Imran Ahmad was described in the Rangers International prospectus as one of two “Key Employees”, the other being Ally McCoist, “still the club’s all-time leading goalscorer”.
However he apparently left his role as Commercial Director late in April in the aftermath of the allegations about Craig Whyte’s connections with Charles Green and the suggestion, strongly denied by Mr Green, that Mr Whyte was actually the owner of a Rangers subsidiary company.
Mr Ahmad’s fate was sealed, apparently, when a Rangers fans’ website alleged that he had been posting comments on a message board for Rangers fans, and revealing secret boardroom information, all under the pseudonym “IAmRangers”.
Mr Ahmad was never a director of RIFC PLC. However he was a director from an early stage of Sevco Scotland Ltd, which became The Rangers Football Club Ltd. That is the company which acquired the business and assets that make up Rangers Football Club and which is now a wholly owned subsidiary of RIFC PLC.
Mr Ahmad remains owner of 2.2 million shares in RIFC PLC.
Rangers made no official Stock Exchange announcement about Mr Ahmad’s fate, despite his role as a “Key Employee”.
Authoritative Rangers bloggers have suggested that he was dismissed from Rangers with no compensation. That, to be frank, seems rather surprising. Even in a clear case of gross misconduct (and from what has been made public this is a long way from being confirmed as that) company directors and senior staff usually are successful in reaching a compromise settlement, as the alternative can be a long, expensive and embarrassing court battle for the company.
On the basis too that Mr Ahmad’s departure was, apparently, linked to the allegation of his involvement in the Green/Whyte connection, what is the effect of the Pinsent Masons report which, according to the press, cleared Mr Green (even though it did not)?
On the basis that substantial shareholders are connected to Zeus Capital, Mr Ahmad’s former employers, is his departure as clear cut as alleged?
Well, yesterday Companies House recorded the resignation of Mr Ahmad as a director of The Rangers Football Club Ltd. That now leaves the only directors of that company, which, remember, is the company which owns the assets and business which make up Rangers Football club, as Charles Green and Brian Stockbridge.
Remember too that, back in April, RIFC told the Stock Exchange:-
“The Company announces that Charles Green has notified the Board that he wishes to step down as Chief Executive with immediate effect. Recent weeks have seen media interest in the circumstances surrounding the period prior to the acquisition of The Club by the consortium led by Mr Green. Whilst Mr Green strenuously denies any wrongdoing, he has recognised that this negative publicity is a distraction and is detracting from the achievements and reputation of The Club. As a result, Mr Green has informed the Board that he will leave his post with immediate effect and leave the Company, following an orderly handover, by the end of May.”
The end of May has come and gone. When I last checked Mr Green was still listed as CEO on the Rangers website.
He is still one of the two directors of The Rangers Football Club Ltd.
He is still a director of RIFC PLC.
Is he still going, to join Mr Ahmad on the outside looking in?
Posted by Paul McConville