Section 995 of the 2006 Companies Act

3378 days ago

Rangers FC - I ask AIM Regulation to launch formal probe

Earlier this week I asked if the Board of AIM listed Rangers FC could justify why it had rejected two refinancings in favour of a third proposal put forward by a major shareholder in the club Mr. Michael Ashley. The Board of Rangers FC (RFC) is dominated by business associates of Mr. Ashley. Can Rangers show paperwork to justify its decisions and therefore show that it did not breach Section 994 of the 2006 Companies Act? Rangers has not responded. And so today I have written to AIM Regulation Team asking it to investigate

I have already written to the Scottish FA asking it to investigate – see HERE.

Dear Sirs.