chilledbear 16 Posted May 17, 2013 Share Posted May 17, 2013 http://www.thesun.co.uk/sol/homepage/sport/leaguedivision3/4930927/Lawyer-Mazen-Nabil-Houssamis-Rangers-board-bid.html#ixzz2TVd1uoT9 A MIDDLE Eastern lawyer linked to Charles Green has revealed HE is behind the move to force dramatic boardroom changes at Rangers. Major investor Mazen Nabil Houssami, 39, has demanded an emergency shareholders meeting — and the sacking of chairman Malcolm Murray. He wants to win seats on the board for Chris Morgan, 50 — from Mr Houssami’s overseas investment firm Blue Pitch Holdings — and bus tycoon James Easdale, 42. And his plan could see Green BACK at Ibrox in in a day-to-day role. In his legal letter, Mr Houssami also called for director Phil Cartmell to go. The Lebanese-based barrister said last night: “It’s the right time for shareholders to meet and decide what to do. “There’s been a lot going on. The shareholders haven’t been informed of what’s happening. Somebody had to do this.” Yesterday we revealed the daring bid to seize the reins at Ibrox — prompting Rangers to issue a stock market statement on the move. Blue Pitch Holdings owns six per cent of Rangers — enough to force an EGM. The firm was part of Green’s takeover consortium last year. Mr Houssami said of his plans: “Hopefully it will be good for the team. It’s suffered a lot.” He declined to discuss any links with Green — who insiders claim could return to Ibrox if cleared by a probe into his alleged dealings with shamed ex-owner Craig Whyte. Rangers shares closed yesterday at 56p. Hours earlier, the club told the stock exchange it had “received correspondence” requesting an EGM. A Gers spokesman said: “The board is seeking clarity on the validity of this requisition.” Meanwhile, last night Ticketus made moves to liquidate Whyte’s Virgin Islands company as they chase £17.7million awarded to them by a court. The firm — duped by Whyte into bankrolling his Ibrox takeover — applied to have Liberty Capital put into liquidation. A hearing is due to take place at the island’s high court on May 27. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted May 17, 2013 Author Share Posted May 17, 2013 myView By NEIL PATEY, Football finance expert THIS appears to be a classic power struggle to get control of the Rangers board â?? which is extremely important. Control of the board means having power over day-to-day operations, under delegated authority from the shareholders. Reading between the lines, it appears the request for an EGM is from the Charles Green camp. Itâ??s possible this could mean a return of Green to a leading role â?? if directors loyal to him control the board. Heâ??d still have to reflect on his standing in the eyes of the public and fans and whether it was the right thing to do. But the ongoing uncertainty is something Rangers donâ??t need. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted May 17, 2013 Share Posted May 17, 2013 if green was to return and i don't see how he could it would purely be an excercise in milking the club for more millions with total disregard for whats good for the club. 0 Quote Link to post Share on other sites More sharing options...
Calgacus 8 Posted May 17, 2013 Share Posted May 17, 2013 especially since he's already have a shall we say "generous" pay off. Though I don't see why he needs to come back (from his own point of view) If as is claimed the Easdales have agreed to buy his shares, then what is there for him to do at Ibrox? 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted May 17, 2013 Share Posted May 17, 2013 especially since he's already have a shall we say "generous" pay off. Though I don't see why he needs to come back (from his own point of view) If as is claimed the Easdales have agreed to buy his shares, then what is there for him to do at Ibrox? I don't think CG will be back. His work is done. Latterly, he may have planned to stay longer, but his initial plan was to be gone within 12 months. Whether he returns as a spectator/guest at any point will probably depend on the outcome of the current investigation. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted May 17, 2013 Share Posted May 17, 2013 I'd be happy to see Green back. 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted May 17, 2013 Share Posted May 17, 2013 I'd be happy to see Green back. What a shock. having read all your hundreds of posts on every thread you can jump in on, across forum after forum, declaring your blind devotion and undying love to and for that self-confessed repeat liar, I am absolutely flabbergasted to read this, or maybe not. 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted May 17, 2013 Share Posted May 17, 2013 What a shock. having read all your hundreds of posts on every thread you can jump in on, across forum after forum, declaring your blind devotion and undying love to and for that self-confessed repeat liar, I am absolutely flabbergasted to read this, or maybe not. I assume you also attack excessive (more than I am) postings of the opposite opinion? 0 Quote Link to post Share on other sites More sharing options...
Tom Davison 0 Posted May 17, 2013 Share Posted May 17, 2013 So, some lawyer from the Middle East, called Houssami feels he has a right to influence the structure of the board of Glasgow Rangers. The word on my lips right now is DESPAIR. 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted May 17, 2013 Share Posted May 17, 2013 So, some lawyer from the Middle East, called Houssami feels he has a right to influence the structure of the board of Glasgow Rangers. The word on my lips right now is DESPAIR. if he has more than a 5% share, he has every right.... 0 Quote Link to post Share on other sites More sharing options...
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