"UEFA rules restrict individuals from having influence at more than one club, which was the case with Marathe. He is the Chairman of Leeds United and before he decided to leave the Rangers board, was the Vice Chairman for the Ibrox outfit. While he did not hold the role of the Chairman, which is held by Andrew Cavenagh, it was understood to be in breach of the rules."
"UEFA also do not allow two clubs within the same ownership structure to feature in the same competition. This could have happened next season if both Rangers and Leeds United were in the Europa League. The Gers wanted to avoid what happened with Crystal Palace as UEFA demoted Crystal Palace from the Europa League to the Conference League due to John Textor's involvement."
"According to Sky Sports, this development will not change the ownership structure at Rangers. Cavenagh remains as Chairman, playing a hands-on role, and the other board members continue with their usual responsibilities. The plans that Cavenagh has for the future of the Light Blues remain unaffected despite Marathe's exit."
Paraag Marathe, Chairman of Leeds United, and Gene Schneur stepped down from their positions at Rangers to adhere to UEFA regulations prohibiting individuals from exercising influence at more than one club. Marathe held the Vice Chairman role at Rangers while being Chairman at Leeds United, creating a conflict with UEFA rules. Schneur also sat on Leeds United's board. Additionally, UEFA prohibits two clubs under the same ownership structure from competing in the same competition. Rangers sought to avoid situations like Crystal Palace's demotion from the Europa League to the Conference League due to John Textor's multi-club involvement. The resignations will not alter Rangers' ownership structure, with Andrew Cavenagh remaining Chairman and 49ers Enterprises' financial investment continuing unaffected.
Read at Rangers News
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