David Somers; Derek Llambias may not be new chief

David Somers had replaced Graham Wallace for the time being. Picture: SNS
David Somers had replaced Graham Wallace for the time being. Picture: SNS
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RANGERS interim executive chairman David Somers has hinted that Derek Llambias may not end up being the club’s new chief executive.

Somers has stepped up from his non-executive role for the time being to take full command of the Scottish League 1 champions as they search for former chief executive Graham Wallace’s replacement.

It was thought that role would go to Mike Ashley’s right-hand man Llambias following the Newcastle United owner’s Ibrox so-called “power grab”.

So far the club has only confirmed that the former Magpies managing director is acting as a consultant along with Barry Leach, another Ashley associate.

But Somers admitted to Sky Sports News yesterday morning that Llambias is yet to even apply for the top job at Ibrox.

He said: “I don’t think I should say [how many people have applied for the chief executive role] at this point. I have got some head-hunters helping me look for people.

“I can’t confirm that [Llambias has applied]. That would be unfair of me to say who has applied and who hasn’t. As you can imagine it is really early days.

“I was looking at his CV but he hasn’t actually applied. He hasn’t actually said anything to me. He is here as a consultant.”

Somers’ new role was confirmed in an early-morning announcement to the Stock Exchange.

As well as finding someone to fill Wallace’s old role, the chartered accountant will also lead the search for Philip Nash’s replacement as finance director.

Both men were forced out of the club after Ashley succeeded in having a £2 million loan accepted by the cash-strapped Glasgow club.

The terms of the facility now gives him the power to name their replacements – although the Scottish Football Association is now set to investigate the latest developments in the Ibrox saga. Any attempt to place Llambias and Leach on the board could fall foul of Ashley’s agreement with Hampden chiefs, which was designed to limit the Sports Direct tycoon’s influence at Ibrox while he remains in control of Newcastle.

Ashley signed the agreement, which restricts him to a share of no more than ten per cent, in 2012. He currently holds an 8.92 per cent stake.

The stock exchange statement said: “David Somers, non-executive chairman, will become executive chairman of Rangers on a temporary basis with immediate effect. In this role, he will liaise directly with senior staff within the club about the operation of the business, and he will oversee the recruitment of a new chief executive and finance director.”

But Somers, who was appointed as Rangers’ acting chairman in November last year and was re-elected at the club’s agm the following month, refused to put a timescale on his recruitment drive. He said: “The board have asked me to lead the search for a new chief exec and also for a finance director. And obviously we are having a look at everything with the consultants.

“We have got to do these things properly. Obviously I would like to do it as fast as possible but at the same time I need to make sure I get the right person for Rangers.

“We may put an interim finance director in, just to fill the gap. It’s the same for this role, we need the right person.”


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