When offers of funding from Dave King, a £16m package, and Brian Kennedy were rejected by Rangers’ hierarchy, who instead opted Mike Ashley's £2m loan offer, it was clear who was victorious. Particularly as Ashley's initial offer was insufficient and he had to be provide another £1m of funding 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 the Albion car park. As a consequence of his power grab 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 but on a temporary basis in order to aid the transition. Financial respite was short lived 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%. As Ashley had previously loaned the club £2m and a further £1m as well as having two directors on the Rangers board and a significant interest in Rangers retail operations, although, he did return the naming rights to Ibrox Stadium to Rangers. On Christmas Eve, the SFA denied him permission to increase his stake-hold 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.