This morning’s news from Ibrox, announced to the Stock Exchange, is that Ian Hart has resigned as a Director of Rangers International Football Club PLC.
The press release reads:-
The Company today announces that Ian Hart, Non-Executive Director, has resigned from the board in order to pursue the charitable work in which he is involved more actively.
Craig Mather, Chief Executive Officer, commented: “it is with sadness that we see Ian depart from the board and we would like to thank him for his valuable contribution over the past year. Ian remains a huge fan of the Club and we wish him the best of success in future.”
I won’t bother about the semantics of why the announcement refers to “the Company” and not “the Club”. After all this statement is actually legally correct.
It does however leave the Board rather light on personnel. Continue reading
The new Rangers investors remain shrouded in mystery as the names released by Charles Green mean nothing to most people. However, investors have allegedly suffered death threats, had a website hacked and pulses soared when a one supposed investor was named on Interpol’s Most Wanted List.
However, Rangers fans can relax as SFA officials, sworn to secrecy and signing a confidentiality agreement, have been shown a list of shareholders. Before you ask, I don’t know whether their trouser legs were rolled-up and breasts bared and I don’t even know if it was a page out of the Karachi telephone directory. What we need to know is whether the list revealed the actual beneficial ownership of the shareholding rather than a trust or nominee name and the amount invested. I hope the SFA have been very careful about applying the ‘Fit and Proper Person’ tests. Continue reading