Rangers board should survive

Shareholders will vote at an annual general meeting on Thursday to choose between Rangers’ current board and a requisition group led by Paul Murray and Malcolm Murray.

The current board are thought to be safe. Sandy Easdale, who holds 26.62 per cent of the shares, Laxey Partners (an Isle of Man hedge fund with 11.64 per cent of the shares), Artemis, Mike Ashley and Richard Hughes of Zeus Partners will back the current leadership. Their votes would produce a total of 54.67 per cent.

Shareholders will vote at an annual general meeting on Thursday to choose between Rangers’ current board and a requisition group led by Paul Murray and Malcolm Murray.

The current board are thought to be safe. Sandy Easdale, who holds 26.62 per cent of the shares, Laxey Partners (an Isle of Man hedge fund with 11.64 per cent of the shares), Artemis, Mike Ashley and Richard Hughes of Zeus Partners will back the current leadership. Their votes would produce a total of 54.67 per cent.