Strategy & Operations » Governance » Rangers FD quits club

Rangers FD quits club

Brian Stockbridge leaves Rangers, with former Liverpool CFO Philip Nash holding the reins

THE FINANCE DIRECTOR of Rangers Football Club has quit the club.

Brian Stockbridge, a chartered accountant who has spent a torrid 18 months in the role, has left following the appointment of chief executive Graham Wallace – himself a former FD of Manchester City.

Stockbridge joined Rangers in June 2012 following the acquisition of the club’s assets by Charles Green, following its insolvency.

In a short statement to the stock exchange, Rangers said that Stockbridge had received no ex-gratia benefit or bonus in connection with his departure. The club’s directors thanked him for his contribution during a “difficult period”.

During his time in the role he received criticism for taking a £200,000 bonus following the club’s promotion from the third division. The club also made a £14.4m operating loss for the 13 months to June 2013.

Philip Nash, a former CFO at Liverpool, who spent seven years in finance roles with Arsenal, joined Rangers in January as a consultant. He takes on the FD role on a temporary basis.

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