Shocking from king. Starting from he saved the club to not wanting outside investment in. The top ruling is straight down to him and his greed, he was advised what to take in regards timeshares and he openly chose not to listen.
Then you have the bit about the board setup and needing independent directors, when before he said it was better to get Rangers men on board. He knows he has fucked it and trying to cover his arse with this, rather than come clean and admit they failed