19 Apr 2013 16:55
19 April 2013
Rangers International Football Club plc
("Rangers", the "Company" or the "Club")
Directorate Change
The Company announces that Charles Green has notified the Board that he wishes to step down as Chief Executive with immediate effect. Recent weeks have seen media interest in the circumstances surrounding the period prior to the acquisition of The Club by the consortium led by Mr Green. Whilst Mr Green strenuously denies any wrongdoing, he has recognised that this negative publicity is a distraction and is detracting from the achievements and reputation of The Club. As a result, Mr Green has informed the Board that he will leave his post with immediate effect and leave the Company, following an orderly handover, by the end of May. The Board has commenced the search for a new Chief Executive and expects the role to attract high quality candidates from both within and outwith the industry. A further announcement will be made in due course.
Malcolm Murray said, "Charles Green was instrumental in helping to secure financial stability for The Club. The impact that he had in turning The Club around from the dark days of last summer will never be forgotten by the fans who I am sure, like me, will thank him for this and for choosing to put The Club ahead of his personal position at this time".
Charles Green said, "Recent events have undoubtedly been a distraction for both myself and all involved with Rangers and I feel that it is appropriate that I step down so that The Club can continue to progress back to where it belongs at the pinnacle of Scottish football. I am very proud to have been associated with a club of the stature of Rangers and am proud of the achievements of The Club during my tenure as Chief Executive. My thanks go to the Rangers fans, whose support has been tremendous during my time at The Club."
For further information please contact:
Rangers International Football Club plc | www.rangers.co.uk |
Investor enquiries: Malcolm Murray, Chairman Media Enquiries: James Traynor
| Tel: 0141 580 8647 |
Cenkos Securities plc | |
Stephen Keys, Adrian Hargrave, Max Hartley (Corporate Finance) | Tel: 020 7397 8900 |
Russell Kerr (Corporate Broking)
| |
Newgate Threadneedle | |
Graham Herring / John Coles / Roddy Watt / Fiona Conroy | Tel: 020 7148 6143 |
About Rangers Football Club
Rangers Football Club, formed in Scotland in 1872, is one of the world's most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners' Cup in 1972. The Club's loyal and sizeable supporter base, both in Scotland and around the world, enables the Club to boast one of the highest percentages of season ticket holders in the UK, with over 38,000 having been sold for the current season. Playing at the 51,082 seater Ibrox Stadium and benefitting from the world class 37 acre Murray Park training facility, the Club has been a dominant force in Scottish football for decades. This world class stadium, training infrastructure and a loyal and passionate global fanbase provide an excellent foundation for the Rangers Group.
Currently the Club is competing in Division 3 of the SFL, though it is the intention of the Directors and the manager for the Club to return to top level football as soon as possible. The history, facilities and ambition of the Club are such that the Club remains a desirable destination for foreign and domestic players alike. The first team squad is managed by Ally McCoist, the former Rangers forward, who remains the Club's all-time leading goal scorer.
For more information please visit the website: www.rangers.co.uk