Jim McColl: bid to oust directors from Rangers board goes ahead

[andy steel 0]

By accident of course:whistling:

 

Be fair, they also have "a extraordinary" and although I dunno for sure it looks like Mr Robertson's name is also misspelled. I don't know anyone called 'Roberton'. Add to that the awful, Sun-like language and you can probably put it down to someone at the Herald just being a shite writer.

 

Or drunk.

 

Or both.

[BrahimHemdani 1]

I think the language

we are pursuing the requisition that was presented to the club

is chosen very carefully, especially "pursuing"; they could be pursuing it in a lot of different ways, short of actually convening the meeting.

[stewarty 1,876]

The negotiating points on both sides are not likely to be straightforward.

 

- Removal of Mather from the Board would be effectively sacking him as CEO as his position would be untenable. He has been publicly backed by the likes of Ally and Walter, so may well survive if he is seen as credible to investors. Sacking him would likely cost money we can ill afford to lose, and this may contribute to him remaining.

 

- Removal of Smart as non-exec. We know little about his performance although I've read it suggested that his attendance at Board meetings is poor (at least, attendance in person). Perhaps he doesn't have the time to devote to the role, so he may be looking for an exit himself, but has perhaps not felt that he could given all of the turmoil of recent months. Removing all traces of the previous Board may be seen as desirable to some, but some form continuity would be preferable, even if Smart doesn't stay long term.

 

- Removal of Stockbridge. His public profile has nosedived pretty much since it was revealed he took the video of Malcolm Murray, but particularly during the Q&A the other week. However, similar to Mather, getting rid of him will cost us money, and if he is prepared to get behind whatever new regime is established, he may survive by the skin of his teeth.

 

- Although the Board have indicated they would be happy to accept Blin's appointment, we are actively looking to appoint a new Chairman. Its been suggested that Blin would be ideal, and I'd agree, but we have no idea whether this is something he'd be prepared to take on.

 

- The alternative is that we look for someone else to take on the role of Chairman, but this isn't necessarily an easy task. We clearly need someone with a thick skin who is not only prepared for the flak that comes in the role, but someone who has gravitas and is able to manage the various personalities involved along with investors. Given the timescales involved, finding someone who ticks all the boxes for the role is tough.