Rangers Says Walter Smith Resigns as Chairman Immediately

Walter Smith, who won 21 trophies in two spells as manager of Rangers Football Club, has resigned as chairman of the Scottish soccer club with immediate effect, the Glasgow-based club said in a statement to the Stock Exchange.

Smith quit after a period of in-fighting at the club, the British Broadcasting Corporation said, without saying where it got the information. Smith, appointed as chairman in May, is expected to make a statement about his reasons for leaving, the BBC said.

Smith’s resignation came hours after Chief Executive Officer Craig Mather said calls for his own departure were ill-timed and ill-informed, the BBC said.

Charles Green, a former CEO who led the rescue of the club last year after it went into administration, has returned to the club as a paid consultant, the BBC said.

To contact the reporter on this story: Peter Woodifield in Edinburgh at pwoodifield@bloomberg.net

To contact the editor responsible for this story: Tim Farrand at tfarrand@bloomberg.net

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