DEATH Of Former Morton Chairman And Businessman Douglas RaeFORMER Morton chairman and Greenock businessman Douglas Rae had died.
Mr Rae (87) was chairman of the Golden Casket Group and stepped in to save Morton from liquidation in 2001.
He retired as chairman at the end of the season because of ill health.
His death was announced by the club on its website stating: “It is with profound sadness that we at Greenock Morton Football Club announce the passing of honorary club president and former chairman Douglas Rae OBE.
“Mr Rae attended his first Morton match aged eight alongside great friend Arthur Montford and held a season ticket each and every season thereafter until joining the board in 1988.”
“There will be no further comment and we would ask that everyone please respect the privacy of the Rae family at this difficult time.”
Mr Rae’s business career started in 1959 when, as a young man and qualified banker, with £100 in his pocket, he formed a company to market confectionery. Nearly 60 years on, the Golden Casket Group is now a multi-million pound business.
Mr Rae was the recipient of an Order of the British Empire (OBE) in the Queen’s birthday honours in 2016 for services to business and the community.
