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Mike Ashley set to appoint Derek Llambias

6 years ago
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Mike Ashley has now cleared the way for Derek Llambias to be appointed his main man at Rangers.

The press in Scotland have now reported that the club’s Chief Executive Graham Wallace was sacked as part of the agreement to accept Ashley’s emergency loan.

Before this latest emergency loan offer, Mike Ashley had called for a special meeting of shareholders to try and remove both Wallace and Finance chief Phil Nash ([intlink id=”49342″ type=”post”]who resigned at the end of last week [/intlink]after Ashley came out on top), two people who were seen by Ashley as in the opposition camp trying to stop him talking control.

The Daily Record report that Ashley had insisted that a key part of the deal was that he would decide who would take the two key positions of Finance Director and Chief Executive, with another associate of Ashley’s, Stephen Mucklow, expected to take the finance position.

Not only has Mike Ashley dictated who will be running the club but another facet of his financial bailout sees him having security over two of the club’s major (surviving) assets, the Albion car park and Edmiston House – a building next to Ibrox with development potential. All patent illustrations of just how desperate Rangers were to make a deal that would save them.

The Daily Record also revealed that after hearing about the rival £3m loan offer from Brian Kennedy on Friday, Mike Ashley had threatened Rangers Directors with legal action if own deal was rejected.

The Scottish newspaper reporting a source;

“Ashley was apoplectic when he heard Kennedy made a bigger offer.

“His lawyers made it clear to the board there could be devastating repercussions for those who tried to stand in his way. It is no surprise a few bottles crashed. Ashley is not someone to be messed with.”

Derek Llambias resigned from his post at Newcastle United after the appointment of Joe Kinnear for the second time. However, there have been various media reports since then which have said that Llambias and Ashley were mates again after getting over that episode.

When he was in post at St.James’ Park, Derek Llambias at times traveled up to Rangers and did work on Mike Ashley’s behalf back then.

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