Steve1872 4 Posted January 24, 2014 Share Posted January 24, 2014 Brian Stockbridge resigns from Rangers:yesrfc: 0 Quote Link to post Share on other sites More sharing options...
Steve1872 4 Posted January 24, 2014 Author Share Posted January 24, 2014 "Rangers confirm that no ex gratia benefit or bonus has been offered or paid to Brian Stockbridge in connection with termination" of job. 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted January 24, 2014 Share Posted January 24, 2014 Ta for the news! 0 Quote Link to post Share on other sites More sharing options...
Juancornetto 1 Posted January 24, 2014 Share Posted January 24, 2014 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted January 24, 2014 Share Posted January 24, 2014 Friday, 24 January 2014 18:15 Directorate Change Written by Rangers Football Club RANGERS announces that by mutual consent Brian Stockbridge is leaving the Company and has resigned as a director of the Company and its subsidiaries with immediate effect. Rangers confirm that no ex gratia benefit or bonus has been offered or paid to Brian Stockbridge in connection with the termination of his employment or office. The Directors would like to thank Brian for his contribution to the Club during a difficult period. The Board has commenced the search for a new Finance Director. A further announcement will be made in due course. http://www.rangers.co.uk/news/headlines/item/6075-directorate-change Last time I heard news this good was when Stockbridge's cronies Green & Ahmad exited stage left! 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted January 24, 2014 Share Posted January 24, 2014 (edited) Probably for the best but some of the responses to it on forums have been way over the top and uncalled for Edited January 24, 2014 by simplythebest 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted January 24, 2014 Share Posted January 24, 2014 "Rangers confirm that no ex gratia benefit or bonus has been offered or paid to Brian Stockbridge in connection with termination" of job. Presumably though he may have some form(s) of compensation written into his actual contract and this could mean nothing over and above that? That's still good, right enough 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted January 24, 2014 Share Posted January 24, 2014 Presumably though he may have some form(s) of compensation written into his actual contract and this could mean nothing over and above that? Clear as mud in the prospectus. A contractual payment would not be considered ex-gratia or a bonus. 2.1.2 Brian Stockbridge Under a Scottish law agreement signed on 17 September 2012 (but effective from 1 September 2012), RFCL employed Brian Stockbridge as Finance Director of RFCL for a salary of £200,000 per annum (plus benefits and expenses). Mr Stockbridge is also entitled to a non-contractual bonus of 100 per cent. gross salary if the Club wins promotion from the SFL, share options, in the event that the Group’s shares are listed on any recognised exchange, with a value equivalent to two and a half times Mr Stockbridge’s annual salary. The agreement is terminable by RFCL either for causes or on 6 month’s notice and by Mr Stockbridge on 3 month’s notice. Following termination, Mr Stockbridge is restricted for 9 months from, without consent, directly or indirectly being employed by any football club in the top division in Scotland as a chief executive or similar role, soliciting any director/senior employee/player/youth player to leave RFCL or employing a director/senior employee/player/youth player who was employed within the 12 months preceding the date of termination. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted January 24, 2014 Share Posted January 24, 2014 Presumably though he may have some form(s) of compensation written into his actual contract and this could mean nothing over and above that? Edit: forlan has posted a section from the prospectus. 0 Quote Link to post Share on other sites More sharing options...
compo 6,213 Posted January 24, 2014 Share Posted January 24, 2014 a bit of good news 0 Quote Link to post Share on other sites More sharing options...
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