Rangers Directors Removed From The Board
Tue 24th May 2011 | Clubs Ownership
Rangers FC have confirmed that Alastair Johnston and Paul Murray were removed as directors of The Rangers Football Club P.L.C.
It’s also reported that directors Martin Bain and Donald McIntyre have been suspended by the club pending an internal inquiry,
Rangers released the statement on their official website confirming Johnston and Murray had been removed from the board
“The board announces that on 23 May 2011 Alastair Johnston and Paul Murray were removed as directors of The Rangers Football Club P.L.C.
“The Directors of The Rangers Football Club P.L.C. accept responsibility for this announcement.”
The suspension of Bain and McIntyre was confirmed by a source at Ibrox to the Press Association.
It’s understood that chief executive Bain, and McIntyre, who has served as an executive director, secretary and financial director, are the subject of an investigation into "irregularities".
However, the nature of the irregularities have not been confirmed.
It is understood that McIntyre was present but Bain was informed by conference call although both remain on the board at present.
Johnston had been critical of new owner Whyte during the recent takeover process and Murray had been behind a rival buy-out bid.
In another statement to the stock exchange this morning, read: "The board announces that Cairn Financial Advisers LLP has been appointed plus corporate adviser to the company with immediate effect."
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