I don't have a huge issue with them buying King's shares. I understand the argument that the money would be better going into the club, and in a perfect world that would be ideal. However, if Club 1872 don't buy King's shares I worry about who does. Assuming our major shareholders and current directors haven't expressed an interest in buying them then, for me, Club 1872 is a better option than some of the alternatives.
From a business perspective if we want people with resources and business acumen to get involved in the club it would be an easier 'sell' if there's a clear exit strategy too. Club 1872 or something similar strikes me as a decent one. The thought of a decent chunk of the club falling into the hands of someone like Mike Ashley or Charles Green again is a bigger concern for me than Club 1872, for all its faults.
The antagonism that seems to exist between Club 1872 and some of the current board isn't helpful, it pushes us to take sides. Fixing that would be in everyone's best interests. Easier said than done I accept.
If, as a support, we expect our shareholders to simply write off a lot the value of their shares rather than expect to at least recoup what they paid for them, then I worry that will discourage a fair number of people from investing in Rangers. Even the wealthiest of supporter must baulk at potentially losing millions of pounds.