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Mathew Lindsay's take on proceedings, emboldment mine, suggests everyone is, like us, sitting at their keyboard and guessing?:

 

http://www.eveningtimes.co.uk/rangers/dave-still-hoping-to-be-king-of-rangers-185681n.25670564

 

 

Former director King discussed his plans for the stricken Ibrox club with Greenock businessman Easdale on the telephone on Tuesday.

 

And a source close to the McGill's bus company tycoon described the negotiations as "amicable" - but added that "many questions remain unanswered".

 

South Africa-based King has joined forces with other concerned fans and put together a £16million rescue package.

 

The Gers do not have enough money to see them to the end of the year despite raising over £3m in a share offering last month.

 

The King camp is confident the offer they have made is too attractive for the current club directors to turn down. Sandy Easdale does not sit on the plc board - but he owns over 5% of the club and holds proxy voting rights for another 20%.

 

So Easdale, whose younger brother James is a director, could block any bid to launch a fresh share issue that would allow King to seize control.

 

The wealthy Scottish businessman, who invested £20m during the Sir David Murray era, returned to his homeland last week.

 

He has banded together with fellow former director Paul Murray and George Letham, who loaned the club £1m earlier this year.

 

 

The Castlemilk-raised financier made his move after Sports Direct owner Mike Ashley called for an extraordinary general meeting.

 

Ashley, who owns 8.92% of the club, has called for chief executive Graham Wallace and director Philip Nash to be removed. Former Manchester City chief executive Wallace and ex-Arsenal and Liverpool financial guru Nash are believed to be keen on King coming on board.

 

King, who has tax convictions in South Africa, will have to be approved by both the Stock Exchange and the SFA if he succeeds in taking control. Neither Sandy Easdale nor King were available for comment.

 

Meanwhile, Rangers striker Nicky Clark has predicted that the Ibrox club's superior strength in depth could give them an advantage over Hearts this season.

 

 

 

Rangers, who have a game in hand, are currently trailing Hearts by nine points in the second tier table.

 

Clark said: "I'm sure Hearts and us will stumble somewhere along the way

 

"I think having a big squad was an advantage right from the start of the season. But we need that because it's a long season."

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The next move in all of this will be most interesting indeed bearing in mind the dire financial situation.

Will the board be forced to eat humble pie & go back to King & co or do they have alternatives in the pipeline? who knows

 

The two Easdales will appear on Dragon's Den for investment. I wonder what Peter Jones and Duncan Bannantyne would think of them:whistling:

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McLaughlin it has to be said.

 

Talks between Rangers shareholder Sandy Easdale and former director Dave King have ended without agreement.

Former director King is looking to invest in Rangers in return for eventual control of boardroom affairs.

It is understood Easdale wants more details and information on who else is involved in the plan but further discussions have not been ruled out.

Easdale, though not on the plc board, holds significant influence, because he holds voting rights for 26% of shares.

That gives him power of veto over a proposed new share issue, which is central to King's plans.

http://www.bbc.co.uk/sport/0/football/29731672

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McLaughlin it has to be said.

 

Talks between Rangers shareholder Sandy Easdale and former director Dave King have ended without agreement.

Former director King is looking to invest in Rangers in return for eventual control of boardroom affairs.

It is understood Easdale wants more details and information on who else is involved in the plan but further discussions have not been ruled out.

Easdale, though not on the plc board, holds significant influence, because he holds voting rights for 26% of shares.

That gives him power of veto over a proposed new share issue, which is central to King's plans.

http://www.bbc.co.uk/sport/0/football/29731672

 

what difference does it make who else is involved. is he worried they may be a convicted criminal, maybe a vat fraudster.

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