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DavieMacRFC

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http://www.dailyreco...-begin-4437782?

DAVE KING stepped up his bid to buy his way into Rangers yesterday when he arrived at Ibrox for crunch talks about his proposed £16m bailout.

King flew into Scotland from his South African base on Monday night arriving at the club’s stadium this afternoon.

We revealed last week that King had teamed up with wealthy fan George Letham and former director Paul Murray to bankroll an urgently needed rescue package which would enable the club to stave off yet more financial distress.

In return for the huge cash injection King and his group want a 51 per cent stake in Rangers, through the issue of new shares.

The move has been backed by chief executive Graham Wallace and director Philip Nash - the two men Newcastle owner Mike Ashley is currently trying to have booted off the board.

But King’s sudden arrival on Scottish soil indicates that he believes he is close to securing a deal.

King may even attempt to make contact with Ashley - who owns an 8.92 per cent chunk of the Ibrox club - during his visit to see if common ground can be found.

As well as controlling the club’s retail stores and shirt sales, Ashley also owns the naming rights for the stadium as part of a hugely controversial ‚£1 deal with former CEO Charles Green - an agreement which was uncovered by Record Sport.

But if King’s consortium holds no threat to Ashley’s lucrative contracts then the Sports Direct boss could yet be talked into scaling back on his own ongoing attempts to grab a bigger share of boardroom control.

Must be all lies and nonsense though, as Bawsburst keeps telling us he can't take 10p out of S.Africa :)

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