James Bisgrove Rangers compensation fee revealed as Ibrox club in 'no rush' to replace CEO

Departing Rangers CEO James Bisgrove
-Credit: (Image: SNS Group)

Rangers will seek a six-figure compensation fee following James Bisgrove's megabucks move to the Middle East.

The Ibrox club announced yesterday that their chief executive would be departing just 13 months after succeeding managing director Stewart Robertson. Bisgrove has accepted a lucrative offer to join newly-promoted Saudi Pro League side Al Qadsiah - who are owned by oil giants Aramco.

Gers confirmed that an "interim structure" has been put in place, with John Bennett assuming the role of executive chairman to ensure continuity ahead of a busy summer transfer window. And the Rangers Review reports that the Glasgow giants will demand a six-figure fee for their outgoing supremo. It's also said that the Ibrox hierarchy are in no rush to appoint a replacement for Bisgrove.

In a statement yesterday, Bennett said: "I would like to thank James for the work he has done at the club over the last five years as Commercial and Marketing Director, and latterly, as our CEO.

"Our commercial revenues grew significantly under James’ leadership, while in the last year, he was an integral part of the off-field restructuring the club has implemented. The executive team James helped shape has firmly established itself and I fully expect its momentum to be uninterrupted. We wish James every success with his new role."