Ashley...

SHAREHOLDERS in Rangers International Football Club plc will not be able to vote on Resolution 11 at Friday's AGM following court action from Mike Ashley.

The Sports Direct chief, through MASH Holding Limited, attempted to remove Resolutions 9, 10 and 11 from the business at the shareholder summit at the Clyde Auditorium later this week.

While he failed to block the vote on the first two points, which would, if approved by 75% of shareholders, allow the Ibrox board to issue fresh shares in RIFC plc and could see Dave King and the Three Bears convert their loans into shares in the future, he was successful in seeing the third Resolution withdrawn.

The Gers hierarchy were attempting to nulify Ashley's Ibrox influence after Rangers were fined by the Scottish FA earlier this year for breaching dual interest rules while Derek Llambias and Barry Leach, close allies of the Newcastle United chief, were in positions of power in Glasgow.

Rangers say they are now considering their options ahead of Friday's meeting and a statement to shareholders read: "On the afternoon of Thursday 19th November 2015, the Company received notification of a Petition by MASH Holdings Limited to, inter alia, grant interim interdict obliging the Company to withdraw Resolutions 9, 10 and 11 from consideration at the Company’s AGM.

More here... http://www.eveningtimes.co.uk/sport/14097457.Mike_Ashley_foils_Rangers_board_bid_to_remove_his_Ibrox_influence_after_Court_action_to_block_Resolution_11_from_AGM_vote/?ref=mr&lp=2