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Easdale steps down from Rangers' board

Wed, 25th Feb 2015 12:16

James Easdale has stepped down from his role as Rangers director after fans of the Glasgow club made clear they did not want the bus tycoon on the board.Easdale, was among the four directors who faced being voted off the board at a meeting on 6 March, after former director David King has been trying to engineer a move to remove the current board.King made publicly clear that he wanted shareholders to oust Easdale, finance director Barry Leach as well as chairman David Somers and chief executive Derek Llambias.The latter, along with Leach, is a close business associate of Newcastle United and Sports Direct owner Mike Ashley, who owns a 8.92% stake in the Scottish Championship's club.Late in January, the Sports Direct chief tightened his grip on the Ibrox outfit by providing a £10m from its company to Rangers, to assist the club's "perilous" financial position.However, Rangers fans have repeatedly voiced their discontent at Ashley's involvement with the club and at the appointment on Llambias and Leach on the club's board, which will fight to remain in charge on 6 March.The current board's hopes of survival were dealt a blow on Tuesday, when the Rangers Supporters Trust bought a number of shares, which had previously been owned by Easdale's brother Sandy through a proxy, from Beaufort Nominees.Easdale said that surviving a vote without the fans' support would have felt like "a hollow victory".
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13 Mar 2015 18:34

UPDATE: Rangers Non-Executive Chris Graham Resigns Amid Twitter Controversy

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13 Mar 2015 15:50

Rangers Says Non-Executive Director Chris Graham Has Resigned

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6 Mar 2015 16:35

Rangers EGM votes in King and forces out Ashley associates

Shareholders overwhelmingly voted to replace the management team previously put in place at Rangers Football Club by major shareholder Mike Ashley. At the Glasgow club's extraordinary general meeting on Friday afternoon, resolutions put forward by rival shareholder and former director Dave King to r

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6 Mar 2015 14:42

2nd UPDATE: Rangers Shareholders Oust Board, Back King's Proposals

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6 Mar 2015 14:28

UPDATE: Rangers Shareholders Oust Board, Back King's Proposals

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6 Mar 2015 14:06

Rangers Shareholders Vote To Remove Board, Appoint King

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6 Mar 2015 06:14

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5 Mar 2015 16:07

UK AGM, EGM Calendar - Week Ahead

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5 Mar 2015 06:16

UK AGM, EGM Calendar - Week Ahead

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4 Mar 2015 16:19

Rangers FC suspended after nominated adviser quits

Broker WH Ireland has resigned as nominated adviser (nomad) of cash-strapped Rangers International Football Club, leading to trading in the company being suspended with immediate effect just ahead of the club's extraordinary general meeting on Friday. WH Ireland "does not believe that it can satisf

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4 Mar 2015 16:08

Rangers Shares Suspended As Nominated Adviser WH Ireland Resigns

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4 Mar 2015 15:50

UK AGM, EGM Calendar - Week Ahead

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