Rangers begin legal action against Charles Green and Mike Ashley
By PA Sport
Last Updated: 12/08/16 7:07pm
Rangers have begun legal action against former chief executive Charles Green and Sports Direct owner Mike Ashley.
The Glasgow club are also suing former directors Imran Ahmad, Brian Stockbridge and Derek Llambias as well as Ashley's SportsDirect.com Retail Ltd business.
The action emerged after the case called for a short procedural hearing at the Court of Session in Edinburgh.
The action centres on the club's claims that Green and the other ex-board members did not fulfil their "fiduciary duties" during their stint in charge at the club.
Rangers are seeking to recover millions of pounds and also want to have a partnership marketing agreement struck with Sports Direct by the former board declared void.
Newcastle United owner Ashley owns an 8.92 per cent stake in the Scottish club while his Sports Direct firm also holds a 49 per cent shareholding in Rangers Retail, the company set up with the club to sell Rangers kits and merchandise.
Ahmad and Stockbridge were appointed to Green's board when the Yorkshire businessman took charge of the Ibrox club by purchasing Rangers' assets and business after they went into administration and liquidation in summer 2012.
Green stepped down as chief executive in 2013 while Ahmad served between June 2012 and April of the following year.
Finance director Stockbridge resigned from his post in January 2014.
Llambias, a close ally of Ashley, was appointed to the Rangers board in November of that year but was removed from his position five months later when Dave King's new regime took over the club.
The named parties in the suit all deny any wrongdoing.