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Douglas Park and the Hamilton Accies connection

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Ibrox money man Douglas Park is also a substantial shareholder in Hamilton Accies.

According to Hamilton’s most recent statement, in June 2016 96% of the club is owned by a company called Edencrest with Park the single most significant shareholder after that.

In December 2014 Park, along-with George Taylor and George Letham bought a 16% stake in the Ibrox club from Laxey Partners who had rejected an offer from Dave King.

The breakdown of that deal was that Park owned 6.14% of the club. When he stepped down as a director in June 2015 his son Graeme was fitted out with an extra large blazer as he took his daddies seat on the board.

Along-with Taylor and Letham, Park has provided much of the soft loans that have kept Sevco afloat with Metro Bank refusing to provide overdraft facilities.

SFA and SPFL rules prohibit anyone from having a stake in more than one member club with that rule also applying to family members.

Former SFA President Campbell Ogilvie retained a shareholding in Rangers (IL) despite becoming a director of Hearts two months after leaving Ibrox, a breakfast table sale to his wife made no difference to his rule breaking although no action was ever taken.

In a list of Hamilton shareholders published in June 2016 Douglas Park is listed as Shareholding 14 with 5000 Ordinary shares in the club. Accies director Leslie Gray is listed as having 100 shares- a fiftieth of Park’s stake.

Former Accies secretary Scott Struthers has 300 shares in the club, the President of the Hamilton Academical Supporters Society has 3,000 shares.

In July of this year Gray was voted onto the board of the SPFL alongside Stewart Robertson of Sevco by the top flight clubs.

Yesterday Hamilton confirmed that they have been the victims of an online fraud believed to be in the region of £750,000.

Park made his fortune from Parks of Hamilton and the Park’s Motor Group and was a director of Hearts when Wallace Mercer was in charge of the Edinburgh club.

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