The Takeover Panel takes over

The speed with which the Takeover Panel have moved against Mr David Cunningham King is highly significant.

Perhaps the South African based entrepreneur had thought they were not serious.

If he did think that then I would contend that he has seriously miscalculated.

Their statement of intent can be read here.

 “…the Takeover Panel has today initiated proceedings in the Court of

Session, Edinburgh under section 955 of the Companies Act 2006 seeking an order

requiring Mr King to comply with these rulings.”

For the avoidance of doubt, I do not concur with the assessment of one young chap on the Beeb that the ruling of the Takeover Panel on Mr King was no biggie for Sevco.

It is the most serious event to have happened to Rangers International Football Club (RIFC) since it was formed in 2012.

Of course, in response, the stenographers will be acting like air traffic controllers for entire squadrons of these chaps in the coming days.

Discover Phil’s dramatic play Rebellion