ian1964 10,415 Posted October 26, 2009 Share Posted October 26, 2009 Martin Bain will today be replaced as CEO of Rangers by Scottish Rugby Union chief Gordon McKie. It appears that the Lloyds Banking Group, who are looking to make further savings across the business, have realised that Bain's exorbitant �£650,000 annual salary is not good value for money, something many supporters have thought for a long time. It appears Walter Smith's quotes about the bank running the club was just the tip of the iceberg in terms of the upcoming changes at the club. As we reported earlier, several reliable sources seem certain that current shareholder Dave King will launch a take-over bid as early as this week, with rumours of a meeting between the club and an interested party holding talks on Tuesday doing the rounds. Keep it on Vital Rangers and the Vital Rangers forums for all the latest information. http://www.rangers.vitalfootball.co.uk/article.asp?a=516474 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted October 26, 2009 Share Posted October 26, 2009 This is not true.... 0 Quote Link to post Share on other sites More sharing options...
Tannochsidebear 2,314 Posted October 26, 2009 Share Posted October 26, 2009 My info is that this story couldn't be further from the truth. Bain is heavily involved with the potential buyers, and will keep his job if the takeover is successful. The bank also realise that as Bain knows everything about the running of the club, it would be foolish to get rid of him at this time. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,415 Posted October 26, 2009 Author Share Posted October 26, 2009 This is not true.... Just seen it so thought I'd post it 0 Quote Link to post Share on other sites More sharing options...
Gazza_8 233 Posted October 26, 2009 Share Posted October 26, 2009 Texts now flying about that Bain has been sacked....... 0 Quote Link to post Share on other sites More sharing options...
maineflyer 0 Posted October 26, 2009 Share Posted October 26, 2009 I also believe this is not true - but neither is it new news. I heard sonme time ago that Gordon McKie would replace Bain around the end of this year - if it has come forward it must be at Bain's request or ultimatum. 0 Quote Link to post Share on other sites More sharing options...
delbear 0 Posted October 26, 2009 Share Posted October 26, 2009 bain has not been sacked ... he is going no where in a hurry 0 Quote Link to post Share on other sites More sharing options...
Super_Ally 0 Posted October 26, 2009 Share Posted October 26, 2009 �£650,000 p.a. is not good value for money. About �£30k a year would not be good value for money. 0 Quote Link to post Share on other sites More sharing options...
Gazza_8 233 Posted October 27, 2009 Share Posted October 27, 2009 What makes people so sure he's not going anywhere? Everyone is reporting it. I'm not doubting you Frankie but just interested and curious. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted October 27, 2009 Share Posted October 27, 2009 I said he wouldn't be replaced yesterday and I still believe he won't be going anywhere in the short-term. I don't think it's a huge leap to say he'll be replaced if a new owner comes on but that is far from certain at this stage. 0 Quote Link to post Share on other sites More sharing options...
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