise move, Imran Ahmad, the Managing Director of Zeus Capital, has quit his high-powered position to work as the commercial director for bottom division football team Rangers.
The Manchester-based corporate finance advisory firm has been expanding rapidly and recently opened a London office and employed top professionals to service its growing client base.
Zeus has also joined Global M&A, a cross border corporate finance advisory network to bolster their expertise in overseas transactions and bring overseas purchasers to the deals they assemble.
Imran joined Zeus Capital in April 2012 as MD after previously founding Allenby Capital Limited in September 2008. It grew from nothing to having almost 40 AIM clients by the time Imran, the chief executive, sold his stake three years later.
He became involved in the acquisition of oldco Rangers and worked with Charles Green to buy the business and assets from the administrators for £5.5 million. As part of the deal Imran and fellow Zeus director Brian Stockbridge joined The Rangers Board and Zeus and its associates also invested in the newco Rangers.
Imran Ahmad was yesterday given the title of commercial director responsible for generating and developing new business and investment opportunities at Rangers and Charles Green said said: “My roles have been stretching me to the limit and certainly the commercial side is something we want to improve upon.
“Imran has been alongside from the start and he knows where we want to take the club. He is a very experienced hand and someone I trust completely. For Imran to leave his post at Zeus to join us is a very good step for the club.
“The other key members of the senior management team have been working with him since May so it’s not as if we have brought some off the street with no knowledge of the people and the culture of the club.”
Yesterday former owner Craig Whyte claimed: “I was the one who found a buyer – it wasn’t Duff and Phelps. My colleagues in London – when no credible buyer was coming forward – went out and used our contacts in the city to find… to put a suitable deal together.”
Asked if he was the one who had brought Mr Green to the table, Whyte answered: “Absolutely. I introduced them to Duff and Phelps.”
Last night Charles Green admitted that Craig Whyte had introduced him to D&P in a London Chinese restaurant but claimed “no previous association with Whyte” and said it was “misleading to suggest he ‘brought us in’.”
He added: “I was brought to the transaction by Imran Ahmad following Duff and Phelps contacting Zeus Capital in February, due to their experience in the football sector.”
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