'Amazing' - Rangers fans react to potential £11m deal
By James Black
Rangers fans took to Twitter to express their displeasure at chairman Dave King being hit with a potential bill of £11million.
The chairman of the Light Blues was in court on Wednesday as the Takeover Panel attempt to have an order enforced requiring King to make an offer for the remaining shares in the Ibrox club.
The Takeover Panel had previously demanded King stump up after being found to have been in concert with other Rangers shareholders when they purchased just over 30% of the club.
King has so far refused to do so, and the Takeover Panel have taken the matter to the court of session in order for it to be enforced.
King teamed up with George Letham, George Taylor and Douglas Park to acquire more than 30 per cent of voting rights in the Light Blues in late 2014.
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Gers fans don’t seem to be too impressed with the ongoing saga and made their feelings clear on Twitter at the deal being cooked up in court.
Here are some of their comments:
Big fan of Dave King taking his failed 'I don't even own this watch, mate' defence from South Africa and rerunning it in Scotland.
— Iain (@CemetryGates89) October 12, 2017
Ill find it amazing if one single bear has a plausible excuse for dave king not knowing about the 30%.
— Bobby Brown (@WillieDeSept) October 12, 2017
The Dave king defence ???????? pic.twitter.com/VvtoamwFIH
— pissed off bear (@spivsdirect) October 12, 2017
Whole point in Dave King has always been to be a place holder, fix the glaring issues and sell us on.
— Jack (@WatpJack) October 12, 2017
This does not look good for Dave King at all in court.
— John Forsyth (@johnforsyth2401) October 12, 2017
Dave King uses the courts the way footballers use injuries to waste time.
— #GraemeMurtyLoyal (@StaunchusPilate) October 12, 2017
The hearing continues tomorrow and King could face having to make an offer for the remaining 70% of shares at 20p each.
It’s unlikely however that the most shareholders would be willing to sell – the club’s second biggest shareholder is fans’ group Club 1872 – although some may be willing to sell up to King.