Rangers shares cancelled on Aim and Dave King gets closer to chair role

 
Caitlin Morrison
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The club held its extraordinary general meeting at home ground Ibrox in March this year
Scottish football club Rangers has ceased trading on Aim.

The club’s admission to trading on the junior market was cancelled yesterday, after it announced last week that it was suspending its shares ahead of a move to the ICAP Securities & Derivatives Exchange, also home to Arsenal Football Club.

Meanwhile, South Africa-based businessman Dave King has been cleared by the Scottish courts to move ahead with his attempt to take over as chair of the club.

He has yet to receive the approval of the Scottish Football Association. King was on the club’s board when it went into liquidation in 2012, and also has previous tax-related convictions in Johannesburg.

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