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.