The gloves are off in the most bitter Ibrox fan feud with a claim that former Non Executive Director Chris Graham picked up an incredible consultancy fee of £300,000.
After helping Dave King to power in 2015, Club 1872 has found itself in the spotlight with interest dropping in Fan Ownership but subscribers providing a steady if declining flow of cash.
Last year Dave King announced his plan to sell his shares to Club 1872 which would see money directed to South Africa rather than into the club. Since King’s announcement various share allocations have diluted his holding.
Currently the club is trying to raise £6.75m in a share issue managed by Tifosy but it is believed that only around half that sum has been raised.
King is due repayment of a £5m loan before the end of August with different factions around the club battling for the blue pound to keep the show on the road.
At noon today on Follow Follow Robert Marshall explained:
First of all, let me make this quite clear, this not a threat to any individual or group of people, directly or implied.
This is all about getting a Board of Directors removed in a legal sense and a new Board appointed for Club 1872 to let the CIC expand and grow.
This is not something I wanted to make public but I feel my integrity has been called into question.
I have learned things over the last few weeks that have both appalled and saddened me in equal measures.
As a Rangers fan all my life, along with everyone else I have always wanted the best for our Club and our supporters.
But things I have heard have destroyed by rose-tinted view of some of my fellow fans and I cannot and will not sit silently by while these people put personal interest above the needs of Members of Club1872 and indeed the lack of support shown to our overall fanbase in the face of mounting criticism from outside sources in the kast few months.
I have been interviewed by Police Scotland on a scurrilous complaint of a criminal accusation by posts on FF.
I find this distressing to my family and I will not accept this. Needless to say, there were no criminal charges brought against me. I’m sure they will have another go at me. I will not be deterred from doing the right thing.
Amongst some facts that have come to light are the following.
Chris Graham was paid circa £300K by the Club when Dave King was Chairman as a consultant. His job was to basically control Club1872 and make it grow, which retrospectively, looks like it was to get enough money to buy Dave’s shares.
Chris was acting like a shadow Director of Club1872, sat in on meetings and there were no declarations to the Members.
It is also believed he may have got a company car, although I haven’t got that verified.
A number of other allegations can be read on Follow Follow.
On Friday Club 1872 issued a statement, almost at the same time King was interviewed in The Sun backing the fan group to the hilt and insisting that they can ensure proper governance of the club/company.
In 2017 King turned to Club 1872 who paid 27p per share to Sports Direct to effectively cut Mike Ashley’s shareholding in the club/company.
A little bear on bear action. #Rangers #Club1872 pic.twitter.com/CYL4sWJCsP
— GrandOLTeam (@JBLuvsCeltic) July 11, 2021
