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Jul, 31, 2012

Rangers newco change name

The Rangers newco owners Sevco Scotland Limited have changed their name to The Rangers Football Club Limited after shareholders voted in favour of the idea.

The change was approved at a meeting of oldco shareholders at Ibrox. The newco began its footballing life at the weekend with a 2-1 extra-time Ramsdens Cup win against Brechin.

Charles Green's Sevco bought the business and assets of Rangers in June after the club was consigned to liquidation earlier in the summer.

The newco, which gained provisional membership of the Scottish FA late last week, kicks off the league season in the Scottish Third Division after votes by Scottish Premier League and Scottish Football League clubs.

Green told the official Rangers website: "The process that took place today is the penultimate piece of the jigsaw that will see The Rangers Football Club move forward, with the transfer of SFA membership [complete once the oldco's SPL share is transferred to Dundee] being the final piece.

"As every fan knows, Rangers is Rangers - it always has been and it always will be. The club still has its 140 years of history, and we are now embarking on the next 140 years. We are back playing football, and the board is focused on rebuilding this great club over the next few years."

On Monday, Green said the Rangers newco were denied a place in the Scottish Premier League because of "bigotry" and "jealousy".

Green said many decisions in the summer-long Rangers saga had been made "for the wrong reasons" and told BBC Scotland: "Some of it has been driven by bigotry, some of it has been driven by jealousy and some of it has been driven by all the wrong motives."

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