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Rangers appoints accountant as director

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30th Jul 2014
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Accountant Philip Nash has been appointed to the board of Rangers Football Club as a company director. 

The former Arsenal senior executive left Liverpool as its CFO last June, citing family reasons for his departure. 

He had spent five years in the role and played a big part in securing the club's £20m-a-year shirt sponsorship deal with Standard Chartered Bank. He also played a leading role in safeguarding the financial stability of the club and its growth.

At Arsenal he delivered the financial strategy surrounding the club's relocation from Highbury to the Emirates Stadium. 

Nash, a former Baker Tilly employee, started his accounting career at Kindsoms Impey in 1993. He then joined merchant banker Hamrbos in 1997.

He has acted as a consultant to Rangers since January this year, initially to help the board with undertaking its business review and on financial and operational matters. But his role has expanded such that the board has decided to bring him on as a director, the club said - but not permanent for the time being. 

The club recently won an employee benefit trusts tribunal, part of its long-running tax dispute with HMRC. 

Its financial situation remains uncertain, however, as just half of its fans (17,000) renewed their season tickets from last year. But the club has recently released a statement assuring fans that season ticket sales are still continuing, and that it will not enter into any sale, securitisation or leaseback of its Ibrox Stadium.

"This has been and still remains the board’s clear and consistent position on this subject as it continues to protect and enhance the assets of the club," it said.

The board of Rangers Football Club is committed to protecting the assets of the club for the benefit of all Rangers fans, and to adhering to the highest standards of corporate governance, it said.

"Events over the past few weeks have reminded everybody of the remarkably testing period our incredible supporters have been through in recent years and now is the time for us all to look forwards, together," it added.

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