Imran Ahmad Heads to the Court of Session for his Claim against Rangers

Official confirmation came this week, firstly from the Court of Session case list and then from Rangers itself that Mr Ahmad had initiated court proceedings for damages against his former employer.

The official Rangers statement said:-

Rangers fans are now aware of a Court of Session action brought by the Club’s former Commercial Director Imran Ahmad and in response has released the following:

 “Mr Ahmad’s lawyers have lodged his summons at the Court of Session. This is simply a procedural step which the Club anticipated. The Club’s lawyers are of the view that his claim is unfounded in fact and in law and is likely to fail.

“They have advised the court that the claim will be defended robustly. Mr Ahmad’s claim is for £500,000 in alleged unpaid bonuses and not the sum previously claimed in his pre action correspondence which was in excess of £3 million.”

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Rangers Shareholders and a Director Go Missing – Will They “Return”? – by ecojon

Dozens of Rangers investors have been airbrushed from the club’s history which we all know is vitally important to the Ibrox fans. These were the doting parents that gave birth to the new Rangers last year and their dosh became the life-blood flowing through the infant’s previously blue body as it blinked for the first time in the light of day. Little did anyone think back then that Vampires would soon be perched on the dodgy stand roofs.

To deny the existence of the missing investors – a lot of whom prefer to be faceless right enough – is akin to the Rangers club telling the Bears that the Gallant Pioneers had never existed and had never formed The Rangers and like the records of their rowing club had disappeared without trace. So why are the Bears not revolting? A good question IMO.

And it’s not just shareholders that have been consigned to the dustbin of history but even club directors have begun to disappear into the ever increasing ‘black hole’ surrounding Ibrox as the inmates attempt to dig an escape tunnel as they aren’t as fleet of foot as Chuckles and want to slip away under cover of darkness.

Rangers Confirm Who (Probably) Sold 2 Million Shares & EGM News

This morning saw two announcements from the Board of RIFC PLC to the Stock Exchange.

The first reads:-

Rangers announces that it was notified on 19 August 2013 that Imran Ahmad no longer has a notifiable interest in the Company’s issued share capital.

So Mr Ahmad has sold his shareholding (or at least a significant part of it). These shares were purchased by Laxey Partners – who are building a significant stake in the PLC.

Imran Ahmad v Rangers – It’s Terrible When Friends Fall Out!

Mr Ahmad was one of the key members of Mr Green’s consortium which bought Rangers* last year.

(By Rangers* I mean the assets and business which make up Rangers Football Club and which were bought by the company which is now 100% owned by the PLC – clear enough?)

In fact, if one accepts the version of events put forward by some of the Rangers-supporting bloggers, Mr Ahmad in fact pulls the strings of Mr Green and is the eminence grise behind the recent boardroom strife at Ibrox.

Mr Ahmad is now, according to many press reports and to some detailed posts on the blog of my good friend (though we have never met) Bill McMurdo, proceeding with a claim against Rangers for £3.4 million of damages for his departure in April.

Mr Ahmad Leaves the Rangers Stage – Does This Leave Only One Director of the Rangers Football Club Ltd?

According to the BBC, Rangers have confirmed that Imran Ahmad, the Commercial Director and close ally of Charles Green, has left the club.

Of course, as a listed company, and as Mr Ahmad is a “key employee” (as described in the Prospectus, RIFC PLC needs to be careful about how it publicises the information, lest it be accused of releasing market-sensitive information inappropriately.

Mr Ahmad was of course not on the PLC Board, but he was on the Board of the Rangers Football Club Ltd.