Rangers boardroom: Paul Murray hails AGM halt

Paul Murray has successfully delayed the AGM. Picture: SNS
Paul Murray has successfully delayed the AGM. Picture: SNS
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Paul Murray claims Monday’s courtroom victory over the Rangers board was a triumph for democracy, after postponing the club’s AGM in an Edinburgh court.

The former oldco director was successful in his bid to postpone the Ibrox club’s annual general meeting as he was granted an interim interdict, blocking the meeting taking place on October 24 at the Court of Session in Edinburgh.

Murray wanted the meeting delayed after the Rangers board blocked his motion to have an election on the proposed admission to the board of himself and former chairman Malcolm Murray, as well as allies Scott Murdoch and Alex Wilson, added to the business of the AGM.

Lord Tyre ruled there was “no valid legal reason” for chief executive Craig Mather and the other Rangers directors not to present the Murrays’ motion to the rest of the club’s shareholders.

Rangers must now give 21 days’ notice to shareholders before they can stage a fresh AGM, which must take place no later than December 30.

Now Murray says it will be up to the club’s shareholders to decide who runs the company.

He said: “I’m absolutely delighted - this could not have gone any better.

“We did not want to be here in the first place and it was ridiculous that we ended up in court for a football club.

“All we were looking for was to give the shareholders and other stakeholders a democratic vote at the AGM. If people don’t want me to be a director, that’s fine and I will have to accept that.

“But surely any fair minded person has to accept there has to be a democratic vote. I don’t understand why the board would not see that as being the sensible thing to do.

“Some people have portrayed us as being troublemakers. But all we are doing is representing quite a lot of shareholders and fans who have got concerns about two things - a lack of corporate governance and a lack of financial transparency.

“What we have seen today sums up why we are having these discussions about who should be on the board. This current board just did not want to accept a democratic vote.”