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[Official] Rangers appoint Fraser Thornton as Chairman


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I worked with Fraser briefly back in the early 90s, and also knew his dad, who was also a massive bluenose and their company was a sponsor of Rangers for many years.

 

Fraser has mainly been involved in the whisky/drinks industry over the years.

 

I haven't come across him for many, many years so can't comment on his suitability, but he certainly knows the club and the Scottish football scene. I guess I'd hoped for someone with a wider range of experience and perhaps not have the connection with the club, but hopefully Fraser will step up and be a great chairman. 

 

An article on his dad:

 

RANGERS fan Bill Thornton, former chairman and chief executive of Burn Stewart, spent (pounds) 1m of the distiller's money buying shares in the Ibrox club, it has emerged, leaving investors in the debt-laden firm nursing a paper loss of (pounds) 600,000. 

 

However, the East Kilbride firm, which has since been taken over, is unrepentant about its brush with the volatile world of football finance.

Ian Bankier, chief executive of the renamed CL World Brands, said the company may seek a similar arrangement with Celtic to boost the popularity of its Scottish Leader whisky blend among Old Firm fans.

 

Burn Stewart's investment in Rangers dates from 1995, when the club invited selected corporate figures to become honorary directors in exchange for a five-year ''soft loan'' of (pounds) 1m.

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