Mike Ashley free to vote at Rangers AGM after successful court action
Newcastle owner and Rangers shareholder Mike Ashley has succeeded in court action to remove a resolution relating to dual interests from the Ibrox club's annual general meeting.
Newcastle owner and Rangers shareholder Mike Ashley has succeeded in court action to remove a resolution relating to dual interests from the Ibrox club's annual general meeting.
Rangers confirmed that Ashley's Mash Holdings company, which has a nine per cent stake in Rangers, had partly won legal action at the Court of Session in Edinburgh last week, securing an interim decision to withdraw one resolution from Friday's meeting, but failing on two other counts.
Resolution 11 would have removed Ashley's right to vote at general meetings, along with any other shareholder who held interests in other clubs.
A Rangers statement said the resolution was intended to afford them protection against a further breach of the Scottish Football Association's rule on dual interests. Both Rangers and Ashley have been punished by the SFA over the Newcastle owner's past involvement at Ibrox, although the latter is fighting the governing body in one of several other court cases relating to the club.
The statement added: The company is under an obligation to demonstrate the utmost good faith to the SFA in relation to any possible breaches of disciplinary rule 19.''
The resolutions which Ashley failed to remove are related to equity securities.