Celtic fans react to reported Dave King development at Rangers
Rangers chairman Dave King has reportedly lost his appeal at the Court of Session over a complaint he had acted in concert when purchasing shares in the Ibrox giant and is now going to have to make an offer for the remaining shares in the company at a maximum cost of £11million.
King and Gers investors known as “the Three Bears” – George Letham, George Taylor and Douglas Park – collectively purchased over 30% of the Ibrox giants and, according to the Daily Record, the courts have now acted to force King to make on offer of 20p per share to other shareholders.
Celtic fans were delighted with the news for some reason and quickly took to social media to discuss the latest boardroom developments at their rivals – with one saying King is nearing tennis flop Tim Henman’s “record of court defeats.”
Here are some of their comments on Twitter:
For any BBC licence payers being denied the real news today Sir Dave King has suffered a minor set-back, like an £11m set back https://t.co/OAUhk4Cxr0
— Joe McHugh (@videocelts) February 28, 2018
— Dardo1967 (@dardo1967) February 28, 2018
Dave King is about to reem his Wife and kids out of their NOAL pension funds , don’t be surprised by that because here’s what he said about his children’s spouses during his tax convictions in South Africa ???????? pic.twitter.com/TUpn6YppvB
— moo (@moo_ted) February 28, 2018
Dave King nearing Tim Henman’s record of Court Defeats.
— Stephen ???????????????? (@CPTullyBhoy) February 28, 2018
@ClydeSSB I take a large chunk of the show will be dedicated to Dave King losing his final appeal in court today and the upcoming share offer at Ibrox, as ordered by Lord Glennie.. Im sure the phonelines will be chocablock.
— Cloggybhoy (@Cloggybhoy) February 28, 2018
#ooft Dave King has lost his appeal
That will be £11m please
— Celtic Collectibles (@CollectCelticFC) February 28, 2018
— bhoy danny (@CheapePaul) February 28, 2018
King and the Three Bears ousted the hugely unpopular board backed and hand-picked by Newcastle United owner Mike Ashley after several years of fighting over control of the Ibrox giants.
King had claimed during the appeal that he had no direct control over the trust used to buy the shares – New Oasis Asset Limited – and no personal wealth to make the offer as an individual.
In other Rangers news, Graeme Murty has revealed this Rangers star was angry and frustrated after the win over St. Johnstone
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