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Meanwhile, Rangers have appointed Philip Nash as their new company secretary, Companies House has announced.

 

It comes just two months after the troubled Ibrox outfit confirmed they would use the former Liverpool and Arsenal financial consultant's services "from time to time'' as they looked to bring spending under control.

 

In documents lodged with Companies House on Monday, however, it was confirmed Nash was the new secretary, replacing Brian Stockbridge - who also served as the club's finance director - after he resigned his post on January 24.

 

He will now set about helping Rangers solve their money worries on a full-time basis.

 

The Light Blues are losing about £1million per month and the club's share price has fallen to 30.5p per share.

 

Chief executive Graham Wallace is just over halfway through a 120-day review of the club's operations.

 

But after posting a £14.4milllion loss last year, he was forced to accept a controversial £1.5million loan from investors Sandy Easdale and Laxey Partners just to ensure the League One champions-elect could continue to pay their bills until the end of the season.

 

 

http://t.co/Ra0KkKCj8o

 

Wonder why the board haven't stated that Philip Nash is merely an interim Company Secretary?

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