Sevco plunged into crisis as Douglas Park walks away

Sevco were thrown into crisis tonight with the departure of Douglas Park from the blue room of unsurpassed dignity.

Park was the only member of the so-called Three Bears consortium to join the board following Dave King’s coronation in March.

The elderly Lanarkshire businessman never spoke in public about his director’s role but was pictured in the directors box at Sunday’s League Cup win over Peterhead.

With Dave King failing to back up his investment claims Park and his two fellow bears have put in two crisis loans of £1.5m to meet the April and May payrolls.

Rumours that Mr Park wasn’t seeing eye to eye with Mr King have surfaced in recent months with tonight’s shock news throwing the club into turmoil.

According to a club statement prepared by James Traynor’s Level 5 PR company ‘Mr Park feels he cannot at this time make a full contribution to the running of the Club and Company because of other commitments.’

Park’s son Graeme will replace dad on the Sevco board.

The coaching magnate stated: “I would like to put on record that although I held the position as Director for only a short period of time it has been an honour and a privilege to serve the Club and I will always be proud of the part I played in bringing this great institution back into the hands of those who have its best interests at heart.

“I am confident that going forward the Club is in good hands and will offer all my support to the Board in pursuing what is best for the Club. Rangers is hugely important to me and my family and I am delighted that Graeme is joining the Board.”

Mr Park is the second director to walk away since Mr King came to power with Chris Graham quitting three days after being appointed after his anti-Islamic comments were brought to light.

Tellingly there was no comment from Chairman King to thank Mr Park for his contribution. With King’s toxic reputation it’s unlikely that there will be a rush of respected businessmen wanting to be associated with a King led board.

Since taking control in the boardroom and being passed as fit and proper by the SFA Mr King has failed to make any investment in the troubled company.