28 February 2014

Is there a missing piece in the board's recent Dave King statements?

by Alan Clark | Deputy Editor

In another tumultuous week at Rangers Football Club, former director Dave King arrived back in the newspapers to discuss the board, fan revolt and other pertinent issues.

The board released several statements in response to the quotes attributed to King, and to his large statement on Wednesday.

The CRO understands that football board director Sandy Easdale had several discussions with Dave King, in which a deadline of 7 February was given by King for a response to the South Africa-based businessman.

In a question and answer with the Daily Record's Keith Jackson, Wallace said: "Dave King has not come to the club with an offer, other than an interest in participating in a future equity...Dave is not a shareholder and he has not made the club any offer of financial assistance." 

Wallace has repeatedly said no offer was made by King, this being backed up by chairman David Somers' statement on the official website. The issue here is: has Wallace told the supporters something different to what actually occurred, or was he genuinely unaware of the discussions with King?

Questions must now be raised as to why a director of the subsidiary company of Rangers International plc –a member of the "football board" which by his own admission doesn't deal with the football at all – was conversing with a potential investor and much-needed source of finance without the CEO of the company having knowledge of it.

What exactly was discussed between King and Easdale in these conversations? What was to be agreed before this 7 February deadline? These are questions that fans deserve answers to.