rankbadyin 11 Posted September 2, 2013 Share Posted September 2, 2013 King wants direct hit if he invests DAVE KING insists he won't line the pockets of current Rangers shareholders if he decides to invest in the Ibrox club again.Dave King has settled tax battle in South AfricaThe Scottish-born businessman last week reached an agreement with the South African Revenue Services over a lengthy tax feud in his adopted homeland.King, who ploughed £20million into Rangers during Sir David Murray's reign at Ibrox, has paid £45million to SARS to settle his tax issues and could make a move to invest more in the Light Blues.Greenock businessman Sandy Easdale, whose brother James is a Gers director, confirmed last week he had finalised a deal to purchase former chief executive Charles Green's majority shareholding in the club while a battle for control at Ibrox is ongoing, spearheaded by former Blue Knights leader Paul Murray and Scottish businessman Jim McColl.King has revealed in recent weeks that he has been offered shares in Rangers but described the asking price as "absurd" and he is determined not to hand over money to current shareholders as he looks to once again help his boyhood heroes.King said: "It is something that is on my mind. I have had discussions, at an early stage, over the last couple of months where it looks like the club will need some more funds."At this point in time, I would be interested in putting additional funds into the club by way of, say, a rights issue, but what I am not keen to do is to do an acquisition of existing shares where the money goes to the shareholder, not into the club."King has long been seen as a potential saviour of Rangers by supporters, many of whom are backing calls for sweeping changes to be made in the Ibrox boardroom.Murray and McColl put forward a requisition for an EGM to be held in a bid to oust chief executive Craig Mather, finance director Brian Stockbridge and director Bryan Smart from the board.King could now be ready to invest more money into the club after bringing an end to his tax battle.He said: "When this whole thing started in 2002, I adopted a bit of, let's say, a siege mentality."I thought it was an onslaught, there were criminal charges, there were fraud allegations, there were exchange control issues. I really took this total onslaught approach."I was genuinely, very pleasantly surprised that when I did engage with SARS, this didn't happen over a couple of weeks, this has been going on probably for a year of serious negotiations."Make no mistake, SARS were very firm in the negotiations, they were very tough in the negotiations but I did find they were fair, they were open and, if I look back, it is something that I regret that I didn't do sooner." Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted September 2, 2013 Share Posted September 2, 2013 very similar to McColl...........or at least an off the record McColl....coincidence? Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted September 2, 2013 Share Posted September 2, 2013 Are the current shareholders meant to just vanish then? Quote Link to post Share on other sites More sharing options...
General Smiley 494 Posted September 2, 2013 Share Posted September 2, 2013 Are the current shareholders meant to just vanish then?Well quite Quote Link to post Share on other sites More sharing options...
Essandoh 21,280 Posted September 2, 2013 Share Posted September 2, 2013 He's a weapon. Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted September 2, 2013 Share Posted September 2, 2013 Are the current shareholders meant to just vanish then?Strange interview...........one has to wonder of he was holding the shares , what he would be wanting for them. Quote Link to post Share on other sites More sharing options...
rankbadyin 11 Posted September 2, 2013 Author Share Posted September 2, 2013 It appears that King doesn't understand the mechanics of a rights issue and who would do the issuing. Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted September 2, 2013 Share Posted September 2, 2013 He wants to buy, but doesn't like the price they are going at. That gives him a choice of doing two things surely: 1, he ups his offer price; 2, he walks away? I take some encouragement that Rangers shares are so hard to buy on a mass scale. Supply and demand, and the equilibrium of price is a fundamental element in Economics; I really don't see a problem. Quote Link to post Share on other sites More sharing options...
somerset bear 34 86 Posted September 2, 2013 Share Posted September 2, 2013 Dave king is one person I do trust. I really believe he wants the best for the club. He is one of the few who has put his hand in his pocket in the past. I know why fans say just put up or shut up but he said at the start of mess that rangers need an investor to bank roll the club at the start and then look for a business plan later. When the accounts come out I think he will be proved right. He wants the club but he recents the fact that he has to make other people (who have no interest in Rangers) rich to achieve this. We can force these people out and give it to the likes of king and we will be better off. That's my opinion and I realise that others doubt his motives but if u ask me who u want in charge of our club it is king all the way. Quote Link to post Share on other sites More sharing options...
theySTILLKNOW 80 Posted September 2, 2013 Share Posted September 2, 2013 This guy has put more into our club than any Chairman and any Director combined in our history,he deserves a chance. Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted September 2, 2013 Share Posted September 2, 2013 This guy has put more into our club than any Chairman and any Director combined in our history,he deserves a chance.He had the chance to buy the assets from the old Ltd Co , but was posted missing. Quote Link to post Share on other sites More sharing options...
brazz1972 397 Posted September 2, 2013 Share Posted September 2, 2013 Dave king is one person I do trust. I really believe he wants the best for the club. He is one of the few who has put his hand in his pocket in the past. I know why fans say just put up or shut up but he said at the start of mess that rangers need an investor to bank roll the club at the start and then look for a business plan later. When the accounts come out I think he will be proved right. He wants the club but he recents the fact that he has to make other people (who have no interest in Rangers) rich to achieve this. We can force these people out and give it to the likes of king and we will be better off. That's my opinion and I realise that others doubt his motives but if u ask me who u want in charge of our club it is king all the way.Agree with this. Quote Link to post Share on other sites More sharing options...
legalbeagle 3,734 Posted September 2, 2013 Share Posted September 2, 2013 This guy has put more into our club than any Chairman and any Director combined in our history,he deserves a chance.He has the chance, he should buy shares rather than coming out with this childish nonsense. Quote Link to post Share on other sites More sharing options...
elephants stoned 2,994 Posted September 2, 2013 Share Posted September 2, 2013 I don't know how DK intends to get control of Rangers if he won't buy shares adding new shares dilutes the original shareholders share value but King will still need to buy them from others to get a majority shareholding won't he? Quote Link to post Share on other sites More sharing options...
theySTILLKNOW 80 Posted September 2, 2013 Share Posted September 2, 2013 I genuinely dont know what's childish about it. Quote Link to post Share on other sites More sharing options...
rankbadyin 11 Posted September 2, 2013 Author Share Posted September 2, 2013 This guy has put more into our club than any Chairman and any Director combined in our history,he deserves a chance.He has not. Quote Link to post Share on other sites More sharing options...
theySTILLKNOW 80 Posted September 2, 2013 Share Posted September 2, 2013 He has not.Who else has? Quote Link to post Share on other sites More sharing options...
legalbeagle 3,734 Posted September 2, 2013 Share Posted September 2, 2013 I genuinely dont know what's childish about it.I want to buy your house off you, but I'm not going to line your pockets, I want to spend the money on a new conservatory. Oh and I'll talk to the media about it, rather than you. Quote Link to post Share on other sites More sharing options...
theySTILLKNOW 80 Posted September 2, 2013 Share Posted September 2, 2013 I want to buy your house off you, but I'm not going to line your pockets, I want to spend the money on a new conservatory. Oh and I'll talk to the media about it, rather than you.That's totally different.I actually think you know that. Quote Link to post Share on other sites More sharing options...
rankbadyin 11 Posted September 2, 2013 Author Share Posted September 2, 2013 Who else has?The clubs history is your friend, it was covered extensively yesterday and the myth of King was laid to rest. Quote Link to post Share on other sites More sharing options...
theySTILLKNOW 80 Posted September 2, 2013 Share Posted September 2, 2013 The clubs history is your friend, it was covered extensively yesterday and the myth of King was laid to rest.I never seen it. Quote Link to post Share on other sites More sharing options...
Carsons Army 4,146 Posted September 2, 2013 Share Posted September 2, 2013 Why are people with massive fortunes such miserable cunts Quote Link to post Share on other sites More sharing options...
legalbeagle 3,734 Posted September 2, 2013 Share Posted September 2, 2013 That's totally different.I actually think you know that.I actually don't and it really isn't. People own parts of the club, if he wants to own those parts, he should buy them.What he wants is to invest in a share issue, and let everyone else dilute their share value to pay for it. Quote Link to post Share on other sites More sharing options...
theySTILLKNOW 80 Posted September 2, 2013 Share Posted September 2, 2013 I actually don't and it really isn't. People own parts of the club, if he wants to own those parts, he should buy them.What he wants is to invest in a share issue, and let everyone else dilute their share value to pay for it.As a Lawyer surely that makes more sense to you,from a starting position? Quote Link to post Share on other sites More sharing options...
legalbeagle 3,734 Posted September 2, 2013 Share Posted September 2, 2013 As a Lawyer surely that makes more sense to you,from a starting position?No, it is ridiculous and to be honest I am sick of years of this sort of bullshit from people.If King wants the club he should buy the club. This is NOT a media or propaganda war, it is a business transaction, and I will repeat, it is childish. Someone has something he wants but he just wants to get it without buying it from them, pathetic. Quote Link to post Share on other sites More sharing options...
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