Dave King is taking his anger out on the Ibrox board as he waves good-bye to his cunning plan to extract £13m from Club 1872.
The South African based ‘businessman’ cynically used the Ibrox fan group to promote his drive for power in 2014/15 with fans joining in their thousands, pledging monthly subscriptions in a bid to #stoapselik.
King and the Three Bears bought up just over 30% of the shares in the troubled company in a move that saw the son of a Castlemilk policeman effectively struck off by the London Stock Market.
Club 1872 provided the shares, publicity and momentum for regime change in March 2015. Chris Graham was rewarded with a blazer but after 48 hours of dignity his views on religious harmony and diversity saw him stripped of his brogues. Club 1872 weren’t asked to provide a replacement to Graham.
In June 2017 Club 1872 paid out £1m to buy out half of Mike Ashley’s shares in the club, Hong Kong based investor Julian Wolhardt bought the other half and has been in the blue room ever since while the stake of Club 1872 has constantly been diluted.
Last year King struck a long term deal to sell his remaining shares to Club 1872 for £13m but with credibility nose-diving and subscription levels barely into four figures it looks like the South African based ‘businessman’ will be left holding worthless shares.
Playing the Club 1872 card, King shared his anger over his lost windfall to Chris Jack of the Glasgow Times who reported:
King and Club 1872 agreed a potential £13million share deal last year that could see supporters become the largest shareholders in Rangers and give them a significant say in the running of their club.
The South Africa-based businessman also raised hope that Club 1872 could one day have a representative around the Ibrox top table to ensure fans have a voice at boardroom level.
But that prospect now appears forlorn as links between Rangers and the supporter organisation have deteriorated almost beyond repair after questions were raised over the champions’ relationship with Sports Direct last season.
“That was always my intention, but it is not something the present leadership supports,” King said when asked if that possibility was now as far away as ever and probably never likely under the current board. “So, it won’t happen any time soon.”
The interview appeared in the Glasgow Times last night and was quickly picked up by the Daily Record and Scottish Sun this morning. With finances in a precarious state the last thing that the Ibrox hierarchy need is scrutiny and criticism for a ‘true blue’ like Mister King who has the best interests of the clubs at heart.
I see we’re King wants to sell his shares to the supporters to give them a voice in the boardroom, but the board don’t want that because the supporters will want to know we’re has all the money gone. There must be hundreds of millions put into the club and they are in the state their in, the supporters will want to know how much are the board getting paid to get them in the position they are in at the moment. I bet they are all on huge salaries they don’t want the supporters to know about. The supporters need to know we’re all the money is going
The supporters would be no use to the board. They cannot ‘invest like the crooks that are already there.
Fuk the FILTH, LIQUIDATED 2012 WHAHAHAHAHA!!
The rangers plan @uck everybody who has invested in the bankrupt club and start again the rangers num 3 I.a.r. 2022 they are the fuc#ers people.
Comedy Gold