Date: 12th October 2017 at 6:59pm
Written by:

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.

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:

https://twitter.com/kirsten93_/status/918482771936448512

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.

In other Rangers news, Pedro Caixinha was blown away by four Rangers youngsters in the closed-doors friendly with Morton.

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