Charles Green is poised to deliver the blow that could tip Sevco into administration.
After a day of claim and denial Dave King finally admitted that Mr Green has demanded that the club pay his legal fees for the upcoming court case into the charges that fraud was involved in the creation of the club.
The Yorkshire based businessman has been charged alongside Imran Ahmad, Paul Clark, Dave Whitehouse and Craig Whyte in relation to the asset sale from Rangers (IL) through to Sevco Scotland via Sevco 5088.
Founding father Green served as chief executive of the club given a licence by the SFA until May 2013 and had six years of legal cover as part of his remuneration package.
In a club statement Mr King, who was recently described as a glib and shameless liar by a South African judge, admitted: “Charles Green approached the Club prior to his arrest and demanded that we pay his legal costs in respect of his co-operation with Police Scotland in its criminal investigation into his time as an officer of the Club.
“I advised him that we would not do so. He was subsequently arrested and has now approached the Court to compel the Club to pay the legal costs of his defence to the criminal charges. This application will be strongly resisted.”
With no traditional method of borrowing available an attempt by Mr Green to ring fence £500,000 for legal fees could have disastrous consequences for the Championship leaders.
Season ticket money is expected to run out during the next seven weeks with further borrowing from Mike Ashley highly unlikely.
More than six months after sweeping to power on a ticket of transparancy and accountability Mr King has yet to invest any money in the Ibrox club who have still to publish their audited accounts for the year to June 2015.
Defending the club against Mr Green’s claim won’t come cheaply, if the businessman from Yorkshire is successful in his claim for legal support it’s possible that the club may have to go into administration to continue trading.
Is that know just a shame!!! More jelly and ice cream,oh no………….
Havin a party wen Sevco die n loads more jelly wen the Huns all cry
Bowl anyone?
we’re gonna need a bigger bowl
How sad
Ffs I’ve just losted the 3 stone in weight from all that jelly & ice-cream when their other club died.
Frankly, I don’t care what happens to them. Wespend more time laughing at their misfortune than worrying about our own ridiculous situation with the worst manager in our history.
I’m not Ronnies biggest fan – but the worst manager in our history? You must be less than 10 years old.
Liam Brady
Lou Macari
John Barnes
Tony Mowbray
I rest my case.
Total bollocks!
Tony Mowbray anyone?
Mowbray was the Du Wei of managers …
Joe you should have put “one of” the worst manager’s in our history.
I have said since the first day his name was announced, “who the f*ck is he”,and my opinion has not changed to this day.
It used to be no club wanted to face us in any competition,especially at paradise,but since the appointment of Deila,the european clubs including the minnows are quite happy to get us in any competition.
Away for a lie doon in a dark room ya drama queen. WORST MANAGER IN OUR HISTORY. Not even close to worst in recent history.
Are the Huns turning on each other and ready to implode again ……Yummy . Should have paid their Tax .
HahahahahahahahahahahahaHahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha
Oh ma sides !
HH
Im gonna put on weight again all this jelly and ice cream
Lord Charles and Sir Craigs ice cream parlour.