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SBD Global/February 22, 2013/Franchises
Rangers Warned To Resolve Boardroom Split Before Share Price In Club Tumble
Published February 22, 2013
Scottish Third Division Club Rangers have been "warned to fix their boardroom split quickly before spooked investors cause the share price to fall," according to Euan McLean of the Scotland DAILY RECORD. Alarm bells "have been ringing among the club’s supporters and shareholders" since news broke of a fall-out between Ibrox Chair Malcolm Murray and club Owner Charles Green. Ernst & Young Financial Expert Neil Patey has "warned the uncertainty threatens to have a negative impact on the club’s stock market value -- unless swift and decisive action is taken." Patey said, "Investors and shareholders don’t want uncertainty and indecision -- they want a clear strategy and a board in full agreement" (DAILY RECORD, 2/21).
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