the gunslinger 3,366 Posted December 24, 2014 Share Posted December 24, 2014 http://www.bbc.co.uk/sport/0/football/30598877 By Richard Wilson BBC Scotland Prospective Rangers investor Dave King has accused the club's chairman, David Somers, of "putting personal concerns ahead of his fiduciary duties". Somers emailed an associate of Mike Ashley expressing fear that he would lose his Rangers board seat should King consortium's funding offer be accepted. King was part of the consortium that offered £16m in investment, in return for control of the Rangers International Football Club board. This, though, was ultimately rejected. Ashley, who owns 8.92% of the shares and whose request to increase his stake was on Wednesday rejected by the Scottish Football Association, eventually provided £3m in loans to tide the club over. Somers had warned Ashley's associate that he was concerned about his own role as chairman and the board positions of James and Sandy Easdale. In the email, Somers referred to "a formal proposal of a deal from Dave King and my board are clamouring for a call to discuss it and no doubt approve it. A board on which James [Easdale] and I are a minority. "Sandy, James and I will not survive on this board very much longer [if the consortium's offer was accepted]. Yes, you can vote them off at the next AGM but they can do a great deal of damage before then." Having now read the Somers email, King believes that it is evident that the Rangers International Football Club board would have found the consortium's offer "acceptable without Somers' attempts to work with Ashley to provide an alternative". Rangers chairman David Somers says King's consortium "fell at the first hurdle of 'show me the money'" King also believes that Somers' role as an independent director and chairman should be investigated by the relevant financial authorities. "His actions could be considered a breach of the Companies Act," King told BBC Scotland. "It would seem from the email that Somers didn't like Ashley's initial proposal, yet that was option the board finally went for. "It also seems that Somers was prepared to threaten to cancel Rangers' retail agreement with Sports Direct to prompt Ashley to provide an alternative that would protect the positions of himself and the Easdales. "Ashley owns less than 10% of the shares, but now seems to control the club. I'm sure he is now attempting to persuade the SFA to allow him to achieve outright control." When asked for a response to the email, Somers told BBC Scotland that the "Dave King proposal started well but fell at the first hurdle of 'show me the money' and 'who are the eight people in your consortium'. "In the end, we couldn't get a sensible realistic deal from anyone at that time despite my trying to put pressure on each of them to produce something sensible, we had to opt for one of the two loan possibilities [the other having been offered by Brian Kennedy]." Reply With Quote 0 Quote Link to post Share on other sites More sharing options...
Siam69 0 Posted December 24, 2014 Share Posted December 24, 2014 yes they were because they allowed a member club to take them to court without sanction. another reason why your clutching at straws wont work. He's Beelin..... 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted December 24, 2014 Share Posted December 24, 2014 Who would sit on the board then for him? One of his invisible investors? George Taylor, Andy Ross, Barry Scott, George Letham and Paul Murray haven't mastered thin invisibility lark very well have they? 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted December 24, 2014 Share Posted December 24, 2014 Our enemies are Liewell, Regan, Petrie,Thompson etc. One day Im sure you'll realise this You are the enemy. You will never realise it. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted December 24, 2014 Share Posted December 24, 2014 Don't know why you guys keep answering him, he loves it. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,257 Posted December 24, 2014 Share Posted December 24, 2014 (edited) George Taylor, Andy Ross, Barry Scott, George Letham and Paul Murray haven't mastered thin invisibility lark very well have they? Heard of Letham and Murray. How much was Murray investing? Was he getting it from Ticketus again ? Thought there was eight people. Who's the others? Edited December 24, 2014 by RANGERRAB 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 24, 2014 Share Posted December 24, 2014 Who would sit on the board then for him? One of his invisible investors? why fury, craig houston and grandmaster suck of course. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted December 24, 2014 Share Posted December 24, 2014 Our enemies are Liewell, Regan, Petrie,Thompson etc. One day Im sure you'll realise this Those doing us the damage tend to wear Rangers blazers and ties, you do realise it was Donald Muir who pocketed a million pounds for delivering us to Whyte not Fullerton or Kane? 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted December 24, 2014 Share Posted December 24, 2014 Heard of Letham and Murray. How much was Murray investing? Was he getting it from Ticketus again ? your going to have an aneurism rab if your not careful. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted December 24, 2014 Share Posted December 24, 2014 Grenada/Granada english/spanish spelling. A spanish club. You're at it again ? Ignore the important part.....again. 0 Quote Link to post Share on other sites More sharing options...
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