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Rangers: Off-field issues continue

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Rumours swept across social networking sites on Sunday night claiming Ibrox chief executive Graham Wallace was preparing the club for their second insolvency event in the space of two years.

 

The club responded by saying the rumours were "completely false" but the panic has worried already-anxious Gers supporters further following the £14.4million loss recorded last year.

 

However, despite vowing to take on the unpopular Ibrox board, South Africa-based King does not think the current directors are desperate enough yet to place the club back into administration.

 

The Castlemilk-born multi-millionaire told Press Association Sport: "I don't believe that it is likely that the club will go into administration at the present time."

 

Meanwhile, King says Rangers boss Ally McCoist is right to take a step back from the Ibrox power struggle.

 

King stepped up his bid for boardroom change last week when he encouraged the Light Blues support to withhold season-ticket cash.

 

The 58-year-old - who is set to fly to Scotland next week - intervened after the club was forced to accept a £1.5million loan from investors Sandy Easdale and Laxey Partners.

 

The loan is secured against the club's Edminston House and Albion car park facilities, while Laxey stand to make a £150,000 profit in either cash or shares by the time their £1million is repaid according to terms criticised as wildly generous by supporters group the Union of Fans.

 

The ruling regime responded to King's 1,500-word statement by accusing him of "destabilising and damaging" the club.

 

That left McCoist in an impossible position when he was asked which side of the battle he backed at his Friday press conference.

 

Instead of answering, though, the manager of the League One champions-elect opted not to discuss the latest drama at all.

 

But King says McCoist is right to shy away from non-football matters while the fight for control of the club intensifies.

 

"I believe that it is the manager's job to focus on team affairs and to stay away from the corporate activities that he has no influence over," he said.

 

"I have not had discussions with Ally on my recent statements and I don't believe that it would be appropriate for me to do so.

 

"Ally has always demonstrated his loyalty to the club and will, no doubt, continue to put the club ahead of any individual."

 

 

http://www.sportinglife.com/football//news/article/26854/9194608/king-calm-over-rangers-reports

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Interesting tactics from King.

 

Essentially he seems to be driving the agenda with some fresh comments every day or so. This constantly puts the club on the back foot, having to respond to King.

 

It also doesn't leave much time for some of the Board's favoured outlets to start running interference.

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Apparently the board have now requested a meeting with King asap so he can explain his 'allegations'

 

Somers to King - "These statements and innuendos are very damaging to the club, which we can only assume is your intention. We wish you to attend a meeting to explain your allegations in more detail as soon as possible. Please confirm your availability."

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Apparently the board have now requested a meeting with King asap so he can explain his 'allegations'

 

Somers to King - "These statements and innuendos are very damaging to the club, which we can only assume is your intention. We wish you to attend a meeting to explain your allegations in more detail as soon as possible. Please confirm your availability."

 

More like: Please come to the Headmasters office where you will be asked why you are arguing against the teachers authority even though they are wrong.

 

FFS.

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And he should be under no obligation to keep the meeting content secret. All he needs to be sure of is that he is dealing in facts about whats going on and not just bluff and bullshit to destabilise the current board. How can he refuse, especially when he seems happy to have dialog with the Glasgow born loon..

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Somers' open letter to Kings says: "The board of Rangers International Football Club has noted your astonishing press releases over the past few days.

 

"These statements and innuendos are very damaging to the club, which we can only assume is your intention.

 

"We wish you to attend a meeting to explain your allegations in more detail as soon as possible. Please confirm your availability."

 

http://sport.stv.tv/football/clubs/rangers/265980-rangers-board-summons-dave-king-to-meet-to-explain-damaging-statements/

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