Llambias has joined Rangers as a consultant after Mike Ashley sanctioned an emergency loan for the Old Firm club.
Former Newcastle United managing director Derek Llambias has joined Rangers as a consultant according to Sky Sports News, after a period which has seen Newcastle owner Mike Ashley take control of the Old Firm Club, by sanctioning an emergency loan to them.
Llambias was widely tipped to take up the role of chief executive at Ibrox after Graham Wallace resigned yesterday.
Earlier on today, Llambias spoke to reporters at Glasgow airport as speculation continued over his eventual role with Ashley rumoured to want two new members on the board.
He said: "I've been invited up here to have discussions with the board and I'm one of many applicants, but I'm sorry, I can't give you any more than that.
"I'm here until (the board) need to see me."
Yesterday, manager Ally McCoist seemed to welcome the investment of Ashley to the club, suggesting it was a positive step that could take the club forward.
He said: “It’s good news, of course it is. I’ve said all along the football club needs investment and we’ve got that.
“Mike is a very astute businessman and he’s decided to support the club and invest in it. I’ve said all along we need investment. All going well, I’d think that would be very positive.
“Change is always a concern but I’ve been reassured this change is moving the club forward and that’s absolutely fantastic.”