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SBD Global/February 20, 2013/FranchisesPrint All
Scottish Third Division Rangers CEO Charles Green "has rocked the new Rangers boardroom by threatening to quit the club" unless Chair Malcolm Murray is overthrown, according to Keith Jackson of the Scotland DAILY RECORD. It was revealed earlier this month that "the relationship between Green and Murray had completely broken down." The full extent of the rift "has caused considerable alarm among club directors who had been hoping for a period of stability" after bringing in a whopping £22.5M ($35M) at the turn of the year in a stock market flotation. Such is the level of concern, both Green and Murray "were ordered to attend a peace summit in London, organised by Cenkos, the firm who oversaw the successful share offering." They were told "to bury the hatchet or risk unnerving the institutional investors" who pumped in £17M ($26M). A source close to the club said: "Right now they are limping on together, but Charles is a like a dog with a bone and Malcolm knows his position is under threat" (DAILY MAIL, 2/19).
BOARD BOMBSHELL: The SCOTSMAN reported the bombshell "was delivered at the first meeting of the new Ibrox board." Green appointed Murray in the summer to help him win over Rangers supporters, but has said that "he feels he can no longer work with Murray." It is believed that Murray’s TV appearance to discuss the club’s administration "was the last straw for the chief executive, with sources claiming there is little chance of the relationship being rescued" (SCOTSMAN, 2/19).