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SBD Global/September 3, 2013/Franchises

Scottish League 1 Rangers Board Hoping To Avoid $124K Extraordinary General Meeting

Scottish League 1 Rangers said that "a deal to spare the club the cost of an extraordinary general meeting has still not been reached but talks are continuing," according to the Scotland DAILY RECORD. A group of "disgruntled shareholders" led by engineering firm Clyde Blowers Chair Jim McColl have called for the meeting in a bid to topple Rangers CEO Craig Mather. They also want Finance Dir Brian Stockbridge and Non-Exec Dir Bryan Smart "removed from the board and their directorships handed to" accountant Frank Blin and "former Blue Knight Paul Murray." Holding such a meeting would cost the club around £80,000 ($124,600) and the Ibrox board has "proposed that the motion lodged for discussion is instead resolved at the club's annual general meeting, due to take place sometime in October" (DAILY RECORD, 9/2).
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