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SUSPENSIONS AT HOLDING COMPANY THAT OWNS THE (SIC) CLUB

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THE RANGERS* holding company  has suspended Derek Llambias, Barry Leach and Sandy Easdale from all duties with the holding company that owns the football club and the club itself, which was formed in 2012 after the liquidation of Rangers FC. 

Former chief executive Llambias and ex-finance director Leach were ousted from the Ibrox board on  Friday after chairman-elect Dave King’s consortium were handed control of the financially-troubled three year old club.

Originally, King stated both would remain with “executive responsibilities” until further notice, but they will now play no part in the day-to-day running of the club pending an investigation.

Easdale, the chairman of the football board, has also been suspended with the club revealing all three are subject to a resolution to remove them as directors.

A statement read: “Rangers Football Club (sic) announce today that Derek Llambias, Barry Leach and Sandy Easdale have been suspended from their duties pending an investigation.

“It is also noted that Mr Llambias and Mr Leach, along with Sandy Easdale, have been advised that a resolution to remove them as directors of the Company has been received by the Company.

“A meeting may be required for this purpose, but it is hoped that this will not prove necessary.

“Acting chairman Paul Murray, fellow directors Douglas Park and John Gilligan, and the club’s head of football administration Andrew Dickson have been appointed to the board of the company.”

Paul Murray and Dave King were both Directors of Rangers FC prior to its liquidation.
 
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