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Rangers AGM date announced

Paul Murray is hoping that he and his allies will be voted onto the Rangers board. Picture: SNS

Paul Murray is hoping that he and his allies will be voted onto the Rangers board. Picture: SNS

Rangers have set a date for the club’s annual general meeting which could see a boardroom overhaul.

The Ibrox side announced to the London Stock Exchange this morning that the meeting will be held on December 19 at the stadium at 10.30am.

The Murray group – backed by Clyde Blowers chairman Jim McColl – is looking to install Malcolm Murray, Paul Murray, Alex Wilson and Scott Murdoch onto the board and are also seeking the removal of finance director Brian Stockbridge.

Malcolm Murray led a successful challenge at the Court of Session last month after his group’s initial motion to have the proposal added to an earlier AGM set for October was blocked by the current board.

Lord Tyre ruled there was “no valid legal reason” for chief executive Craig Mather and the other Rangers directors not to present the Murrays’ motion to the rest of the club’s shareholders.

That victory sparked the resignation of chief executive Craig Mather and Bryan Smart from the board, leaving just Brian Stockbridge and James Easdale as the club’s last two remaining directors.

Former Rangers chairman Malcolm Murray warned the club’s “mysterious” shareholders could be banned from voting at the AGM if they do not reveal their backers.

Murray and his partner Paul Murray have concerns about two shareholders in particular – Blue Pitch Holdings and Margarita holdings who hold a 12 per cent stake in the club, with fans fearing they could be a front for former chief executive Charles Green or even Craig Whyte, the man who started the club on its path towards liquidation last year. However, the two Murrays have warned that if Blue Pitch and Margarita do not volunteer the information, they could ask Rangers’ powerful institutional shareholders to call an emergency stakeholder meeting and bar their votes.

 

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