Desperate Dave King has launched legal action against founding fathers Charles Green, Imran Ahmad and Brian Stockbridge.
On the day that the four year old club were outbid by Rotherham United for Dom Ball the men in the blue room are anxious to deflect attention away from Mark Warburton’s meagre warchest.
Last week Mr King was humbled when Sports Direct and Puma started selling club kit without permission with the threat of legal action disappearing quicker than a £30m transfer fund.
Using their new friends at Press Association to spread the message they claim: “Rangers are seeking to recover millions of pounds and also want to have a partnership marketing agreement struck with Sports Direct by the former board declared void.
“Newcastle United owner Ashley owns an 8.92 per cent stake in the Scottish club while his Sports Direct firm also holds a 49 per cent shareholding in Rangers Retail, the company set up with the club to sell Rangers kits and merchandise.
“Ahmad and Stockbridge were appointed to Green’s board when the Yorkshire businessman took charge of the Ibrox club by purchasing Rangers’ assets and business after they went into administration and liquidation in summer 2012.
“Green stepped down as chief executive in 2013 while Ahmad served between June 2012 and April of the following year. Finance director Stockbridge resigned from his post in January 2014.”
Without founding fathers Green, Ahmad and Stockbridge plus others such as Ally McCoist and Mike Ashley there would be no tribute act.
Seventeen months after coming to power on a crusade of transparency and accountability Mr King has refused to invest a penny, failed to find a Nominated Adviser or create a share issue.