Rangers can’t stop Charles Green returning
Asked whether Rangers would be
accepting the potential return of ex-CEO Charles Green, Paul Murray replied
with a resounding “no”.
accepting the potential return of ex-CEO Charles Green, Paul Murray replied
with a resounding “no”.
The problem is Green’s specific
quote on the subject related to Mike Ashley, and not the Rangers board.
quote on the subject related to Mike Ashley, and not the Rangers board.
As confirmed by Paul Murray,
Ashley still has the power to appoint two new directors under the contractual
obligations of the Sports Direct loan tranche part one.
Ashley still has the power to appoint two new directors under the contractual
obligations of the Sports Direct loan tranche part one.
And Green is quite happy to be
one of those directors.
one of those directors.
“I’m happy to go back and represent
Ashley. I can imagine that being fun.”
Ashley. I can imagine that being fun.”
Murray can be as resounding as he likes with
defiance regarding Green, but unless he and the present PLC board can negotiate
a deal to Ashley’s satisfaction, those conditions remain absolute.
defiance regarding Green, but unless he and the present PLC board can negotiate
a deal to Ashley’s satisfaction, those conditions remain absolute.
And if Ashley decides to enact
that clause, there is absolutely every reason for him to want Green on the Ibrox board as
one of his two men, with zero the current regime can do to stop it.
that clause, there is absolutely every reason for him to want Green on the Ibrox board as
one of his two men, with zero the current regime can do to stop it.
The only manoeuvre open to Murray
et al is appeasing Ashley with a sweetener or outright buying him out, and the
latter is rumoured to weigh in at £27M.
et al is appeasing Ashley with a sweetener or outright buying him out, and the
latter is rumoured to weigh in at £27M.
There are some nuggets of concern
for the Rangers support and the Rangers board, and this is most definitely one
of them.
for the Rangers support and the Rangers board, and this is most definitely one
of them.