ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 I thank Dave King for all he has done, and will continue to do, for Rangers, a true Rangers fan who stepped up to the plate 4 Quote Link to post Share on other sites More sharing options...
compo 7,049 Posted November 26, 2019 Share Posted November 26, 2019 23 minutes ago, ian1964 said: I thank Dave King for all he has done, and will continue to do, for Rangers, a true Rangers fan who stepped up to the plate The very thought of Ashley and Llambias running the show was enough to to make me sick . 2 Quote Link to post Share on other sites More sharing options...
Bluedell 5,627 Posted November 26, 2019 Share Posted November 26, 2019 1 hour ago, ian1964 said: King to dismantle holding company King plans to dismantle the Rangers holding company and fold the shares into the football club. https://www.dailyrecord.co.uk/sport/football/football-news/rangers-agm-2019-live-dave-20961315 I don't know how they do this, other than a share issue in the football club going to shareholders in the holding company and a transfer of trade and assets. Not sure as to the reasons. It gets rid of the company called Sevco, and there could be some other legal reason linked to an ongoing case, but you can't get rid of liabilities by just transferring the trade to a subsidiary, or everyone would be doing it, so the other reasons are unclear. 0 Quote Link to post Share on other sites More sharing options...
JFK-1 1,693 Posted November 26, 2019 Share Posted November 26, 2019 Dave King. Quote The fact that the previous board and other parties agitated with the Takeover Panel in an effort to have me excluded from assisting in Rangers recovery created many personal complications for me with the exchange control authorities in South Africa and cost me over a million pounds in wasted litigation costs related to my status to make the offer. In fact, the South African exchange control involvement in reviewing what was going on at Rangers had a subsequent negative impact on the Club. Since year-end I put in an additional £5 million pounds to assist with the immediate funding of our summer transfer business. The South African authority would not approve a further investment in shares in Rangers and eventually only approved a loan on an interest earning basis. That is one reality I face from living in a country that continues to have capital controls. 1 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 26, 2019 Share Posted November 26, 2019 so if the rumors about king were true are the investment rumors true. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,724 Posted November 26, 2019 Author Share Posted November 26, 2019 0 Quote Link to post Share on other sites More sharing options...
MrGaryValentine 85 Posted November 26, 2019 Share Posted November 26, 2019 53 minutes ago, Bluedell said: I don't know how they do this, other than a share issue in the football club going to shareholders in the holding company and a transfer of trade and assets. Not sure as to the reasons. It gets rid of the company called Sevco, and there could be some other legal reason linked to an ongoing case, but you can't get rid of liabilities by just transferring the trade to a subsidiary, or everyone would be doing it, so the other reasons are unclear. i am no expert but it looks to me as it puts an end to effectively having two companies to run the football club? i can’t see it having anything to do with sports direct, but possibly for a future share issue with non-supporter investors? 0 Quote Link to post Share on other sites More sharing options...
charltonman 19 Posted November 26, 2019 Share Posted November 26, 2019 Any guesses who's next for the throne ? 0 Quote Link to post Share on other sites More sharing options...
JFK-1 1,693 Posted November 26, 2019 Share Posted November 26, 2019 Dave King Quote It is a private joke between Douglas Park and myself that every time I meet him I ignore the customary hand shake and put my hand straight into his pocket. Thankfully it was always filled with cash. ? 0 Quote Link to post Share on other sites More sharing options...
stewarty 2,027 Posted November 26, 2019 Share Posted November 26, 2019 Interesting that he called out Mike Ashley's behaviour in a more measured tone, questioning his judgement too. King doesn't do anything by accident so I'm curious as to what happens next on that front. 0 Quote Link to post Share on other sites More sharing options...
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