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Rangers will hold EGM in London at the start of March as King looks to oust current board

Rangers have announced that an Extraordinary General Meeting will be held in London on March 4th.

The meeting was called by former Ibrox director Dave King, who wants to implement changes to the current Rangers board.

King wants himself, Paul Murray and John Gilligan to replace James Easdale, Barry Leach, chairman David Somers and chief executive Derek Llambias. 

Llambias was formerly at Newcastle, whose owner Mike Ashley has been increasing his control of the Glasgow club, recently loaning the club £10m, and King has voiced his concerns over Ashley's involvement with the club.

A London hotel will be the venue for the EGM, with the cost of the process amounting to £200,000.

The club have reacted quickly to the announcement by condemning King's proposed changes, citing his many legal wrangles with the South African authorities, where he is based.

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