In May the “opposition” to Malcolm Murray as chairman of Rangers requisitioned an EGM. The purpose of this was to appoint James Easdale and Chris Morgan and to remove Malcolm Murray and Phil Cartmell.
Rangers acknowledged this to the Stock Exchange on 16th May and in early June announced that the shareholders who had requisitioned the meeting were in consultation with “the company” (Rangers Intergalactic Football Club PLC) and the timetable had been delayed in the hope of resolution.
Walter Smith was then appointed to take over as chairman from Malcolm Murray, who stepped down as chairman but who remained a board member.
Things seemed to have gone very quiet. The time for the EGM had passed, which was in order as long as the requisitioning shareholders agreed. Continue reading