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Requisition withdrawn & shareholders to vote at the AGM


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RANGERS last night quashed a long-running revolt when they agreed to appoint two new directors.

Former Ibrox bigwig Paul Murray and top accountant Frank Blin were admitted to the board following weeks of bitter wrangling.

 

The move ended calls by Murray and tycoon Jim McColl for a shareholders’ vote to axe chief executive Craig Mather, finance chief Brian Stockbridge and Bryan Smart from the current regime.

 

The club confirmed the demands have been withdrawn — on condition that an AGM is held by October 31.

 

A statement added: “All of the current directors remain in office and we are not appointing any additional directors save those announced.

 

“We continue to actively seek to appoint a new chairman.” A deal had to be thrashed out by today’s deadline otherwise the club would have been forced to convene an EGM to settle the dispute.

 

But one angry shareholder accused former director Murray and Blin of “wreaking mayhem” during the revolt.

 

He said: “There is disgust within the club about what they have done.

 

“Never once in the past month have they come up with any plans or strategies. They cost the club time and money and put the fans and players through further turmoil.

 

“With friends like that who needs enemies?”

 

Ibrox legend and ex- manager Walter Smith resigned as chairman of the League One club in August following the controversial return of former chief exec Charles Green as a consultant.

 

All current directors must resign and put themselves forward for re-election at the AGM.

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