Dave King has moved quickly to dismiss a bizarre report that American investors are considering a £150m takeover of the 2012 Ibrox Tribute Act- and put the boot into Douglas Park.
King and Park stood shoulder to shoulder in March 2015 as the The Three Bears took control of the club backed by the moonhowlers from the Rangers Supporters Trust.
Almost a decade later the club is in the middle of a massive austerity push as they slash wages while trying to prevent Celtic going past the combined trophy tally of both Ibrox clubs which stands at 118.
With stadium problems on top of the other issues facing the Ibrox board criticism from King is most unwelcome with the South African based ‘businessman’ still a popular figure among fans despite bailing out when the going got tough in 2020.
City AM carried a vague claim of ‘investors’ looking at a £150m takeover, in reality £15m would probably buy a controlling interest with current directors including John Bennett owed £13m from a club that hasn’t broke even since Charles Green brought them to life away to Brechin City 12 years ago.
Soon after the City AM report appeared The Sun had a statement from King that read:
There is no truth whatsoever to the rumour that a USA billionaire – or anyone – has expressed any interest in acquiring Rangers.
The club is going through a difficult phase that was largely self-inflicted and commenced with Douglas Park refusing to back Steven Gerrard’s ambition to kick on from #55.
Self interest should never be put ahead of our club. I am hoping that John Bennett turns things around. I know he will do everything in his power to do so.
King has been desperate to sell his shareholding for four years with only Club 1872 showing any interest but that failed to attract backing from the Gullible & Deluded.
With the club regularly issuing more shares to repay loans other shareholders are regularly finding their percentage being reduced
City AM reported:
Glasgow Rangers are attracting takeover interest from American investors who value the club at around £150m, with a number of the existing shareholders at Ibrox thought to be open to selling.
Former chairmen Dave King and Douglas Park are the biggest shareholders at Rangers with 14 per cent and 12 per cent of the club respectively.
Eight other groups hold stakes of less than 10 per cent, including fans’ group Club 1872, which owns 4.96 per cent.
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