Rangers chairman Malcolm Murray nearing Ibrox exit

MALCOLM Murray could be out of the Ibrox boardroom by the end of the week.

Murray has been asked by his fellow board members to step down, amid reports of a long-standing rift with chief executive Charles Green.

Reports suggest that an interim chairman could be placed in Murray’s stead, to smooth the transition for investors and other interested parties.

Nonexecutive directors Ian Hart, Philip Cartmell and Bryan Smart could all be in the running if that were the case.

Any announcement will be made to the London Stock Exchange, as one of the rules of Rangers’ flotation which raised over £20million from investors.

Murray and Green have reportedly been at loggerheads for some time, with Murray’s appearance on Sky to discuss last summer’s events the final straw for the chief executive.