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McColl statement:

 

"Over the last couple of days we have been approached by members of the Rangers board seeking to explore whether there may be scope for a negotiation on the composition of the Rangers board which would avoid the need for a general meeting.

"These discussions were conducted in good faith but unfortunately the board was unable to deliver the changes sought by the shareholders who have requisitioned the general meeting.

 

"We are aware that the company is due to have its first AGM in October and so, in the interests of saving the club expense and time, we have discussed with the board a proposal to combine proceedings with the resolutions we sought as part of a general meeting being followed by the 'normal' business of the AGM.

 

"To allow time to deal with the mechanics of combining the resolutions which would otherwise have come up at two separate meetings, we have agreed to give the company until close of business on Tuesday 27 August to agree the terms of the legal paperwork.

 

"In the meantime we would encourage the board to make the changes that we believe are being demanded by the majority of stakeholders in the club."

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I hope McColl & co know what they're doing on this one because Green & co are slippery barstewards and their current lapdogs in our boardroom aren't to be trusted. The extra cost excuse is just that, an excuse and really just a smokescreen for stall tactics.

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"We are aware that the company is due to have its first AGM in October and so, in the interests of saving the club expense and time, we have discussed with the board a proposal to combine proceedings with the resolutions we sought as part of a general meeting being followed by the 'normal' business of the AGM''.

 

 

So what happens if the proposal isn't agreed ?

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