Charles Green resigns as Chief Executive of Rangers

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  By a Newsnet reporter
 
Charles Green has announced he is to step down as CEO of Rangers Football club.
 
In a statement issued last night Mr Green said: “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.”

In a statement to the London Stock Exchange the club claimed recent allegations relating to the acquisition of the club were behind the resignation.

The Rangers 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.”

The shock announcement follows controversial comments made by the outspoken Ibrox front man in which he admitted to using a racist term when addressing a business associate.  The Scottish Football Association charged Mr Green with bringing the game into disrepute.

Former Rangers owner Craig Whyte recently claimed he was part of the team behind Green’s successful bid to buy the assets of the old Rangers club, something Mr Green denies.