Breaking News - Murray Steps Down as Chairman

[Yieldshields loyal 0]

My mate has jst txtd me saying its on Sky Sports News....anyone heard owt?

[Big Spliff 0]

http://www.plusmarketsgroup.com/PLUS_news_story.shtml?NewsID=564601&ISIN=GB0007237380/GBX/PLUS-exn

 

The Rangers Football Club plc

 

Sir David Murray today (Wednesday, 26 August 2009) announced he is to step down

as a Board Director and Chairman of Rangers Football Club.

 

He will be succeeded as Chairman of the Club by Alastair Johnston (61), a

Director of the Club for the last five years.

 

Following Sir David's announcement today, the Board of the Club said it is

considering proposals to formally recognise his outstanding contribution to

Rangers.

 

Sir David said: "For the last 20 years I have been actively involved in the

Club on an almost daily basis and I think that now is the right time to take a

step back.

 

"I have said many times that being the Chairman of Rangers is not something

anyone should do forever and I have personal and business interests outside the

Club I would like to pursue.

 

"As things stand, I remain the majority shareholder at the Club and will always

have the best interests of Rangers at heart but it is time to pass on the

Chairman's baton.

 

"For me personally, it has been a tremendous honour and privilege to serve as

Chairman of Rangers. There have been so many great moments to savour and it is

particularly gratifying to step down when the Club are reigning SPL champions,

Scottish Cup holders and about to embark on another exciting journey in the

UEFA Champions League.

 

"The Club has the governance and management in place, both in footballing and

business terms, to deliver further success in the future and Rangers can go

forward with confidence.

 

"I would also like to salute the countless Rangers fans around the world who

have shown unwavering support for the Club, week in week out. They are the

lifeblood of Rangers and many clubs would dearly like to have such a great

support.

 

"I am delighted that Alastair Johnston has accepted the chairmanship. He is an

internationally renowned and respected businessman and will be an excellent

servant to the Club."

 

Glasgow-born Alastair Johnston is a graduate of the University of Strathclyde

and Vice-Chairman and member of the Board of Directors of IMG, the leading

international sports and entertainment group.

 

Alastair first met IMG Founder, Mark H McCormack, in 1968 and apart from a

short spell as a chartered accountant with Arthur Andersen and Company has

worked with IMG for 37 years.

 

His roles within the group have included Chief Operating Officer of Arnold

Palmer Enterprises and Head of IMG's worldwide golf operations. When Mark

McCormack passed away in 2003, he was appointed co-Chief Executive Officer of

IMG overseeing all the company's global businesses, conducted by over 2,500

employees located in more than 60 offices spread throughout the world.

 

Alastair divides his time between the United States and Scotland and advises

The R&A of St Andrews in terms of marketing the sponsorship and worldwide media

rights to the Open Golf Championship.

 

He is a lifelong Rangers fan and became a Director of the Club in February

2004. Alastair is also a recognised expert of golf history and among his

charitable interests is a family bursary to support youth initiatives in the

Glasgow Battalion of the Boy's Brigade.

 

He said: "David richly deserves his place in the Rangers history as one of the

Club's greatest Chairmen and his passion has burned brightly for 20 years. He

invested heavily in the Club but has also demonstrated enormous personal

commitment at all times.

 

"On behalf of all Rangers supporters I wish him the very best for the future.

 

"I consider it a great honour to be appointed Chairman of the Club and can say

to our supporters that the board, management and staff will spare no effort in

striving to ensure that Rangers Football Club enjoys a successful future."

 

This announcement has been approved by the Directors of The Rangers Football

Club plc.

 

 

 

END

[Guest portbear]

Best news i've heard in ages,just hope he sells up soon aswell.:spl:

[fraser54 0]

Just heart it on sky sports news.

Need to be patient over the next few hours and hear whats happeniong, will this guy supply some money as it sounds like he has it

[Bluedell 5,356]

Just heart it on sky sports news.

Need to be patient over the next few hours and hear whats happeniong, will this guy supply some money as it sounds like he has it

 

I doubt that he will supply any money.

[Guest Jum Spence]

Sir David Murray announces his intention to step down as a board director and chairman of Rangers.

 

More...

[fraser54 0]

IS it just like the John McLelland situation again ?

[Bluedell 5,356]

Following Sir David's announcement today, the Board of the Club said it is

considering proposals to formally recognise his outstanding contribution to

Rangers.

You would think they would be more worried about how we can afford to buy a new centre half. Good to see that they have their priorities right.

[Gazza_8 233]

He's done this before when that wee, fat bald chunt of a man took over and he did a terrible job.

[fraser54 0]

Keep up Chick