Keith Jackson is urging the Ibrox board to explain why they are refusing to discuss an investment plan from American business lady Kyle Fox.
Miss Fox had a number of dinner dates in London with Paul Murray in June to discuss investment options, almost certainly there will be a blazer in it for the Borders Banker if Miss Kyle sweeps into the Blue Room of Dignity.
Back in November 2010 Jackson introduced Craig Whyte to the Daily Record’s Army of Readers.
Expressing his disgust at the failure to invest in the team, today Jackson tells Record readers:
It’s pretty remarkable the embattled Ibrox hierarchy have taken such a hostile position where a potential new American investor is concerned. Kyle Fox has made a written pledge to pump £75million of cash into the vaults over a five-year period if she is successful in acquiring a 25 per cent stake in the club.
But rather than embrace this potential gift horse, Rangers have strangely chosen to sue her in a Miami court. This approach appears to be an inexplicable stance even if there is a natural sense of caution around would be investors given some of the chancers who have sauntered up and down the marble staircase over the past decade or so.
If there is a danger Miss Fox is promising more than she can deliver then, of course, it would be incumbent upon the likes of chairman Douglas Park to conduct thorough due diligence just to make sure she’s as good as her word. But clubbing her with a lawsuit over the unpermitted use of a Rangers logo on a document, does seem like a highly curious overreaction to what seems a very generous offer indeed.
According to sworn affidavits lodged in the US legal system, Miss Fox – who describes herself as a female finance professional – has been scouring Europe in search of the ideal football club in which to pump her millions as a strategic investor. Miss Fox claims to have had a ‘positive and constructive’ two-hour meeting with deputy chairman John Bennett in London in July during which she confirmed her intention to ‘achieve some level of ownership’ in the club.
Having originally hoped to buy a 75 per cent holding at 25p per share, Fox decided to up her offer to 40p for a 25 per cent stake, which would make the 49-year-old the club’s major shareholder. She also pledged, as part of the package, to hand over £75m as an additional capital commitment.
Strangely, or perhaps not, Jackson makes no mention to the club being put on the UEFA watch-list for Financial Fair Play, no longer will a friendly handshake from inside Hampden allow the Tribute Act access to European competition.
Getting to the real issue, another hammering from Celtic, Jackson adds:
Even a back of a fag packet accountant can work out that somewhere in the region of £100m in unexpected income has swollen the club’s account over these past 12 months. So it’s little wonder then that Rangers supporters are looking across the city in considerable dismay, flummoxed at how Celtic have managed to outmanoeuvre them so rapidly.
That they were fortunate to get out of Parkhead with only a four-goal beating at the weekend, only heightens the feeling these two teams are now moving in completely different directions. While Van Bronckhorst is attempting to cobble something together from odds and ends, Ange Postecoglou has all manner of options tucked up the sleeves of his favourite jumper.
Paul Murray walked away from the Blue Room in April 2018 when directors were asked how much money they could invest in the club. Murray remains a real Rangers man with the good of the club at heart.
If results don’t pick up in the next three matches against Ajax, Aberdeen and Napoli Dave King is expected to reappear in the Record.
Total Devotion down the years, unquestioning.https://t.co/KIPoVKmyf1
— Joe McHugh (@videocelts) September 5, 2022
Apparently she’s a hundredaire with wealth up the yin yang.
Oo err missus!
Jackass Jackson the frontman for King to ease his way back into ibrox.
So how come the booze jockey journalist has never highlighted this before,champions league money floating about then King shows up again like a bad penny,Murray sniffing about and klub 1872,I can smell a fish.
KEEERRRRCCCCHHHHIIIINNNGGGG.££££££££££S
Remember that daft cartoon from yesteryear Where’s Wally they have just renamed it as to,Where’s Shug.
We would have better chance of seeing the Invisible Man or Lord Lucan than auld Spew Heevins not one sight of him since that result on Saturday,haven’t even seen an article in a newspaper or on social media.
Maybe auld shug is on that famous sponsored silence after his favourite team got a severe skelping,not even a mention SSB as well,obviously not handling the hammering to well.
Looks like Keith has been reading the John James site from last Friday for his info.
As usual these fools, and let’s cut to the chase that is what they are, only ever look at what’s going into the club/company.
HMRC require to be paid the NI holiday money from COVID, the directors who came up with £25M in loans during the championship winning season want repaid, Dave King wanted his loan repaid, then there is the Mike Ashley elephant in the room: how much have they had to pay him.
On top of all that they’ve been losing £8M-£11M every year they’ve been in business.
Why do I always get the impression , multi, multi millionaire the Rangers chairman Douglas Park ,looks like his sordid secrets are about to be exposed to the rest of the world !A man of his considerable wealth should be grinning like a Cheshire cat ,permanently ! Not looking as if plod is on the lookout !
Maybe they are frightened this lady might look under the bonnet
Why would you want to pump your milions into the body of a corpse? Unless, maybe it’s “Blood Money”!