The chief executive of Rangers quit today after less than six months in the job, deepening the off-field problems facing the club as it tries to recover from financial collapse. Rangers made a loss of £14m in the 13 months to June.
Rangers said that CEO Craig Mather had left by mutual consent, giving no reason for his departure. He appears to be the victim of a struggle for boardroom control of the club which listed on the AIM stock exchange last December.
The chief executive of Rangers quit today after less than six months in the job, deepening the off-field problems facing the club as it tries to recover from financial collapse. Rangers made a loss of £14m in the 13 months to June.
Rangers said that CEO Craig Mather had left by mutual consent, giving no reason for his departure. He appears to be the victim of a struggle for boardroom control of the club which listed on the AIM stock exchange last December.
In a statement, Mather said, ‘My short tenure as chief executive has been beset by incessant attempts to destabilise the operations of the club, all done supposedly in the interests of Rangers.’
‘Despite recent events and speculation, the facts of the matter are that the club is financially secure and in a far better place than it was a year ago. Unlike most football clubs Rangers has money in the bank, no borrowings and this season we have assembled a squad which is capable of progressing through the leagues.’
The club was this week forced to postpone its annual meeting, due to be held next week, after legal action brought by minority shareholders seeking changes to the board.
The head of a Rangers supporters group believes that fans will launch further protests against ongoing boardroom uncertainty during this weekend’s game with Brechin.
Drew Robertson, head of the Rangers Supporters’ Association, said: ‘The Rangers fans will be making their voices heard but it is because they want this chapter to be closed and for the club they love to start moving onwards and upwards.’