Hints and tips:
...Mr Somers suggested in his resignation statement that he found some of the criticism of him unfair....
...The board of Rangers has revealed the pointed questions it will ask at a general meeting of Dave King, the shareholder moving to wrest control of the football club from Mike Ashley....
...The broker’s resignation follows the departure of David Somers, the group’s chairman, on Monday and of James Easdale, one of the non-executive directors, last week....
...The power struggle at Rangers has deepened after former director Dave King mounted a bid to remove four board members of the embattled Scottish football club....
...Former director Dave King, whose family trust New Oasis Asset owns 14.6 per cent of Rangers, turned down the board’s offer of a nominated director, plus an additional independent director....
...New Oasis Asset Management, a family trust of former director Dave King, has 14.6 per cent....
...Dave King, the South African businessman seeking to wrest control of Rangers Football Club from retail entrepreneur Mike Ashley, claimed victory ahead of Friday’s emergency meeting of shareholders....
...The offer was made in an email to Mr Somers in which he asked the board to call a general meeting to approve the issuing of new shares....
...The broker has since threatened to resign if Dave King succeeds in his attempt at a boardroom coup on Friday. For a broker earning fees of £3.2m a year, giving up a client is no small gesture....
...He was written off as a nerdy Etonian snob, unsuited to Demotic Dave’s detoxified Conservatives....
...The remaining board members are chairman David Somers, James Easdale, Norman Crighton and Mr Wallace, a former Manchester City chief executive who was appointed last November....
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