DK in tomorrow's Sun

[BrahimHemdani 1]

Last season and the one before.

 

I paid for a season ticket in each of the last two seasons as I have done for many years and I gained entry to all of Rangers home games; how did I lose my ST money?

[the gunslinger 3,366]

I disagree with you on this GS. 5% gets you to the point where you can call an EGM and the directors have to answer your questions directly not through the media in an embarrassing battle of statement and counter statement.

 

Lol they also have to legally answer them honestly......

 

 

Oh wait.

[BrahimHemdani 1]

Ps

 

rationalise

1.

attempt to explain or justify (one's own or another's behavior or attitude) with logical, plausible reasons, even if these are not true or appropriate.

"she couldn't rationalize her urge to return to the cottage"

 

Thanks for your help with that.

[the gunslinger 3,366]

I have no idea what effect you think questions will have but imho the time for questions is long past.

[BrahimHemdani 1]

He " Dave King " is killing the club do you not lay any of the blame at the feet of the board BH?

 

The Board should have acted quicker to reduce costs and increase revenue.

[BrahimHemdani 1]

If only you picked apart the boards semantics with the same enthusiasm, BH.

 

Thanks, but that's not semantics, it's just plain wrong and grossly misleading; even GS can't explain it and he can explain most things a lot better than me.

[TheTinMan99 0]

Thanks, but that's not semantics, it's just plain wrong and grossly misleading; even GS can't explain it and he can explain most things a lot better than me.

 

Are you talking about King or Wallace? You could argue that 2 seasons book money has been "lost". It certainly hasn't been spent/invested wisely with the clubs best interest at heart, and that's directly from Mr Wallace's mouth. Perhaps a better choice of words from King would've been "pissed away", as opposed to "lost".

 

As for who has been plain wrong, or grossly misleading, only one of the aforementioned chaps is currently being investigated by Police Scotland for their recent comments. It seems that Mr Wallace was the only person in Scotland that thought we had enough cash to see us to the season end. It's not surprising you pick out one sentence from the King statement, and virtually ignore the sentiment behind it.

[the gunslinger 3,366]

70 million quid has been lost never mind Brahims 400.

[the gunslinger 3,366]

It's poorly worded no question of that but it's clear enough from the context what is meant.

 

As ever the pro boarders will try to drive the debate towards that and fantasies about king being poor and a liar.

 

But it really comes down to a continual refusal of the board to take this 50 million that's being offered that we so desperately need.

[chilledbear 16]

Keith Jackson was supposed to be a DK journalist

 

 

KEITH Jackson discusses why time for talk at Rangers has long passed and the need for action is greater than ever.

 

 

ALRIGHT Dave, so you don’t consider the current Rangers regime to be fit for purpose. We get it.

 

ALRIGHT Dave, so you don’t consider the current Rangers regime to be fit for purpose. We get it.

 

In fact, some of us having been saying so for quite some time which is why the initial response to another statement from the man who would be King was to shrug the shoulders and wonder how they say, “So what?” in South Africa.

 

Yes, Dave King was right in almost everything he said last night, as he launched another salvo at a bunch of

directors who were already cowering for cover under the Ibrox boardroom table.

 

In fact, in parts he was positively scathing, dismissing CEO Graham Wallace’s 120-day report as resembling the work of an office junior while stopping just short of calling on Police Scotland to burst down the front doors and oxter the board out on to Edmiston Drive one by one.

 

No doubt there will be many Rangers fans out there – those who have now given up completely on Wallace and Co – who will have reacted with fist-pumping glee.

 

But haven’t they heard it all before? Weren’t they cheering and clapping Craig Whyte into power in 2011 – and being won over by Charles Green’s bombastic stylings a year later – as their club was being kicked around from pillar to post? From

administration to liquidation.

 

This time around, don’t Rangers fans require something more meaningful than fanciful ideas or mere mud-slinging especially when it’s all aimed at a board which is already knee deep in a quagmire of its own making?

 

Again, King was correct when he called Wallace and his cohorts out – particularly head of investment Norman Crighton – for their abject failure to address the financial meltdown.

 

Between them they have come up with nothing of any substance with regards securing the future funding which will be needed, not just to make Rangers competitive again at the top of the Scottish game but simply to keep the lights on inside Ibrox and Murray Park until the New Year.

 

Instead, although in very different ways, Wallace and Sandy Easdale issued the same emotional blackmail to the support. Turn out your pockets or the club gets it.

 

Yes, King is quite correct to highlight all of the above and maybe even to stress again how good all of this is for Celtic who can look forward to a monopoly of Champions League lolly, stretching way out into the distance, over millions and millions of monetary miles.

 

In this part of the world nothing sharpens the focus quite like the sight of your “closest” rivals disappearing over the horizon, never to be caught or even competed with again. It’s a future too bleak for any blue-blooded diehard to accept.

 

But, in the here and now reality of the Rangers narrative, this is a club and fan base which has far more pressing issues. There seems little point in obsessing about re-engaging with Celtic at a time when Rangers rips itself to pieces.

 

Which is why King’s latest blast had a hollow ring to it. What is to be gained now from complaining about the board’s “blame game” tactics while accusing them of running the club into the ground? Especially when the damage that has been done to this business – which has blown £70m in 18 months – is now out there in full view.

 

There’s an old saying in journalism which forms the basic principle when writing any story: Tell us something we don’t know.

 

That’s what King should have been reminded of when he was penning his latest PR attack. It should have been pointed out he already has the attention of the rank and file and has also gathered the support of many institutional shareholders who have been watching their IPO investment fall off the side of a cliff.

 

So, if he is really serious about pumping £30m or more of his children’s inheritance into saving Rangers, then now is the time for action not words. Talk is cheap. Buying control of a football club is anything but.

 

King must start to deliver something more tangible than promises alone and he could start today by depositing some of his cash into an account as a sign of his intentions. Also, he could let the wider public in on his strategy, which has been a mystery to everyone other than himself.

 

The options are limited. He could push the club further towards insolvency by leading a boycott on season-ticket sales and then hope to pick it back up again at the other end for a relative pittance. But that would be a high-risk plan and

potentially catastrophic if he was somehow beaten to the punch by, for example, another big-handed Yorkshireman.

 

He could rally enough of the investors in London on the back of Wallace’s woeful review and, with their backing, attempt to overthrow the board at an egm.

 

But while the Easdale Boys can still count on the proxy votes of the club’s shadowy off-shore investors, giving them a starting position of 26.5 per cent, King would need to be very sure he had his own numbers right.

 

This is a board, after all, which managed to bombproof itself from a similar agm ambush in December.

 

Or King could use his cash to do things the old-fashioned way and by making the likes of Blue Pitch and Margarita Holdings an offer they cannot refuse.

 

A few weeks ago this would have been unimaginable given the sums involved and the reluctance of King to feather any more nests in the name of Rangers.

 

But with the share price in freefall since last week, King has an opportunity to do business more on his terms. At current rates the club is valued at £14m and there have been strong suggestions Blue Pitch and Margarita might be ready to cut and run perhaps for a sum of around £6m.

 

That might be a great deal more than their stake is worth but a small price to pay for a man who wants control and claims to have set aside £30m for this purpose.

 

It was said to me yesterday by one figure who has been close to the epicentre of this omnishambles for much of the last three years that King is not just this club’s best hope of survival. He is now its ONLY hope.

 

That’s saying something considering the ignominy of South African tax issues which had previously prohibited his Ibrox return and which may yet still create a road block in the shape of a fit and proper persons test. But if King wants it badly enough it’s time to make a real statement and not just play to the galleries.

 

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