ian1964 10,761 Posted March 1, 2015 Share Posted March 1, 2015 ...after Dave King wins battle for control of Ibrox. Mike Ashley’s two remaining Ibrox lieutenants will be hounded out of Rangers as a first priority by new powerbroker Dave King — who has won his battle for control of the club. Chairman David Somers is expected to announce his resignation to the London Stock Exchange Monday morning and the rest of the board will follow before Friday’s planned EGM, which now becomes a mere technicality after it became clear that King has enough votes to oust the current regime. And Sportsmail understands that King’s first move will be to sack chief executive Derek Llambias and finance director Barry Leach, who have both just been awarded bumper contracts — complete with lengthy notice periods. The South Africa- based businessman is determined to get rid of both men, whom he intends to remove from the board and dismiss as employees, whatever the cost. Leach was nominated to the board by Ashley, whose emergency loans have kept Rangers afloat in exchange for an increasingly large slice of retail revenues, while Llambias is a long-time running partner of the Newcastle United owner. The resignation of Somers represents virtually the final shot fired in a war that has pitted King and his allies, Paul Murray and John Gilligan, against the cabal of major creditor Ashley and the Easdale brothers. Along with the Three Bears consortium of George Letham, Douglas Park and George Taylor, former director King has been buying shares and gathering proxies — including those from thousands of ordinary fans who have bought into his vision for the club — in a bid to have the current board removed from office. King, along with his likely board appointees Murray and Gilligan, intends to be in Glasgow for an EGM which should now be reduced to the company’s NOMAD taking note of the various resolutions and recording the votes. News of Somers’ expected resignation leaked out on Sunday, prompting huge celebration among Rangers fans, who had cited his presence as perhaps one of the most public demonstrations of the disconnect between supporters and the board. The chairman’s handling of the recent AGM, in particular, prompted fury among shareholders — and his decision to go now is clearly at last in part motivated by a desire to avoid another high-profile humiliation. Rangers remain in serious financial trouble despite King’s arrival, with the repayment of Ashley’s loans — at least £5 million — and meeting running costs likely to require upwards of £25 million over the next two years, even if the team do gain promotion to the Premiership this season. With Ally McCoist on gardening leave and interim caretaker boss Kenny McDowall serving his notice, appointing a new manager will also be a priority for King. Stuart McCall is among the favourites for the post. Read more: http://www.dailymail.co.uk/sport/football/article-2974870/Derek-Llambias-Barry-Leach-set-sacked-Rangers-Dave-King.html#ixzz3TBJwewHJ Follow us: @MailOnline on Twitter | DailyMail on Facebook 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted March 2, 2015 Share Posted March 2, 2015 Not so good. And Sportsmail understands that King’s first move will be to sack chief executive Derek Llambias and finance director Barry Leach, who have both just been awarded bumper contracts — complete with lengthy notice periods. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 2, 2015 Share Posted March 2, 2015 Leach and lambias are ****s and will cost us loads. Just like the previous ****s. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,743 Posted March 2, 2015 Share Posted March 2, 2015 (edited) Difficult though it may be for some, I think King will need to try & work with Ashley for the time being. Especially if the bit about bumper contracts with lengthy notice periods is true. Where will the money come from to terminate these contracts ? Edited March 2, 2015 by RANGERRAB 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 2, 2015 Share Posted March 2, 2015 King will have to take a vice like grip on rangers like Ashley has done with loans no doubt. 0 Quote Link to post Share on other sites More sharing options...
JTP 0 Posted March 2, 2015 Share Posted March 2, 2015 I'd make them work it, and sit them both in a corner of the office where everyone can see them. I'd give them data entry tasks, or maybe even an Accounts Payable role. On their hefty salary of course ........... And see how long they would last ............ 0 Quote Link to post Share on other sites More sharing options...
Laudbertz 0 Posted March 2, 2015 Share Posted March 2, 2015 I'd make them work it, and sit them both in a corner of the office where everyone can see them. I'd give them data entry tasks, or maybe even an Accounts Payable role. On their hefty salary of course ........... And see how long they would last ............ Accounts payable, are you mad?? .... they'd screw us! Oh whats this, an invoice from SD, let's add a couple of 0's to the end of this already ridiculous payment. lol 0 Quote Link to post Share on other sites More sharing options...
Darthter 542 Posted March 2, 2015 Share Posted March 2, 2015 I would suggest they should be Beverage & refreshment Executives - put them in charge of the ACTUAL biscuit tin!!!! 0 Quote Link to post Share on other sites More sharing options...
BalooBear 7 Posted March 2, 2015 Share Posted March 2, 2015 Make them supporters club liaison officials , were the main duties are to travel to supporters clubs and interact with them I am sure they would be popular.:box: 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted March 2, 2015 Share Posted March 2, 2015 they should be put on gardening leave to stop them going back to ashley. 0 Quote Link to post Share on other sites More sharing options...
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