North Rd 0 Posted June 8, 2012 Share Posted June 8, 2012 Rangers director Dave King wants Charles Green's bid to buy the club to fail, unless he demonstrates an ability to provide long-term funding. In an exclusive, in-depth interview with BBC Scotland King predicted Green "would not last a season" at Ibrox. He says the Blue Knights group is the only viable bidder for Rangers. The club's administrator Duff & Phelps and Green dismissed misgivings expressed by King on Thursday, questioning his motives. Continue reading the main story â??It's not difficult to put together a deal to acquire the club under existing circumstances the question is, how can you fund it going forward?â? Dave King Rangers director Green also pointed out that, even if his company voluntary arrangement proposal fails, the terms of his agreement mean he would acquire the club as a 'newco'. King believes that, either way, liquidation remains the likely outcome. "Whether the CVA goes through or doesn't go through, it may delay the inevitable," said King. "I think I was public in saying that [current majority shareholder] Craig Whyte wouldn't see the season out and I would predict Charles Green wouldn't see a season out either." The South Africa-based Scot previously called for fans not to buy season tickets and to join his opposition to the CVA. And he does not believe Green's acquisition of the club is a fait accompli. He said: "All you need is the fans to say 'we've seen this before, we want to support the club, we want to buy season tickets but we're insisting the season-ticket money is put into escrow with a major legal firm and it won't be touched until the beginning of the season so we know it's there'. "I think you'll then see that Charles Green will run a mile because he doesn't have the money to run the club and he's relying on the season ticket money to fund the acquisition." Green's statement on Thursday noted that King himself was not in a position to bid for the club himself, but King told BBC Scotland his battle with the South African taxman, worth hundreds of millions of pounds, does not preclude him from being involved in a bid. Green's group agreed a deal to buy Rangers in May He is adamant Green should reveal at least some of the details of his plans to allow fans to judge them. "If there isn't any demonstrated capability [of future funding by Green] I think it should fail, and fail quickly," he added. "Then at least Duff & Phelps are in a position to negotiate with the only real answer at this point, which is the Blue Knights consortium [led by Paul Murray and Brian Kennedy] and accept they might not get as much up front, in terms of what has been promised by Green. "I have a sense from discussions I've had that there are a number of people who would get involved but only if the club can be acquired in a sensible manner by like-minded people and will be properly funded going forward. "I respect that Duff & Phelps' job is not really to worry about the future of the club. They've just got to say 'we've got do the best for creditors and if we get another £500,000 from this transaction but they haven't got the money going forward, it's our obligation to take that'. "My concern with the Charles Green transaction is just the complete lack of transparency. If Charles Green had said 'I'm going to put £8.5m into the club and I've got these investors available with credibility who've also agreed to put in the £30-35m the club needs over the next three years', I certainly would have supported it. "It's not difficult to put together a deal to acquire the club under existing circumstances, but the question is, how can you fund it going forward? If Mr Green does have funding, he's being very shy about revealing who they [his backers] are. "My understanding is that he doesn't have funding and all we're into is the same situation we had with Craig Whyte last year where the funding will come out of the season ticket sales, and that will run dry round about August or September and you just have a [situation like] Portsmouth. We'll be back in the same situation a year down the road." 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted June 8, 2012 Share Posted June 8, 2012 Is there any way this can be proved one way or another? "I think you'll then see that Charles Green will run a mile because he doesn't have the money to run the club and he's relying on the season ticket money to fund the acquisition." Did the RFFF get any proof about funding? 0 Quote Link to post Share on other sites More sharing options...
North Rd 0 Posted June 8, 2012 Author Share Posted June 8, 2012 still think I was havering about someone giving him info from the Green/RFFF meeting ? 0 Quote Link to post Share on other sites More sharing options...
Waltersgotstyle 297 Posted June 8, 2012 Share Posted June 8, 2012 I really hope Green does have backers however it would be naïve to expose them before a CVA is agreed as it could stop creditors accepting. 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted June 8, 2012 Share Posted June 8, 2012 Another desperate attempt to harm the club he loves, dont make me laugh. The idea of this crook telling other people there dodgy with no proof makes me laugh. 0 Quote Link to post Share on other sites More sharing options...
smile 0 Posted June 8, 2012 Share Posted June 8, 2012 If the TBK were the only viable option why did he not finance their bid. 0 Quote Link to post Share on other sites More sharing options...
Thinker 871 Posted June 8, 2012 Share Posted June 8, 2012 King doesn't seem to have anything concrete to base his criticism on and I wouldn't be surprised if he had ulterior motives for wanting the CVA to fail. But, as usual, the whole affair is a big swirling cloud of question marks. The thought I'm clinging to is that Green managed to allay most of the RFFF guys' fears in his meeting. At this stage we've just got to hope he's on the level... 0 Quote Link to post Share on other sites More sharing options...
kuznetsov 0 Posted June 8, 2012 Share Posted June 8, 2012 He says "the Blue Knights group is the only viable bidder for Rangers." - Now we are getting somewhere. If TBK had the funds and made the best offer theirs would have been accepted, they obviously didn't. I wish people would stop bringing them up now, they made their final offer, it was rejected and gave a date which was a final date any deal could or would get done, that has also past, TBK's are done. We move on. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,247 Posted June 8, 2012 Share Posted June 8, 2012 If TBK, or Kennedy or King for that matter are serious in their bid to save Rangers FC, why don't they back Green's proposal for now? Or indeed get on board and accept that for the time being, someone else then they themselves will be at the helm ... even though that is not certain. All you see is one trying to crawl over another to get a foot in, only to note when it is too late that the ship they are aiming to captain is already sinking and any helmsman will get wet feet. And while I am at it, there are only very few businessman about who can guide the club through this process out of their own purse. So King slagging off Green for not being able too is rather silly indeed. 0 Quote Link to post Share on other sites More sharing options...
way2go 0 Posted June 8, 2012 Share Posted June 8, 2012 Excuse me for missing your post but what do you suspect happened after the Green?RFFF meeting? 0 Quote Link to post Share on other sites More sharing options...
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