An investor who formed one of the famous Three Bears who helped overhaul the Rangers boardroom alongside Dave King has been appointed to the Ibrox club’s board.
Documents lodged with Companies House this week show that George Letham – an investor and Rangers fan – was named as a director on January 15th.
Letham will now take a seat on the footballing board of Rangers and be directly involved in any major decision making which impacts the day-to-day running of the club.
Letham is, alongside chairman Douglas Park, investors George Taylor, Paul Murray and John Gilligan and outgoing chair Dave King, widely regarded as one of the men who salvaged Rangers in 2015.
The club had undergone a period of boardroom struggles and turmoil between 2012 and 2015 before the Dave King led consortium seized control.
Letham , 63, remains a key stakeholder with the RIFC PLC, owning a 4.33% stake in the club and brings a broad array of expertise and business knowledge to the running of the club [Glasgow Times].
Letham will take a seat on the Ibrox board alongside managing director Stewart Robertson, sporting director Ross Wilson, marketing director James Bisgrove, Andrew Dickson and James Blair.
The appointment comes during a time of interesting change at Ibrox with outgoing chairman Dave King working closely with Rangers fans group Club 1872 to sell his shares to Gers fans.
The South Africa-based businessman wants to sell his shareholding back to supporters to ensure that “never again” can the events of 2012 be repeated at Ibrox.