EXCLUSIVE: Journalist shares if Bennett to withdraw ‘Significant’ Rangers investment after sudden resignation

Joshua Barrie claims that John Bennett’s immediate resignation as Rangers chairman does not mean that he will no longer be involved with the team.

Speaking on the Rangers Review YouTube channel on September 14, he said that the now-formal club chairman is not going to remove his “significant” investment and will continue to be a “supportive” investor in the team.

Earlier that day, Rangers announced on their website that Bennett is resigning due to health concerns. John Gilligan will take over as interim manager.

“A few important caveats to make,” Barrie stated after one minute and twenty seconds. First of all, it is recognised that even though John Bennett is taking this step, he still has substantial financial stakes in the team and is a supportive stakeholder. This is not a complete withdrawal from his involvement with Rangers; rather, it is a return to his hands-on, ongoing involvement.

John Gilligan will become the Rangers’ acting chairman.

With an ownership of 5.51%, the club lists Bennett as its sixth-biggest “major” investor, demonstrating his dedication and the continued significance of the funds he has contributed.

Despite the fact that his abrupt departure comes at a time when Ibrox is already very uncertain, his health must come first, and everyone connected to the club will wish him a speedy recovery.

Bennett is thought to have taken the criticism very hard, especially at a time when the Light Blues are in chaos in many areas [Scottish Sun, 11 September].

John Bennett to 'quit' as Rangers chairman as pressures of job take toll -  Football Scotland

After James Bisgrove’s shocking resignation this summer, he was obliged to assume a temporary CEO job. Since then, he has been in charge of managing the Ibrox building construction debacle and the search for a new CEO.

Furthermore, he was thrown into the chair post when Douglas Park abruptly resigned a year prior, thus it might be said that he has been called upon to step in without warning several times when things have been dire.

That supports the idea that his heart has always been in the right place when it comes to Rangers, but it does not exonerate him of all responsibility for the club’s shortcomings in recent years.

Now that Adrian Bevington has emerged as an appealing contender [David Tanner, September 11], Gilligan will have to assume leadership of the CEO search after leading candidate Jim Gillespie withdrew late after advanced discussions [Daily Mail, September 10]. The club is also searching for a new chair.

The situation at Ibrox has only gotten worse following a difficult transfer window during which money was tight, a poor start to the season with another loss to Celtic, and the necessity to fill other posts, including academy head.

In other Rangers news, a piece on the Light Blues refereeing dispute has drawn criticism for being “pathetic” from the Daily Record.

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