FINANCIAL consultant Philip Nash has resigned from the Rangers board.

A statement to the London Stock Exchange read: "The company announces that Philip Nash has resigned from the board of Rangers ("board") with immediate effect.

"The board would like to thank Mr Nash for his significant contribution to the company during what has been a particularly challenging period."

The former Arsenal and Liverpool executive joined the board in July, having been a consultant at Ibrox since January.

An accountant and former banker, Nash was brought to the club by chief executive Graham Wallace.

Mike Ashley had called for an EGM to remove Wallace and Nash as directors of Rangers