Shareholders are due to attend Rangers’ extraordinary general meeting at Ibrox on Friday.
Newcastle United owner and Rangers shareholder Mike Ashley
to his Sports Direct firm.
And, on Thursday,
against Rangers disclosing confidential information about its retail deal with the club.
Ibrox chairman Dave King is not attending the EGM.
The Rangers board
Ashley has also called for explanations over the decisions that led to
from the Alternative Investment Market.
After setting a date for the EGM,
to be voted on, including providing shareholders with a breakdown of the income received by Rangers Retail Ltd and the payments it has made to the club.
However, Sports Direct, which owns 75%t of Rangers Retail under the terms of the £5m loan, went to court to prevent disclosure.
Prior to that,
insisting repayment of the loan was the best way for Rangers to boost their retail income. Rangers’ shareholding in Rangers Retail would be restored to 51% if the loan was repaid.
The board also want shareholders to consider removing the voting rights of shareholders who own stakes in other clubs and a renegotiation of the club’s arrangement with Sports Direct.
In March’s EGM,
replacing Derek Llambias and Barry Leach, associates of Ashley and Sports Direct.
Douglas Park was subsequently added to the board and South Africa-based businessman King became chairman after
Source: BBC Football Read Original Article: Rangers EGM to vote on Ashley loan