Rangers FC EGM result: Shareholders vote overwhlmingly in favour of board’s removal to bring in Dave King
Rangers shareholders have voted overwhelmingly in favour of the removal of the football club's current board, handing victory in the long-running boardroom battle to shareholder Dave King.
Chief executive Derek Llambias and finance director Barry Leach have been voted out with just under 85 per cent of shareholder support.
They have been replaced by South African businessman David King and his associates Paul Murray and John Gilligan, also with 85 per cent of shareholder approval.
The vote was taken at an extraordinary general meeting held earlier today which lasted little more than 10 minutes.
Dave King, who holds a 14.5 per cent stake in the club, called the EGM to gain control of the board and unseat its four members allied with Sports Direct owner Mike Ashley, who also holds a stake in the club.
Two of the board members, chairman David Somers and James Easdale, resigned in the run-up to the meeting, meaning the two resolutions to oust them was not tabled.
The battle for control of the Scottish club has now been won by King, who had already predicted a "landslide" victory.