Rangers managing director Stewart Robertson has moved to allay fears that the club will be negatively affected by chairman Dave King being ordered to make an £11million offer for the club’s remaining shares.
On Friday, a Court of Session judge ruled that King must offer stakeholders 20p per share for the capital not controlled by him and three partners.
This has sparked fears that the Ibrox club will be negatively affected, with King a major source of funds for the club, but Robertson has now moved to quash those concerns.
As quoted by the Daily Mail, Robertson said: “It doesn’t have any impact on us at all. That is an issue for Dave in terms of the shareholders.
“In terms of the day-to-day running of the club and the PLC and the share issue we are looking at in the future, it has no impact on that whatsoever. As far as the club is concerned, we are just running as we do. It is not impacting on any decisions we are taking at all.”
King has reportedly guaranteed more than £7million to make up for shortfalls in the coming years, and when asked if he was sure that would not be affected, Robertson replied: “One hundred per cent. Absolutely.”
It was decided on Friday that King and his partners, George Letham, Douglas Park and George Taylor, in fact owned over the 30% required for a mandatory offer to be made.
King had argued that his family trust, New Oasis Asset Limited, owned 15% of the club, claiming that he himself did not own these shares.
In Friday’s written judgement, the presiding Lord Bannatyne had insisted he thought King had control of this trust, and therefore had control of the shares, and the money to make the £11million offer.