Imran Ahmad Sells Shareholdings in Rangers

Former Rangers director Imran Ahmad has sold his shareholding in the Glasgow club.

The Scottish League One club told the London Stock Exchange that Ahmad ‘no longer has a modifiable interest in the company’s issued share capital.’

The statement continued: “The board is actively seeking a new chairman and the directors will also consider other additions to the board in order to ensure board efficacy at all times.”

Former chief executive Charles Green left his consultancy role at Ibrox yesterday and the club is facing serious problems at boardroom level.

However, the club have refused to stage an emergency meeting and the club told the Stock Exchange: “Further to the announcement of 2 August 2013, the board is holding discussions with representatives of the requisitioners with the aim of avoiding the need for a general meeting, at this time, and the associated unnecessary cost and disruption to the company.

“The board’s aim remains finding a solution to achieve stability and unity among all stakeholders for the benefit of the club.

“The board is actively seeking a new chairman and the directors will also consider other additions to the board in order to ensure board efficacy at all times.”