Rangers chief executive James Bisgrove has departed the club after accepting a lucrative position in Saudi Arabia.

The 39-year-old, who was appointed as CEO last April, has stepped down to take on a new role in the Middle East.

Bisgrove began his tenure at Ibrox as the Commercial and Marketing Director and has been with the club for five years.

READ MORE: John Carver provides update on Scotland training absentees

Chairman John Bennett commented on the departure and 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.”

READ MORE: Scotland plan to give players chance to stake a claim before Euros

While a Rangers statement explains how they plan to go forward behind the scenes this summer. 

It read: "The Rangers Board has implemented an interim executive structure and, together with John Bennett, Philippe Clement, Nils Koppen and the Football Board, will prioritise the execution of the summer transfer activity. 

"John Bennett will assume the role of Executive Chairman on an interim basis to ensure continuity and support to the wider executive team as they focus on executing our plans for the summer, both on and off the pitch.

"The Executive Chairman will lead a team comprising current executives. They are Chief Finance Officer, James Taylor; Director of Football Recruitment, Nils Koppen; Football Operations Director Creag Robertson and Chief Commercial Officer, Karim Virani."

More to follow.