It seems that the Rangers EGM may be a foregone conclusion with the news that chairman David Somers is set to walk out of Ibrox before being forced out by disgruntled and angry shareholders.
An extraordinary general meeting is to take place on Friday 6th March, with the current regime set to be ousted from Ibrox Park it seems that Somers isn’t waiting to face the wrath and abuse of another meeting with shareholders and will follow James Easdale in departing the sinking ship.
The 66-year-old was appointed chairman in October 2014 but has never endeared himself to the Rangers fans.
It is expected that an announcement to the London Stock Exchange will be made tomorrow morning regarding Somers’ position.
There is no news on whether chief executive Derek Llambias and finance director Barry Leach will turn tail and run before they are pushed. Club chairman Sandy Easdale’s position must now be under threat, despite Mike Ashley still holding security over Murray Park, Edmiston House, Albion Car Park and even more important the security over the club’s badge.
The focus now turns to how the Scottish FA will deal with Dave King’s tax convictions in South Africa and if he can sweet talk them into accepting what is inevitably his control and majority ownership of Rangers.
Safe to say that even if the South African based businessman takes control of Rangers with the blessing of the Scottish FA – Rangers’ financial issues and other problems won’t be solved in the short-term.