North Rd 2,860 Posted October 10, 2013 Share Posted October 10, 2013 King agrees to Rangers return but club must open their booksRichard WilsonSports writer Thursday 10 October 2013Dave King has agreed in principle to return to Rangers as chairman.Craig Mather met Dave King in South AfricaCustom byline text:Richard WilsonThe former Ibrox director is prepared to resume a role at the club in return for certain provisions being met, principally full access to the club's financial details.Craig Mather, the Rangers chief executive, and the finance director Brian Stockbridge met King in South Africa on Monday to discuss the possibility of him returning to Rangers. The Glasgow-born businessman will only invest when the time is right and knows that the money will be going straight into Rangers for the club's benefit, most likely as part of a fresh share issue.His return needs board approval, though, and that will require the assent of James Easdale, a non-executive director of Rangers International Football Club, and his brother, Sandy, who sits on the football club board, who own or have proxy over almost 25% of the club's shares, as well as the other directors, Ian Hart and Bryan Smart.Ally McCoist would welcome the return of King since he has a lifelong affinity for Rangers and a record of investing in the club. King put £20m into Rangers when Sir David Murray was owner and after resolving issues with the South African Revenue Service, is free to invest at home and abroad without restriction."I believe the board deserve credit for making such an effort to attract someone like Dave King back," the Rangers manager said. "This is a clear message they are trying to do their best for Rangers. Someone like Dave King has already invested vast sums of his own money and that tells me he's the kind of investor we need again. The recent accounts have been well documented and the fact is we need reinvestment at some stage."If we are going to get that, it would be good to get it from someone who has definitely the best interests of the club at heart. Dave King has and clearly the board also believe that to be the case. The fact a member of the board has flown to South Africa for talks would indicate they also feel it would be hugely beneficial to have Dave back on board. It can only be a good thing for Rangers. The board have a difficult and important job to do and it is encouraging to think we are talking to someone who could help move the club forward."The board is under pressure, with fans' protests gathering momentum, and a group of shareholders seeking to replace all directors at the annual meeting on October 24. On Monday, a Court of Session hearing will judge whether the board's attempts to block the nominations of Paul Murray, the former Rangers director, former chairman Malcolm Murray, and businessmen Scott Murdoch and Alex Wilson are valid or not.Former Rangers chairman Alastair Johnston has also welcomed King's potential return. Johnston facilitated his friend's investment under Murray, and believes he has the credentials to help, but does not think King will return unless he has some control. "I'm not sure how much authority the chairman [position] has right now," Johnston told BBC Scotland. "If Dave can't see the chairman is anything more than a figurehead I don't think he's going to be interested. The care and attention he pays to the financial matters would serve Rangers well. Whether he would come into the circumstances where he doesn't have a great deal of control as part of an investment is only one he can analyse at this point in time."Johnston urged the Rangers fans to make full use of the forthcoming annual meeting to ask questions of the current directors, who will all be up for re-election. He also backed Paul Murray for a return to the board for "credibility with the financial institutions", and said that Walter Smith's decision to stand down was made to reveal the extent of the problems within the club."Walter brings heart, passion and credibility, and by walking away he demonstrated the seriousness of the situation," Johnston said. "He wasn't running away because people were firing at him. By what you're doing and how you do it, you're transmitting a message." Quote Link to post Share on other sites More sharing options...
STEPPS BOY 77,849 Posted October 10, 2013 Share Posted October 10, 2013 Ian Hart has resigned from board. Quote Link to post Share on other sites More sharing options...
there'sonlyoneamoruso 1,724 Posted October 10, 2013 Share Posted October 10, 2013 Potentially good news. Will be much happier when it is all confirmed.Why is Johnston talking to BBC? And he's backing PM for a return? Disappointing... Quote Link to post Share on other sites More sharing options...
Young Bob 1,360 Posted October 10, 2013 Share Posted October 10, 2013 Ian Hart has resigned from board.Where did you get that? Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted October 10, 2013 Share Posted October 10, 2013 The thread title ( or article title) is, as usual, at odds with the content. It does not solid like DK has agreed to return, yet. Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted October 10, 2013 Author Share Posted October 10, 2013 The thread title ( or article title) is, as usual, at odds with the content. It does not solid like DK has agreed to return, yet.I agree mate, the other Rhebel has it all over its front page, but didnt want to link to them. Quote Link to post Share on other sites More sharing options...
there'sonlyoneamoruso 1,724 Posted October 10, 2013 Share Posted October 10, 2013 The thread title ( or article title) is, as usual, at odds with the content. It does not solid like DK has agreed to return, yet.A newspaper using a sensationalist headline that differs from the content. They never usually do that do they? LOL! Quote Link to post Share on other sites More sharing options...
Guardian 4,281 Posted October 10, 2013 Share Posted October 10, 2013 The rebels have stepped up their attack this morning. They even had Drew Roberton talking to the DR saying all the fans were united against the board. A blatant lie. Wasn't he the one who broke the DU boycott and lied about it ?Kings return would make the rebels redundant. How long til we hear mini has teamed up with him ? Quote Link to post Share on other sites More sharing options...
allgers 735 Posted October 10, 2013 Share Posted October 10, 2013 Its got to be seen as a step in the right direction, a chairman who wants to show a bit of diligence is also a step in the right direction, got a feeling that King won't be a figurehead like Walter. Quote Link to post Share on other sites More sharing options...
DarcheVinny 1,003 Posted October 10, 2013 Share Posted October 10, 2013 Excellent news for the neutral's like myself Let's move forward RM users (and wider online community). No more board vs Requisitioners, please. Quote Link to post Share on other sites More sharing options...
DarcheVinny 1,003 Posted October 10, 2013 Share Posted October 10, 2013 The thread title ( or article title) is, as usual, at odds with the content. It does not solid like DK has agreed to return, yet.All journo's are appearing confident that DK will be back before the AGM. Quote Link to post Share on other sites More sharing options...
Alex_77 73 Posted October 10, 2013 Share Posted October 10, 2013 Yesssssssssssssssssssssssssssssss Quote Link to post Share on other sites More sharing options...
folkestoneger 9,192 Posted October 10, 2013 Share Posted October 10, 2013 What are the chances of Liewell and cronies approving King as a board member They range from 0% to about 0% I reckon. Quote Link to post Share on other sites More sharing options...
WeDontDoWalkingAway1872 303 Posted October 10, 2013 Share Posted October 10, 2013 I'm sick of hearing from posters on here about the 50 different sides in our support... Quote Link to post Share on other sites More sharing options...
markem 7,407 Posted October 10, 2013 Share Posted October 10, 2013 Bloody hell. That might (might) just be good news headin our way. Good news. Remember that? Quote Link to post Share on other sites More sharing options...
1st_Jan_1994 4,868 Posted October 10, 2013 Share Posted October 10, 2013 Don't like King for his deplorable conduct when we were trying to sort a CVAHowever I'm happy to give him a second chance as he has serious money and it also pushes the rebels out a bit more - so happy days Quote Link to post Share on other sites More sharing options...
WeDontDoWalkingAway1872 303 Posted October 10, 2013 Share Posted October 10, 2013 Don't like King for his deplorable conduct when we were trying to sort a CVAHowever I'm happy to give him a second chance as he has serious money and it also pushes the rebels out a bit more - so happy daysTbh if we had got a cva, we would still be stuck with Whyte... Quote Link to post Share on other sites More sharing options...
1st_Jan_1994 4,868 Posted October 10, 2013 Share Posted October 10, 2013 Tbh if we had got a cva, we would still be stuck with Whyte...No mate that wouldn't have been the case Quote Link to post Share on other sites More sharing options...
cabs 13 Posted October 10, 2013 Share Posted October 10, 2013 I honestly hope that this can be the beginning of the end and The Rangers finally get to move on as a Football Club. Quote Link to post Share on other sites More sharing options...
TheBoyDave 123 Posted October 10, 2013 Share Posted October 10, 2013 I would like to see David King return and invest and then hopefully we could get back to on field matters and regaining our rightful place. Quote Link to post Share on other sites More sharing options...
Copland bear 7,966 Posted October 10, 2013 Share Posted October 10, 2013 North Rd, If this is true, then my Christmas has come early. Best news we have had since admin. would love him to become the majority shareholder. Unlike Mini Murray this guy will pay hard cash. Ask him how many shares he wants an issue more shares so the money goes straight to the club. I hope, more like dream he buys 10% at least? The return of the King. Quote Link to post Share on other sites More sharing options...
Straight-Edge-Loyal 6,700 Posted October 10, 2013 Share Posted October 10, 2013 Stupid descision IMO not against King returning would prefer Ashley but King would do but not as chairman if he is to come back it needs to be as owner otherwise the fighting will continue and do no one any good short and long term. Quote Link to post Share on other sites More sharing options...
Copland bear 7,966 Posted October 10, 2013 Share Posted October 10, 2013 Kilwinning, Ashley can only buy so much as he owns Newcastle? I think he is already at that limit. Quote Link to post Share on other sites More sharing options...
Sweeney 241 Posted October 10, 2013 Share Posted October 10, 2013 Would love him back but as AJ says, it has to be in a position of power. Show him the books and give him some control. Well off man who genuinely has Rangers at heart and is willing to (as has been shown previously) back up his words with action and investment. Quote Link to post Share on other sites More sharing options...
WeDontDoWalkingAway1872 303 Posted October 10, 2013 Share Posted October 10, 2013 No mate that wouldn't have been the caseHow so? Whyte still had the shares.... Quote Link to post Share on other sites More sharing options...
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