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Mystery as Douglas Park ‘wins’ crucial AGM vote

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Douglas Park has apparently been re-elected as a director of RIFC but the results of the shareholders vote is being kept secret.

Dave King and Club 1872 voted against Park and two other resolutions, combined they have around 19% of the shares in the club with a 25% vote required to block any motion.

Normal practise is to announce the voting figures but late on Tuesday night the club website announced:

THE Board of Rangers International Football Club PLC is pleased to confirm that all resolutions presented at today’s Annual General Meeting were approved by shareholder vote.

This successful outcome will assist the club with its ambitious investment plans, on and off the field of play.

Full details of the shareholder vote shall follow.

King and Club 1872 also opposed a resolution allowing the board to issue new shares to anyone for a five year period, recent actions suggest that other shareholders will find their stake in the club seriously diluted.

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  • Scud Missile says:

    Looks like sevco the doppelganger klub are heading to the graveyard the as Rsngers did.

    • Clachnacuddin and the Hoops says:

      They’ll be reseruceted of course as either The The Rangers of from everyone else’s perspective we’d then have to call them ‘The’ Sevco !

  • BriBhoy says:

    So is this the club? Holding company? Engine room subsidiary (whatever the feck that is)? More faces than a town hall clock that lot.

  • Thomas M Daley says:

    Would love to see the GSL lose his shirt and his stauncher of the staunchest mates in 1872-2012 club lose all to “Reel Rainjus Men”.

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