Alex Rae explained to Radio Scotland how Sevco were about to discover a magic money tree from an idea put forward at the club AGM.
The former Rangers (IL) midfielder picked up £569,000 in EBT payments during two seasons at Ibrox and attended the AGM to get a flavour of the debate.
A look through the club accounts would have revealed a grim picture with losses of £4m anticipated without taking in Pedro Caixinha’s pay off or the cost of a new management team.
The warm glow of a 3-0 win over Aberdeen reassured the shareholders that all was well with one fan coming up with a truly off the radar suggestion.
Five years after the old club died of neglect one enthusiastic shareholder suggested that the club recruit 50,000 fans to invest £1,000 in to the company and gain control over the major assets.
Rather than dismiss the utter madness of the idea King acknowledge the cunning plan with Rae acting like a dog with a bone as he appeared on last night’s Sport-Sound programme.
He explained: “They also threw something on the table that I hadn’t heard before that the assets, Ibrox and Murray Park, they may well look at selling them to 1872 or someone along they lines.
“And I thought that would generate substantial revenue for the club going forward and the chairman said that they would entertain that and look into it. So I thought that that may be a revenue stream also.”
Keen Ibrox watcher Richard Wilson then stepped in stating that he had never heard of the scheme.
It’s believed that the shareholder that asked the question never attended St Margaret Mary’s School in Castlemilk.
CLICK HERE to listen to Rae explain the idea after 35 minutes 30 seconds.