less than a month later. In exchange for the initial funding, Ashley was granted critical power at the club with the privilege to put forward the names of two nominees for appointment to the board as well as security over Edmiston House and Albion Car Park. As a consequence of his power gain, both Philip Nash and Graham Wallace were forced out of the club and Derek Llambias and Barry Leach were brought in, initially as consultants, before being appointed chief executive and finance director, respectively. Also, David Somers was named executive chairman, on a temporary basis, in order to aid the transition. Financial respite was shortlived as Rangers announced its preliminary results at the end of November, indicating the club required another £8m of investment to see out the season. This effectively left Rangers at the mercy of Ashley, who could dictate the terms of and source of any future funding. Due to this power, the Scottish Football Association issued Ashley with a notice of complaint for breached a joint agreement that Ashley would not play a controlling role in Rangers and would maintain a stake of no more than 10%. Although Ashley had previously loaned the club £2 million and a further £1 million, as well as having two directors on the Rangers board and a significant interest in Rangers retail operations, he did return the naming rights to Ibrox Stadium to Rangers. On Christmas Eve, the SFA denied him permission to increase his stakehold in Rangers further. Also in December, the Scottish Professional Football League added to Rangers' financial woes by withholding £250,000 of broadcast money the club was due in a bid to recoup a fine imposed by the Nimmo Smith Commission. The legal implications of the previous company that owned the club's liquidation featured prevalently in the news in July and November. In the summer, HM Revenue and Customs lost its appeal over the previous club's owners use of employee benefit trusts but was granted leave to appeal a month later. Meanwhile, Rangers former chairman Craig Whyte was banned from being a company director for fifteen years in September and a warrant was issued for his arrest a month later. He appeared in court, facing charges under the Companies Act, but was released on bail. Four men have appeared in court charged with fraudulent activity following a probe into the sale of Rangers in 2011.