BBC report that Newco Rangers chief executive and major shareholder, Charles Green, has indicated to his board that he will resign. Two weeks ago the last owner of Oldco Rangers revealed that he was also a director of Sevco 5088 Ltd, the company who had an irrevocable agreement to buy the assets of Rangers from administrators Duff and Phelps.
The entitlement of Sevco 5088 was subsequently assumed by Sevco Scotland Ltd (now Rangers Football Club Ltd, a subsidiary of Rangers International FC PLC). Sevco 5088, which Green remains a director of, is now owned by Worthington Group PLC and has started legal proceedings against Rangers Football Club Ltd, claiming ownership of their assets, including Ibrox, Murray Park and all intellectual property.
Green initially rebuffed Whyte’s claims, insisting they were invalid, but his decision to surrender and.… walk away, is sure to add to speculation to what is coming next. Boom!
Reporters are desperately trying to find out when Zadok the Priest was heard at Ibrox Stadium, releasing Green from one of his hilarious commitments.
NEW SERVERS ARE LIVE AND READY TO ROLL
The current CQN server was commissioned in June 2011. When we approached the annual renewal time last year, like a lot of the media companies mentioned above, I thought, with no Rangers, interest will fade, there’s no point increasing infrastructure.
The traffic peak we endured in May 2012, when the server played its part in some major issues, hasn’t been matched since, but server resources continue to be stressed. Last week I bought three new servers (we now have three physical and one virtual) and shortly after full time at Tannadice tonight, our man Andrew in Belfast will bring the system down and start the migration process. We will be offline for a few hours.
After we’re back your existing user accounts will remain active. The domain name (celticquicknews.co.uk) will point to a new server (IP) address but it can take hours (or days) for each internet service provider to update their records. As a result, celticquicknews.co.uk might not find the new server immediately.
Once we are live I will let you know the server IP address (a series of numbers you can type into your address bar), which will enable you to get onto CQN before your ISP has updated their records. Check Twitter (twitter.com/cqn) or Facebook (CQN-Magazine) for the address.
Let’s hope it goes smoothly…….
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What is it about these huns and France?
Sir Minty had a vineyard, Bain bought property there, Craigy bhoy in Monte Carlo and now Chuckles is hiding there.
Share prices of Puma and the Dallas Cowboys have plummeted to their lowest ever level on the news that Green is to resign as Sevco CEO.
The NYSE and the Frankfurt Stock Exchange in meltdown.
HH!!
Charles Green is rumored to have sold off all his Sevco shares…….. he believes HB is a great investment this weekend! Jellyandicecream csc
bankiebhoy1
16:56 on 19 April, 2013
“I’d prefer to never, ever play that mob again…………”
Wise move; you’re no spring chicken and there’s only the one of you, so they might beat you. You wouldn’t want to go down as having lost to the worst The Rangers team ever, would you?
Alasdair Lamont @BBCAlLamont 3m Rangers announce to Stock Exchange news of Charles Green’s intention to stand down
LSE website
Company Rangers Int F.C. PLC
TIDM RFC
Headline Directorate Change
Released 16:55 19-Apr-2013
Number 8335C16
RNS Number : 8335C
Rangers Int. Football Club PLC
19 April 2013
19 April 2013
Rangers International Football Club plc
(“Rangers”, the “Company” or the “Club”)
Directorate Change
The Company announces that Charles Green has notified the Board that he wishes to step down as Chief Executive with immediate effect. Recent weeks have seen media interest in the circumstances surrounding the period prior to the acquisition of The Club by the consortium led by Mr Green. Whilst Mr Green strenuously denies any wrongdoing, he has recognised that this negative publicity is a distraction and is detracting from the achievements and reputation of The Club. As a result, Mr Green has informed the Board that he will leave his post with immediate effect and leave the Company, following an orderly handover, by the end of May. The Board has commenced the search for a new Chief Executive and expects the role to attract high quality candidates from both within and outwith the industry. A further announcement will be made in due course.
Malcolm Murray said, “Charles Green was instrumental in helping to secure financial stability for The Club. The impact that he had in turning The Club around from the dark days of last summer will never be forgotten by the fans who I am sure, like me, will thank him for this and for choosing to put The Club ahead of his personal position at this time”.
Charles Green said, “Recent events have undoubtedly been a distraction for both myself and all involved with Rangers and I feel that it is appropriate that I step down so that The Club can continue to progress back to where it belongs at the pinnacle of Scottish football. I am very proud to have been associated with a club of the stature of Rangers and am proud of the achievements of The Club during my tenure as Chief Executive. My thanks go to the Rangers fans, whose support has been tremendous during my time at The Club.”
For further information please contact:
Rangers International Football Club plc
http://www.rangers.co.uk
Investor enquiries: Malcolm Murray, Chairman
Media Enquiries: James Traynor
Tel: 0141 580 8647
Cenkos Securities plc
Stephen Keys, Adrian Hargrave, Max Hartley (Corporate Finance)
Tel: 020 7397 8900
Russell Kerr (Corporate Broking)
Newgate Threadneedle
Graham Herring / John Coles / Roddy Watt / Fiona Conroy
Tel: 020 7148 6143
About Rangers Football Club
Rangers Football Club, formed in Scotland in 1872, is one of the world’s most successful clubs, having won 54 League titles, 33 Scottish Cups, 27 League Cups and the European Cup Winners’ Cup in 1972. The Club’s loyal and sizeable supporter base, both in Scotland and around the world, enables the Club to boast one of the highest percentages of season ticket holders in the UK, with over 38,000 having been sold for the current season. Playing at the 51,082 seater Ibrox Stadium and benefitting from the world class 37 acre Murray Park training facility, the Club has been a dominant force in Scottish football for decades. This world class stadium, training infrastructure and a loyal and passionate global fanbase provide an excellent foundation for the Rangers Group.
Currently the Club is competing in Division 3 of the SFL, though it is the intention of the Directors and the manager for the Club to return to top level football as soon as possible. The history, facilities and ambition of the Club are such that the Club remains a desirable destination for foreign and domestic players alike. The first team squad is managed by Ally McCoist, the former Rangers forward, who remains the Club’s all-time leading goal scorer.
For more information please visit the website: http://www.rangers.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
LB
The internal enquiry has obviously said to green – you’re screwed
Phil MacGiollaBhain @Pmacgiollabhain 13m @BobSmithWalker http://www.philmacgiollabhain.ie/a-matter-of-timing/ … That was Monday, this Monday… Next week could be even more eventful ;-)
James Forrest is Neil Lennon! We are ALL Neil Lennon!
One thing he won’t be doing is showing any kind of leadership…
Ain’t that right Campbell..
Disband the SFA..
ASonOfDan
Don’t worry about the Sevco share price mate…..all the libraries are now shut until Monday so the Bhuns canny get online to sell them….
HH
How are Sheffield Utd doing again?
O.G.Rafferty
16:56 on
19 April, 2013
Poor old Chris Graham on twitter.
you are mistaken, he is polishing his brown brogues for ANOTHER appearance on STV
On a more serious note today on his feed we have had mention of Jock Stein and Lenny
If this is the most intelligent pro-fan Sevco has Jeezus they are in even more trouble than I thought
They’ll be dancing in the streets of Sheffield tonight
Have to admit Chuckles is good, we are probably a couple of hours away from the Title and we are talking about thems all day. Still comedy gold all the same. So much to celebrate, so much time!
Has Longmuir’s time arrived?
ernie lynch
16:38 on 19 April, 2013
Ernie, Again many thanks, the picture of the Baffle wall in front of the close with the soldiers going past, has been copied and is now proudly pasted onto here project.
I am now reading Jack Mulrine’s story, Intersting to see he attended Our Holy Redeemer School. Thanks go to Jack too
A Pars fan to Chris Graham:
Have you ever asked yourself why you find it so difficult to take take part in a polite discussion?
I don’t think he’s taking it too well!
dixiebhoy69
17:04 on
19 April, 2013
ASonOfDan
Don’t worry about the Sevco share price mate…..all the libraries are now shut until Monday so the Bhuns canny get online to sell them….
HH
My neighbour is a librarian, now I know why she is also pished and chatting me up! Anything but thems
It’s not easy being green and it’s going to be much harder for Chuck than for Kermit. One of them is a muppet by the way.
Wee wease Wodger!
*Gordon Smith rummages through his parents’ kitchen drawer looking for his CV.*
#NewSevcoCEO
EVERYBODY back down the Gallowgate on 11th May on Trophy day for a double celebration!
HH
smoke and mirrors, 17:06
The best they can and all he can manage is to resort to type.
He’ll look back on today as the calm before the storm. As Phil says, an interesting end of week ahead. Oh yes indeed.
Oh the mainstream media are duped again
Murray whyte now chuckles green
Stool pidgeon Cha Cha Cha Cha !!!
Wobbly 99 anyone ooooffffttttt !!
lol! They are f*****! So much for the FF view it was for racist comments.
“Whither AJ?”
*nods heid*
johnnyclash
lol!
Soon the only blue nose in town will be Iggle Piggle
ASonOfDan, 17:11
The least of their worries.
(to “Solitaire”)
“Now Craigy Boy’s the only game in town
And every road he takes takes them down.
The MSM now really can’t pretend.
HE’S COMING BACK AGAIN.”
See this BDO mob, are they the same ones that organise they darts tourneys?
You’d think they’d be used to dealing with a lot of pricks by now!
HH
Gene’s a Bhoy’s name
Broxi been sacked as well?
LB
‘proud of the achievements of The Club during my tenure as Chief Executive’
Jesus wept, Pumped out of every cup with the second highest wage bill in Scotland.
whitedoghunch,
First time I’ve heard that version. Thanks.
It’s at times like this that you have feel for Puir Wee Ally, you do don’t you, Puir Wee Ally, everybody’s pal…
…nup, Broxi now doubling as Doorman – staff cuts an’ all that…………
On a more serious topic, 2 young Chechen brothers [one dead after shootout with police] main suspects in Boston marathon bomb.
Chuckles has announced a new world record for the amount of Huns triple duped within a 12 month period!
Wobbly 99 I thank you ooooffffttt !!!