Rangers FC has launched legal proceedings against Mike Ashley and several former Rangers executives.
In the latest battle in the war between Rangers Chairman Dave King and Sports Direct founder Mike Ashley, the club launched formal legal action against the businessman. The exact nature of these proceedings remains unknown.
Listed “defenders” in the case include former Rangers chief executives Charles Green and Derek Llambias, former finance director Brian Stockbridge and former director Imran Ahmad.
Green took over Rangers in 2012 after the club went into liquidation. Ahmed and Stockbridge were subsequently appointed to his board, while Ashley’s close friend Llambias was appointed to the club’s board in 2014. He was kicked out by King in 2015, and since then the South-African businessman has attempted to end the club’s relationship with Ashley, who owns 8.92% of Rangers.
Under the current arrangement, Rangers gain only 4p for every £1 spent at its Ibrox store.
King recently announced his intention to rip up all commercial contracts that the club has with Ashley. All Sports Direct merchandise was removed from the Rangers online store, and the club has also refused to wear Ashley’s strip for the Scottish Cup Final.
Sports Direct, Ashley, Llambias and Green have made no comment on these latest developments. According to the Guardian, the whereabouts of Ahmad remain unknown, while Stockbridge has not responded to efforts to contact him.