The plot thickens at Rangers, as Mike Ashley confidante Derek Llambias, who was the Managing Director at Newcastle United from May 2008 until the summer of 2013, has been appointed the CEO of Rangers FC.
Derek LLambias – at Glasgow Airport earlier this year
The Scottish Football Association announced last week they would be investigating both Mike Ashley and Rangers FC, and they want to know more about the (extreme) influence Ashley has at Rangers, after giving the club a £3M loan.
Although Mike Ashley owns just less than 10% (8.92%) of Rangers, he is now effectively in complete control of the club, and has now taken the next step of getting one of his people to run Rangers FC.
This is the Rangers statement that was issued today to the Stock Exchange:
“In line with the cost cutting exercise announced on 12 November 2014, Mr Llambias’s remuneration will be significantly lower than previously offered for this position.”
Non-executive Chairman David Somers had this to say:
“I am delighted that Derek has agreed to step up to the chief executive role. This is a successful outcome to the process, announced on 27 October 2014, which involved interviewing a number of high-caliber candidates.”
“Derek has impressed us with his grasp of the issues since joining the group and brings a wealth of experience, particularly from his time at Newcastle, which we feel confident will be invaluable to Rangers.”
This follows the announcement last week that Rangers manager Ally McCoist had resigned, and is working a 12-month notice period at an increased salary of £750K/year.
And you have to believe that move was also instigated by Ashley, as he starts to exert his influence over the famous Scottish club, gained because of that loan he has given the club.
That influence that Mike Ashley now has at Rangers is exactly what the Scottish FA want to understand more of, since the Newcastle United owner still owns less than 10% of the Scottish club.
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