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#INSERT type:image caption:A forthcoming general meeting is set to bring sweeping change to Glasgow Rangers. END# Trading in Rangers shares on the Stock Exchange has been temporarily suspended. The suspension was imposed by the AIM market, a sub-division of the London Stock Exchange, following the resignation of Rangers' nominated advisor (NOMAD) WH Ireland. In a statement announced to the City, the club said: "The company has been informed that its nominated adviser does not believe that it can satisfy the London Stock Exchange in relation to its NOMAD obligations in respect of the appropriateness of the company's securities to be admitted to AIM, and therefore the NOMAD has resigned as nominated adviser to Rangers with immediate effect. "Accordingly, rule one of the AIM rules for companies will apply, and trading in the company's AIM securities will be suspended with immediate effect." It comes two days before a general meeting that will clear out the current board of directors and put Dave King in charge is due to take place. Earlier, interim manager Kenny McDowall warned King, a former director of the old Rangers before the club was re-formed, that it could take him five years to solve the problems at the club. Rangers have lost almost 25 million pounds over the last two years, and the Press Association quoted McDowall as saying: "The whole infrastructure's got to be looked at. It's been decimated over the past four years. "This is a long term project -- it's not going to be fixed overnight. It's got to be done properly from the ground up to give us a proper chance. "The fans understand that it can't be fixed overnight. It will be at least five years before it's anywhere near what it was. "The whole football side has to be looked at -- the scouting department, the youth academy. The staff is nothing like it used to be. These things have to be addressed."
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