Several members of Sevco High Command had a bit of a surprise yesterday morning.
During a conference call, they found out about the proposed share issue.
Apparently, the fait accompli press release was already in their inboxes and that was that.
When the startled directors stated that this had not been discussed at the regular meeting on Friday it was clear that Mr King was in no mood to brook any opposition from his Blue Room Colleagues.
It was done and that was very much that.
I’m told that the appropriate people in the Takeover Panel were meeting today to discuss this latest move by the South African based convicted criminal.
Let’s just say I would be surprised if they are taking this well.
Prima facie, this move appears to be classic King:
Delay, deflect and defy.
I rather think that the Takeover Panel chaps are of the same opinion.
Mr King will be legally represented in the Court of Session tomorrow.
I never thought in 2015 that the Off Licence Putsch would create such a bizarre shit show.
Off topic…but..
I used to wonder about our training/fitness regimes …regarding players picking up stress injuries.
I don’t wonder any more…I’m convinced something is wrong.
Big Eddie is now out with hamstring problems…and it seems to be a recurring theme.
Anybody have inside info…?
Hearing cancelled at the last minute. Now hearing in OCTOBER! FFS how does this criminal get away with it?
If they don’t show their teeth today by getting the court to issue a contempt citation (where he can be arraested next time he steps foot in UK) the TOP will have been shown to be toothless. Be interesting to see what happens.
You clearly do not understand the process.
Phil; Don’t disagree with that, I’m no lawyer. My point though is that when will they actually DO something that will result in action? As you put it, King is the master of delay, deflect and defy and they haven’t yet been able to touch him and he’s making them look like impotent fools. So can you help explain what is the process then?
Haha, say what you like about Dave King, he’s fantastic comedy value.
The Easdales will be lapping this shit up, to name just two.
Does seem increasingly desperate though – there’s no way the courts will allow him to further dilute the shareholders’ capital, at a time when he’s facing contempt proceedings for defaulting on his mandatory offer for their existing holdings. On the face, it looks very much like top trolling, and that’s about it.
It will have one likely practical effect however, which is further court costs for Rangers. Taking that in conjunction with the apparently perilous transfer spending over the summer, and you have to wonder if someone might be deliberately trying to tank the club’s finances and provoke an administration situation.
I’m not sayin’ who, like. I’m just sayin’. xD
Good piece Phil. I’m loving the shit show. The show must go on.