Bain modelled part-time and worked in a Glasgow city-centre bar before focusing on a career in marketing and public relations.
He was appointed chief executive by Sir David Murray on 11 February, 2005, having been at Rangers since 1996 and a board member from September 2001. He previously undertook roles as Commercial Director and Director of Football Business.
On 15 July, 2008, Bain was elected to the Scottish Premier League's board of directors for a second term.
On 6 May, 2011 Rangers FC was sold by the majority shareholder Sir David Murray to Craig Whyte. As part of an independent panel set up to represent 27,000 minority shareholders in the sales transaction, Bain refused to agree to the sale and was subsequently suspended by the new owner. Bain resigned in June 2011 and raised an action in the Court of Session in relation to a breach of his employment contract but abandoned his damages claim in March 2012.
It transpired in an SFA tribunal in May 2012 that he presented diligence at the time of the sale to Sir David Murray that proved his stance at the time of the takeover to be the correct one.
- "Martin Bain: Puppet or man who pulled the Ibrox purse strings" Daily Record 25 May 2012.
- "Rangers board promotion for Bain" BBC Sport. 11 February 2005.
- "Rangers' Bain newest SPL director" BBC Sport. 15 July 2008.
- Martin Bain drops damages action against Rangers BBC News March 29, 2012
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