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Derek Llambias appointed to Rangers board as non-executive director

Former Newcastle United managing director Derek Llambias is appointed to the Rangers board.

Former Newcastle United managing director Derek Llambias has been appointed to the Rangers board as a non-executive director.

Llambias was thought to have been the favourite to be named chief executive of the Scottish outfit following the recent resignation of Graham Wallace.

However, a statement to the Stock Exchange confirms that Newcastle owner Mike Ashley, who effectively took control of Rangers by offering them an emergency £2m loan, has opted to place Llambias in a consultancy role.

Llambias, who is a close friend of the businessman, was appointed as Newcastle managing director shortly after Ashley's takeover in 2008, but stepped down in 2013.

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Derek Llambias looks on during the Barclays Premier League match between Newcastle United and Arsenal at St James' Park on May 19, 2013
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