Now dear reader, I’m told that the Sevco High Command want the following kept really quiet.
So here goes.
I spoke with an impeccably placed source today who told me that the incumbents in the Blue Room have a great degree of angst about their ex-chairman.
Apparently, they’re concerned that Mr David Cunningham King could once more be sitting around the table in the boardroom thanks to the Club 1872 shareholding.
Even as it stands, the supporters’ group are probably entitled to at least one director on the RIFC board.
For the avoidance of doubt, I have complete faith in the integrity of this source. The scenario he painted for me was here Mr King sold his remaining shareholding to the Club 1872 chaps.
He would then, on their behalf, join the RIFC board.
Now, this is a two-fold problem for the Sevco High Command.
Firstly, any money they give to Mr King for his shares is cash that isn’t going into the club.
Secondly, Mr King back in the Blue Room would have, by right, access to commercially sensitive information, e.g. the precise details of the settlement with Sports direct.
Obviously, the South African-based convicted criminal is above reproach on these matters, but it would be rather messy if the details of that deal finally leaked.
All that I’ve been able to glean from my guy at Shirebrook is that Big Mike is “very, very pleased” with the settlement.
For example, any non-executive director could also ask what the breakdown of the “other operating expenses” is in the RIFC accounts.
Finally, Mr King could be holding the Sevco High Command to account.
That’s something that the Stenography Corps has deliberately avoided doing since the club was established a decade ago.
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Hey Phil,
Apropos of nothing, earlier today I read an interview with Slovenian art provocateurs Laibach in this month’s issue of Electronic Sounds magazine.
The new Laibach album is called ‘Wir Sind Das Volk’ ( We Are The People) and according to journalist Mat Smith is ‘ultimately a treatise on what it is-and what it was- to be German. It alternates between sober reflection and anger, before unflinchingly settling its all-encompassing gaze on the treatment of Germany’s Auslander- the minorities, outsiders, foreigners and others who do not conform to a cruelly idealised national identity.
Central to this is the notion of das Volk (the people), an expression that was inverted during the Third Reich from a folkloric, universal concept to one of nationalist power. Although restored as a unifying salve on the demolition of the Berlin Wall, it seems to have been co-opted by the right wing again now.”
Sound familiar?
Signed copy of Native Shore arrived this morning!
Can’t wait to read it but I have to finish The Histories of Heroditus first!
Isn’t he still cold shouldered?
why are the media not linking Skintco with spending some of the fantasy millions they made.
Whatever happened to that supposed financial cold shoulder that King got??? Seems to have had little or no impact from what I see.
Does the ‘Cold Shoulder’ not apply any more?
Is he not barred?
The questions I would ask are how are club 1872 able to afford to buy King out ? Is King willing to transfer his shares on a buy now pay later deal ? If club 1872 are already probably entitled to at least one board member with their current holding why isn’t King who is still the largest individual holder ?
Also, what does King gain from being on the board if his financial stake in Rangers is now reduced? He must have some aim besides being a pain. Wasn’t King ‘cold shouldered’? Does this only cause problens if he is in a formal role rather than being just a board member?