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. Continue reading
James Easdale, the recently appointed non-executive director of Rangers International Football Club PLC (the company which owns the company which owns the assets and business which make up Rangers Football Club) is a very successful Scottish businessman and entrepreneur. He has a wide experience in business, having served as director of a large number of limited companies.
As required by Stock Exchange Rules, his appointment to the PLC Board was accompanied by an official statement.
However he has also achieved an additional position within the “Blue Room” at Ibrox, which could conflict with his non-executive role. Continue reading
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”. Continue reading
So the verdict has been pronounced…
30 May 2013
Rangers International Football Club plc (the “Company”)
Conclusion of Independent Review
On behalf of Rangers International Football Club plc, the non-executive directors of the Company (the “Investigation Committee”) engaged the law firm Pinsent Masons LLP to investigate the connections between Craig Whyte and former and current personnel of the Company and its subsidiaries (the “Investigation”).
The Investigation was overseen by Roy Martin QC.
The Investigation concluded on 17 May 2013 and Pinsent Masons and Roy Martin QC have reported to the Investigation Committee. The Investigation Committee is satisfied that a thorough investigation was conducted despite the inherent limitations of a private inquiry. Continue reading
Today’s Sunday Mail (though not yet online as far as I can see) solves the mystery over the “title deeds” to Ibrox and Murray Park. Brian Stockbridge, effectively the only Director of Rangers Football Club Ltd and, at least according to Companies House, the only executive Director of RIFC PLC, is pictured with the relevant Land Certificates. Land Certificates are what replaced “title deeds” in Scotland after 1979 – one neat document, including a plan, giving all of the relevant details about a property, including who owns it.
The “title deeds” prove that Ibrox and Murray Park are not owned by Craig Whyte, or Sevco 5088 Ltd or Worthington plc, or Mr Earley, or Mr Green, or even Mr Custard.
They will show either that the title is in the name of Sevco Scotland Ltd or Rangers Football Club Ltd. Those are in fact the same company, the name having changed on 31st July 2012.
The Land Certificate will not, I think, be in the name of RIFC PLC simply because it owns 100% of Rangers Football Club Ltd, and does not need directly to own the land and buildings.
So all is well – Mr John Brown can see the deeds and this proves that Mr Whyte has no claim!
Except it does not. Continue reading