It didn’t take Dave King long to re-enforce the words of a South African judge.
Last night, co-coincidently just a couple of hours after being deemed a fit and proper director by the SFA, Mr King arrived at Glasgow Airport where he was met by STV
Over the last few years the man described as a glib and shameless liar by a South African judge has promised various levels of investment in the Ibrox club.
With losses of £1m a month, no retail income and loans of £6.5m to deal with, Mr King’s investment/donation is urgently required.
Speaking to STV he said: “One of the things I said at the previous meeting when I was here six to eight weeks ago (March 5-11) was that investment, my ongoing investment, depended on me getting through fit and proper.
“Now it’s been cleared, I am now in a position to proceed. So I’d expect that to happen quite quickly (invest money)”
Asked to confirm that his investment was dependent on SFA approval he added: “I said that when I was here last time that while I expected the fit and proper to happen and go through OK, if it didn’t happen then we would have to take a different approach.
“I wouldn’t have walked away but the situation would have changed. I would have had to look at how we would do it.
“Certainly I was very clear in the interviews I gave previously, my ongoing investment requires my ongoing involvement.
“I didn’t doubt that it would happen but it was made clear to all concerned that it was a consideration.”
Those comments are completely different to those given on March 6 when Derek Llambias and Barry Leach were voted off the board and replaced by Paul Murray and John Gilligan.
Sitting in the media room at Ibrox he said: “If I’m not found fit and proper I will not sit on the board. I’ll still invest, I’ll still support it.
“I’ve got, I must have 40 companies back in South Africa I control and I don’t sit on the board.
“To me being on the board is not critical. I don’t think it will be an issue but if it turned out to be an issue, it wouldn’t make any difference to Rangers going forward.
“I would just operate and give input as a shareholder, as opposed to a non-executive chairman.”
With no nominated adviser and no market to trade shares in Sevco will be unable to turn to institutions for investment.
Since Mr King’s EGM victory no one has come forward offering to back his investment plans.
