Rangers chief executive Charles Green is set to surrender his role at Ibrox, according to BBC Scotland. Green, who is Rangers’ biggest shareholder with around 8%, led the Sevco Scotland consortium which purchased the assets of the Rangers Football Club, following its demise into administration and subsequently liquidation.
Green has not had a great month of late, following racist comments he made when referring to commercial director Imran Ahmad and is also the subject of an independent investigation by financial firm Deloitte – which started this morning – on behalf of the Rangers board, following allegations of Green and former Rangers owner Craig Whyte working together in the shadows.
The Scottish Football Association have cited Green for his racist comments and are also conducting an investigation into the Green and Whyte partnership allegations.
Rangers issued a statement to the London Stock Exchange late afternoon, announcing Green’s decision to step down as chief executive with immediate effect and will also leave the company by the end of May.
Club chairman Malcolm Murray said: “Charles Green was instrumental in helping to secure financial stability for The Club. The impact that he had in turning The Club around from the dark days of last summer will never be forgotten by the fans who I am sure, like me, will thank him for this and for choosing to put The Club ahead of his personal position at this time.”
Charles Green added: “Recent events have undoubtedly been a distraction for both myself and all involved with Rangers and I feel that it is appropriate that I step down so that The Club can continue to progress back to where it belongs at the pinnacle of Scottish football.
“I am very proud to have been associated with a club of the stature of Rangers and am proud of the achievements of The Club during my tenure as Chief Executive. My thanks go to the Rangers fans, whose support has been tremendous during my time at The Club.”
Rangers will start the search for a new Chief Executive in earnest, with candidates sought from within football and away from the game.