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Rangers: Charles Green steps down as chief executive

By Chris McLaughlin and Alasdair LamontBBC Scotland

Last updated on .From the section Footballcomments687

Charles Green

Charles Green has told Rangers' board he intends to leave his chief executive role "with immediate effect".

Green took up the position last summer after leading a consortium that purchased the assets of the liquidated Rangers Football Club plc.

commissioned by the club's board, following allegations of covert dealings with former Rangers owner Craig Whyte.

Green says it's "appropriate" to leave.

A club spokesman told the London Stock Exchange: "Recent weeks have seen media interest in the circumstances surrounding the period prior to the acquisition of the club by the consortium led by Mr Green.

"Whilst Mr Green strenuously denies any wrongdoing, he has recognised that this negative publicity is a distraction and is detracting from the achievements and reputation of the club.

"As a result, Mr Green has informed the board that he will leave his post with immediate effect and leave the company, following an orderly handover, by the end of May.

"The board has commenced the search for a new chief executive and expects the role to attract high quality candidates from both within and outwith the industry. A further announcement will be made in due course."

Yorkshireman Green is the club's single biggest shareholder with just under 8%.

After an unsuccessful attempt to save Rangers FC plc from liquidation, he completed the asset purchase in June.

Green had hoped to take over the Scottish Premier League place previously held by the Ibrox club but that request was rejected by the top flight's members.

Rangers under the stewardship of Green's consortium were subsequently placed in Scottish Division Three for this season and were confirmed as the bottom tier's winners in late March.

However, in April, Whyte threatened legal action to prove he still has ownership over Rangers' assets and released audio recordings of conversations he had with Green and Rangers commercial director Imran Ahmad.

Non-executive directors then commissioned an investigation into the matter and

"Recent events have undoubtedly been a distraction for both myself and all involved with Rangers," Green explained in a statement.

"I am very proud to have been associated with a club of the stature of Rangers and am proud of the achievements of the club during my tenure as chief executive.

"My thanks go to the Rangers fans, whose support has been tremendous during my time at the club."

Rangers chairman Malcolm Murray said "Green was instrumental in helping to secure financial stability for the club".

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687 comments

  • Comment posted by neil, at 14:28 19 Apr 2013

    The history of Rangers From 2011 to 2013 will be known as 'The Green and Whyte Years'.

    Superb

  • Comment posted by U14814703, at 14:40 19 Apr 2013

    So Charles green does "walking away"

  • Comment posted by Govie, at 14:24 19 Apr 2013

    What a shame. He seemed such a nice honest quiet chap.

  • Comment posted by Kevin Morice, at 15:09 19 Apr 2013

    The comedy continues. It is quite obvious that the shenanigans going on here have been illegal and that there are bigger questions for all those involved to answer in a court of law.

    Millions of pounds have been stolen and defrauded, and someone needs to be paying, in money and possibly in jail time.

  • Comment posted by U15699324, at 15:06 19 Apr 2013

    Mr Green, Mr Whyte, Mr Gold would be the next candidate for me!

  • Comment posted by Megansdad, at 15:12 19 Apr 2013

    @76! Enemies of Rangers!?
    The biggest enemies of Rangers are Rangers themselves. Get this into your head. No one else got you into debt. No one else forced you to spend what you couldn't afford. No one forced David Murray's hubris on you and no one forced Craig Whyte on you. Your own triumphalism and inability to distinguish healthy criticism are your downfall not imaginary enemies. Grow up.

  • Comment posted by paulonaeshop, at 14:40 19 Apr 2013

    Shall we also expect resignations of the SFA Members that vetted and vetoed this crook to run the crooks?

  • Comment posted by U14202284, at 15:39 19 Apr 2013

    Green is an opportunist, no passion for Rangers, only lining his pockets.

    I like many others thought the rebirth of Rangers would and should herald the end of the numpty union flag wearing bigot brigade, sadly it did not.

    Perhaps with Green's departure gives Rangers the chance to become a Scottish team with the numpty brigade banished!

    C McK

  • Comment posted by Derek, at 14:49 19 Apr 2013

    Suggests there maybe something in the claims about green and whyte....expect rangers to go bust again shortly...disgraceful way to run any company...its about time that someone was looking at these clubs to ensure they are compliant

  • Comment posted by goggyturk, at 14:33 19 Apr 2013

    Ah, but will the hidden agenda of transforming Rangers into a mid-table English Championship team continue now he's gone?

    Shame really, what will the tabloids fill their back pages with now Mad Vlad and Crazy Charles have met their demise?

  • Comment posted by U15632412, at 14:30 19 Apr 2013

    Maybe time for another police investigation?

    If he misrepresented himself and ran the club under false pretences then does than make Rangers' recent share issue dodgy?

  • Comment posted by Astonishingly Brilliant, at 14:30 19 Apr 2013

    I suppose this was inevitable after he fell out with the Rangers owner, Craig Whyte.

  • Comment posted by U15632412, at 14:18 19 Apr 2013

    Good. I've found him to be incredibly disingenuous and has used Rangers as a way to publicise himself.

  • Comment posted by U15495065, at 14:45 19 Apr 2013

    @34 Finanacial secure????? losing 1mil a month currently???? They couldnt be more financial unsecure?????

  • Comment posted by U14088698, at 15:04 19 Apr 2013

    black day for blues as green and whyte go to court

  • Comment posted by U15495065, at 14:55 19 Apr 2013

    @47 its in the accounts rangers published, they are losing 1 mil a month and will continue to do so until the squad wages are cut or extra revenue is generated! The milions in the bank from the share issue is dwindling with the losses! By end of july rangers wont have a penny in the bank and will be borrowing from the bank, if they have no investment! READ THE ACCOUNTS PLEASE!!!!!

  • Comment posted by Ecksfreelunch, at 14:20 19 Apr 2013

    You really couldn't make it up. As if football really figures in this obscene saga.

  • Comment posted by U12525194, at 16:35 19 Apr 2013

    I should get a few quid together and see if I can buy Third Lanark's history. Then I can claim I personally won the league title & Scottish Cup twice, decades before even my dad was born.
    That's how it works according to The Rangers fans anyway!

  • Comment posted by U15632412, at 15:30 19 Apr 2013

    @105 No titles for celtic unfortunately.

    It seems swearing is against the SFA rules and apparently Neil Lennon has been doing this for decades now.

    Since Celtic weren't punished at the time, the only option now is to have all their titles stripped.

  • Comment posted by U14722651, at 14:50 19 Apr 2013

    @ 35. monthetic "This guy was a great source of comedy. Kinda sad to see him go"

    I agree, Charles Green and Shebby Singh provide me enormous entertainment. They’re geniuses.

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