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Ashley likely to haunt proceedings

Rangers board meets amid ongoing battles

IbroxThe Rangers board holds its first annual general meeting today since it replaced the discredited former regime in March, although there is expected to be the familiar tension between shareholder-fans and those in charge.

While the new board has gained the confidence of the supporters, key issues remain to be resolved, not least the ongoing dispute with 8.9% shareholder Mike Ashley who is involved in a series of legal issues with chairman Dave King.

The biggest potential for a flare-up has been removed after Mr Ashley successfully stopped the board from moving a resolution designed to stop him – as the owner of another club – exercising voting rights at Ibrox.

However, questions will be asked on the retail deal with Mr Ashley’s Sports Direct Group which Mr King wants to renegotiate.

Mr Ashley is trying to have Mr King jailed for allegedly breaching confidentiality on the deal in an interview with Sky Sports.

Aside from power battles, the board will be quizzed about the potential for boosting the club’s transfer kitty ahead of the January window.

The meeting takes place at the Clyde Auditorium.

 

 

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