SteveC 150 Posted April 7, 2015 Share Posted April 7, 2015 Keith Jackson @tedermeatballs : Court of session clears Dave King as fit and proper to take up role as Rangers chairman. Full story @Daily_Record soon. DK: Hopefully this endorsement will also provide the SFA with additional comfort to complete its consideration of my fit and proper status. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted April 7, 2015 Share Posted April 7, 2015 And RM goes booooooooommmmmm 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted April 7, 2015 Share Posted April 7, 2015 Absolutely brilliant news! 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted April 7, 2015 Share Posted April 7, 2015 (edited) I think the SFA are waiting for this decision, makes their decision more easier imo. Edited April 7, 2015 by aweebluesoandso 0 Quote Link to post Share on other sites More sharing options...
simplythebest 0 Posted April 7, 2015 Share Posted April 7, 2015 Now we can maybe get a top quality CEO in to run us day to day 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,413 Posted April 7, 2015 Share Posted April 7, 2015 I think the SFA are waiting for this decision, makes their decision more easier imo. Aye,they're good at passing the buck when strong decissions are required! 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted April 7, 2015 Share Posted April 7, 2015 I think the SFA are waiting for this decision, makes their decision more easier imo. You might be right mate, but the SFA have got previous for ignoring rulings by the Court of Session when it comes to Rangers, so I wouldn't bet on it. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,413 Posted April 7, 2015 Share Posted April 7, 2015 DAVE KING has today released the following statement: "I am delighted that at a Court of Session hearing this morning before Lord Woolman my application to become a Director of Rangers International Football Club PLC was granted. Today's decision has removed the final legal hurdle for me to take up my role on the Board following the overwhelming mandate at the General Meeting. "The previous Board had raised a little known legal provision stating that because I was a Director of Rangers Oldco within 12 months of its liquidation that I must obtain Court sanction before becoming a Director of RIFC because the word “Rangers” is in both company names. "A Court would not grant leave to an applicant unless it is satisfied that the circumstances warrant such approval. Any affected party, eg the liquidator or an aggrieved creditor of the previous company, has the right to be heard at such a hearing. "The liquidation of Rangers Oldco and the formation of Rangers Newco were not conducted clandestinely but in the full glare of publicity. However, being aware of the provision I sought leave of the Court to accept my Board appointment. "Hopefully, this endorsement will also provide the SFA with additional comfort to complete its consideration of my fit and proper status. All Rangers supporters have suffered from the failure of full and proper corporate governance over the last 4 years. I am anxious to play my part in ensuring that this is comprehensively remedied for present and future generations of Rangers supporters. "I have fully co-operated with the SFA over the last few weeks and thank them for the care and attention with which they have undertaken this task. I must be the most scrutinised candidate in Scottish football history but accept this as being preferable to the lack of scrutiny that has been the case in Rangers recent past - and possibly other clubs. I hope that matters can be swiftly concluded now that, with the permission of the Court, I can take up my role as a Director of RIFC. "I also take this opportunity to confirm to all Rangers supporters and shareholders that, despite the ill-informed commentary on the subject, the loss of the AIM listing was all to do with the prior Rangers Board and nothing to do with the current Board. It is clear to me that the AIM regulator simply lost patience with the embarrassment that the company has been to AIM since it was listed. "The Board is currently exploring options that I believe will be a better solution, both short and long term, for the trading of the company’s shares and that will provide a more conducive environment for the rebuilding of the club - both on and off the field. "Finally, although standing back from the Board to respect the processes of the authorities this has allowed me time to review some of the commercial transactions and arrangements that have been concluded by the club over the last few years. This is a process that will continue to be undertaken in a structured and professional manner and in the appropriate forum. Previous Boards, unfortunately, leaked and debated board and shareholder issues in the media to the point that Boardroom issues often took up more media space than the football team - hence contributing to the AIM rejection. "That was a function of poor governance and lack of leadership at Board level and is something I promised to rectify when speaking in the run up to the General Meeting. Fans and shareholders can continue to be comforted that, despite the lack of comment in the public arena, those individuals who are deemed responsible for failure to protect the company’s interests will be held accountable. However, announcements in that regard will be made only after due process has been concluded." 0 Quote Link to post Share on other sites More sharing options...
Little General 80 Posted April 7, 2015 Share Posted April 7, 2015 Fans and shareholders can continue to be comforted that, despite the lack of comment in the public arena, those individuals who are deemed responsible for failure to protect the company’s interests will be held accountable. However, announcements in that regard will be made only after due process has been concluded I hope the new board take them to the cleaners 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted April 7, 2015 Share Posted April 7, 2015 Not a surprise but good news nonetheless. Also an excellent statement. Let's hope we some some progress on everything he speaks about and more.... 0 Quote Link to post Share on other sites More sharing options...
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