Rangers have confirmed that former Newcastle Managing Director Derek Llambias has been given a seat on the Board.
Derek LLambias arriving at Glasgow Airport last week
Last week Derek was named as a consultant to the club, and the recent appointment to the Board are both conditions of the £2M interest free loan that Mike Ashley has given the Scottish club, to help keep them financially above water through the end of this year.
Rangers have just issued a statement to the Stock Exchange that LLambias has now taken on official duties at the club.
David Somers was appointed Executive Chairman of the club on a temporary basis last week, and will now oversee the recruitment of a new Chief Executive and Finance Director, following the departures last week of Graham Wallace and Philip Nash.
It remains to be seen if LLambias will end up as the top executive at the club – but it’s almost certainly going to be one of Ashley’s people – so he will essentially have control of Rangers.
What happens after in the future and how all this activity at Rangers affects his ownership of Newcastle United is anybody’s guess at this point.
Newcastle fans are hoping he will sell Newcastle, and Rangers fans are hoping he will not buy Rangers.
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