ENGINEERING tycoon Jim McColl has vowed that the fight for a revolution in the Rangers boardroom will continue, despite dropping a formal proposal to axe key executives and bring fresh faces to the top table.
Mr McColl, one of Scotland's richest men, confirmed that a bid to remove Craig Mather, Rangers' chief executive, finance director Brian Stockbridge and director Bryan Smart would now take place at an annual general meeting of the club.
Despite withdrawing his official move to force change, he said the appointment of new directors could take place after consultation with institutional investors and any new chairman that is elected.
Frank Blin has decided not to seek election to the board as part of the action led by Mr McColl, with fans yesterday calling for a replacement for the football finance expert.
Mr McColl said: "If the board think this has gone away, they are delusional. The issue has merely moved to the AGM. The requisitionists are still pursuing their original objective, which is to get change on the board. The only difference is they are going to use the AGM to exercise their rights."
Meanwhile, Mr Mather accused his opponents of spouting "wild accusations" and tossing around "insults and misinformation".
In a statement last night he said: "I know that there have been many of us who have been working tirelessly for Rangers and we believe totally that we are making a difference, even though some of us have been referred to as burglars, amateurs, asset strippers."
He continued: "Over the last couple of months this club has had the great misfortune to have been saddled with the threat of a GM, all because a group of individuals, most of whom have never done anything for Rangers, some of whom never having invested, believe they should become directors."
Mr Mather added that he has been in talks "behind the scenes" with Mr McColl, who he still believed would have been a "valuable addition" to the Rangers Board.
The AGM is expected to be held no later than October 31.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article