DK open letter to Board

[BEARGER 1,830]

DAVE KING has called for greater boardroom transparency at Ibrox as he raised several concerns over the running of Rangers and the direction of the club on and off the park.

The former chairman penned an open letter to Douglas Park and his directors on Thursday as the under-fire Rangers hierarchy - still reeling from the successive four goal defeats to Celtic and Ajax - were put under the spotlight once again.

Supporters have become increasingly disillusioned with the way the club is operating at present and King has now questioned:

• When the board decided to ‘change its commitment to supporters to reinvest the proceeds of player trading back into the squad and why was this not openly communicated to supporters?’

• What has happened to the funds banked by the run to the Europa League final last term and whether the ‘focus has moved onto competing in the financially lucrative European competitions as a pure profit motive rather than as a means to improve the squad?’

• The relationship between the board and fan organisations and why Park is ‘so against the transfer of my shares into the control of supporters via Club 1872?’

• If Rangers are for sale ‘if the price is right’ following an approach by American businesswoman Kyle Fox amid suggestions, which Rangers have refuted and have launched legal action over, that a share deal and £75million worth of investment was on the table.

King voiced his concern over Rangers’ transfer strategy and their role in the cinch sponsorship fiasco last week and has since seen Van Bronckhorst’s side suffer humiliating defeats in the Premiership and Champions League as the Dutchman has been left fighting for his job at Ibrox.

Supporters have been critical of areas such as communications, ticketing and the merchandise arrangement with Castore in recent months and were successful in forcing the board to pull out of the controversial Sydney Super Cup trip that was scheduled for November.

King said: “I have been closely following the Club’s activities on and off the pitch and as a supporter (and still largest shareholder) I have become increasingly alarmed about what I am witnessing.

“Being a director of Rangers is a privilege that comes with an individual and collective responsibility that appears to have been absent from decision making for some time now.

“There is a shroud of secrecy around what is happening within the Club and the lack of meaningful engagement with supporters and shareholders, who are entitled to a greater degree of respect, is completely unacceptable.

“The Club is being run like a private concern with supporters being increasingly treated as customers rather than people who give their hearts, souls and hard-earned money to Rangers.

“Rangers fans know only too well the pain and suffering that can come from a lack of scrutiny over those entrusted to protect our Club.

“This is why I am forced to speak out at this time by sending an open letter to the Board and by asking for future transparency, honesty and respect for all supporters and shareholders.”

[Sutton_blows_goats 5,334]

Something stinks at Ibrox. Getting sick of all this.

 

Oh and Dave please read the room and pick a decent time to come out with this.

[der Berliner 3,744]

You can`t say that this article reeks of media hysteria, nope, never. 

 

As for Mr. King, how about speaking to the Board (maybe via Club 1872 or the like) directly rather than the media, who has always been the club`s closest fans?

[CammyF 8,085]

1 hour ago, der Berliner said:

You can`t say that this article reeks of media hysteria, nope, never. 

 

As for Mr. King, how about speaking to the Board (maybe via Club 1872 or the like) directly rather than the media, who has always been the club`s closest fans?

Maybe he's tried to talk to the board and they won't entertain him. I believe King and Park Jnr are not on speaking terms.

 

2 hours ago, Sutton_blows_goats said:

Something stinks at Ibrox. Getting sick of all this.

 

Oh and Dave please read the room and pick a decent time to come out with this.

The timing definitely sucks and you are 100% correct, something does stink (and has for a while).

 

King will get as many answers as we get, but at least (as largest shareholder IIRC) he's highlighting and asking the permanent questions.

[Bill 13,717]

I'm beginning to suspect that there is much going on in the background and perhaps has been for longer than we think. It's pure speculation of course but this smells of corporate shenanigans. Taken with the Kyle Fox fiasco and the Ashley settlement, there's an inkling of clandestine activity to dispose of Rangers FC to entirely new owners, which is perhaps what is really irritating Mr King. If this is indeed what has been occupying our directors then it is understandable that open communications with the fanbase might be 'difficult'.

[CammyF 8,085]

I understand that the next statement / open letter may be from a certain Paul Murray (content unkown).

[buster. 5,186]

Man having difficulty selling large block of shares opportunistically looks to use difficult moments for the club/board/football team to curry favour with fanbase by going public, filling the vacum left by a somewhat uncommunicative board.

 

It has been the same for a while.

 

Difference here is the general situation on various fronts for the club has complicated and DK goes on a wider ranging attack.

 

DK was always fond of the word holistic.

He should bear it in mind with regards to some of his critique on finance.

 

Over th piece, the relationship between C1872 and DK, isn't a good look for C1872, nor DK. Mainly for that reason, the group are a busted flush with a lot of shares.

 

 

No-one looks particularly good at the moment, on the inside or outside.

And it is a mystery as to what, if anything is going on behind the scenes regards Foxy ladies and dead pop stars.

 

Generally, these past few weeks have been a glimpse back into the dark past.

 

 

 

 

Edited September 9, 2022 by buster.

[Gonzo79 15,293]

King loves a bit of attention.  

[Uilleam 5,930]

7 hours ago, Bill said:

I'm beginning to suspect that there is much going on in the background and perhaps has been for longer than we think. It's pure speculation of course but this smells of corporate shenanigans. Taken with the Kyle Fox fiasco and the Ashley settlement, there's an inkling of clandestine activity to dispose of Rangers FC to entirely new owners, which is perhaps what is really irritating Mr King. If this is indeed what has been occupying our directors then it is understandable that open communications with the fanbase might be 'difficult'.

A focus on competing, and making a big splash, in European football, at the expense of the home market, would make sense, perhaps, if the aim was a disposal. 

 

[CammyF 8,085]

2 hours ago, buster. said:

Man having difficulty selling large block of shares opportunistically looks to use difficult moments for the club/board/football team to curry favour with fanbase by going public, filling the vacum left by a somewhat uncommunicative board.

 

It has been the same for a while.

 

Difference here is the general situation on various fronts for the club has complicated and DK goes on a wider ranging attack.

 

DK was always fond of the word holistic.

He should bear it in mind with regards to some of his critique on finance.

 

Over th piece, the relationship between C1872 and DK, isn't a good look for C1872, nor DK. Mainly for that reason, the group are a busted flush with a lot of shares.

 

 

No-one looks particularly good at the moment, on the inside or outside.

And it is a mystery as to what, if anything is going on behind the scenes regards Foxy ladies and dead pop stars.

 

Generally, these past few weeks have been a glimpse back into the dark past.

 

 

 

 

The soap-opra has recommenced and another 'split' in the fan base is inevitable. Some will back the current regime, some will back King and others will just sit back, grab a packet of popcorn and watch how this pans out. 

 

For the record i am critical of the current board but dont believe King is the right person to take us foreard either. 

 

14 minutes ago, Gonzo79 said:

King loves a bit of attention.  

He does but he is not wrong in anything that he says in his open letter.