Rangers chief executive Craig Mather steps down after latest boardroom upheaval

Mather leaves role after admitting the club's best interests are behind his decision

Craig Mather has stepped down as chief executive of Rangers as the boardroom upheaval continues at Ibrox.

Mather said he was departing in order to try to restore calm to the club, two days after former oldco director Paul Murray won a courtroom victory to force a postponement of next week's schedule annual general meeting in a dispute over a possible election to determine whether he and his allies should join the board.

"The interests of the club are of paramount importance and I believe these are best served by me leaving the club," Mather said on the club's website.

Mather went on to say he regretted the ongoing boardroom battles, but insisted he had left the club on a solid footing despite the challenges posed.

"Despite recent events and speculation, the facts of the matter are that the Club is financially secure and in a far better place than it was a year ago," he said.

"Unlike most football clubs Rangers has money in the bank, no borrowings and this season we have assembled a squad which is capable of progressing through the leagues.

"I have enjoyed a very constructive relationship with Ally McCoist and wish him and the team every success.

"My short tenure as chief executive has been beset by incessant attempts to destabilise the operations of the Club, all done supposedly in the interests of Rangers.

"I had real faith in the rebuilding of Rangers and invested significantly in the Club. Sadly, those who have been most active in upsetting the very good progress we have been making were not willing to do the same.

"I leave with my head held high and will remain as a shareholder and a supporter of Ally and his team."

Rangers also confirmed to the London Stock Exchange the departure of non-executive director Bryan Smart.

The statement read: "The Company also announces that Non-Executive Director Bryan Smart has resigned from the board with immediate effect.

"The Directors would like to thank both Craig and Bryan for their contributions to the Club.

"As a matter of priority, the Company, working with its advisers, will now seek to strengthen the Board, both to meet the standards required for an AIM company, and to achieve stability through a consensus amongst major shareholders, which can then be considered by all shareholders at the Annual General Meeting."

Mather replaced Charles Green as chief executive in April on an interim basis before taking on the role permanently.

He added: "I would also like to pay tribute to the outstanding commitment and loyalty of Rangers supporters.

"No individual is more important than Rangers and my departure will hopefully alleviate some of the pressure surrounding the Club and herald an end to the current hysteria, which I believe most fans desperately want to see. I have always tried to do my best for the Club and the fans and I will continue my support of what is a fantastic Club.

"There are a great many good and thoroughly decent people working with Rangers and I am proud to say that I was able to stand alongside them for a time.

"It is often forgotten that I put in £1m of my own money but I can assure everyone that it was never about the money for me. I consider it to have been my privilege and I am certain that once the Board is settled Rangers will be restored to the top of Scottish football.

"I wish Rangers and the fans every success in the weeks, months and years ahead.

"I will continue to follow the Club's fortunes and support the team which is playing an exciting style of football. In fact, I hope to return to Ibrox and take in as many matches as my time will allow."

PA

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

Syria crisis: Celebrities call on David Cameron to take more refugees as one young mother tells of torture by Assad regime

Celebrities call on David Cameron to take more Syrian refugees

One young mother tells of torture by Assad regime
The enemy within: People who hear voices in their heads are being encouraged to talk back – with promising results

The enemy within

People who hear voices in their heads are being encouraged to talk back
'In Auschwitz you got used to anything'

'In Auschwitz you got used to anything'

Survivors of the Nazi concentration camp remember its horror, 70 years on
Autumn/winter menswear 2015: The uniforms that make up modern life come to the fore

Autumn/winter menswear 2015

The uniforms that make up modern life come to the fore
'I'm gay, and plan to fight military homophobia'

'I'm gay, and plan to fight military homophobia'

Army general planning to come out
Iraq invasion 2003: The bloody warnings six wise men gave to Tony Blair as he prepared to launch poorly planned campaign

What the six wise men told Tony Blair

Months before the invasion of Iraq in 2003, experts sought to warn the PM about his plans. Here, four of them recall that day
25 years of The Independent on Sunday: The stories, the writers and the changes over the last quarter of a century

25 years of The Independent on Sunday

The stories, the writers and the changes over the last quarter of a century
Homeless Veterans appeal: 'Really caring is a dangerous emotion in this kind of work'

Homeless Veterans appeal

As head of The Soldiers' Charity, Martin Rutledge has to temper compassion with realism. He tells Chris Green how his Army career prepared him
Wu-Tang Clan and The Sexual Objects offer fans a chance to own the only copies of their latest albums

Smash hit go under the hammer

It's nice to pick up a new record once in a while, but the purchasers of two latest releases can go a step further - by buying the only copy
Geeks who rocked the world: Documentary looks back at origins of the computer-games industry

The geeks who rocked the world

A new documentary looks back at origins of the computer-games industry
Belle & Sebastian interview: Stuart Murdoch reveals how the band is taking a new direction

Belle & Sebastian is taking a new direction

Twenty years ago, Belle & Sebastian was a fey indie band from Glasgow. It still is – except today, as prime mover Stuart Murdoch admits, it has a global cult following, from Hollywood to South Korea
America: Land of the free, home of the political dynasty

America: Land of the free, home of the political dynasty

These days in the US things are pretty much stuck where they are, both in politics and society at large, says Rupert Cornwell
A graphic history of US civil rights – in comic book form

A graphic history of US civil rights – in comic book form

A veteran of the Fifties campaigns is inspiring a new generation of activists
Winston Churchill: the enigma of a British hero

Winston Churchill: the enigma of a British hero

A C Benson called him 'a horrid little fellow', George Orwell would have shot him, but what a giant he seems now, says DJ Taylor
Growing mussels: Precious freshwater shellfish are thriving in a unique green project

Growing mussels

Precious freshwater shellfish are thriving in a unique green project