Dave King & The Art of Sophistry

The following information, in blue italics typeface, has not been edited or amended in any way. It is an accurate and faithful representation of information that can be readily gleaned from the Investor Centre Section of The Rangers website. I have highlighted the key takeaway in red typeface.

 

Rangers has an issued share capital of 81,478,201 ordinary shares of 1 pence each in the capital of the Company (“Ordinary Shares”).

Major Shareholding (3% or above):

The Company understands that its major shareholders are as follows:

Shareholder No of Ordinary Shares held % of issued share capital
New Oasis Asset Limited 11,869,505 14.57%
Club 1872 Shares CIC 8,732,254 10.71%
George Alexander Taylor 7,575,000 9.30%
Alexander Easdale 5,256,110 6.45%
Douglas Park 5,000,000 6.14%
Julian Wolhardt 3,632,500 4.45%
River and Mercantile Asset Management LLP 3,523,059 4.32%
George Letham 3,299,515 4.05%
The Ordinary Shares are freely transferable and no Ordinary Shares are held in treasury.

Currently 8,500,000 of the Company’s Ordinary Shares (c. 10.4%) are subject to restrictions affecting the right to vote the affected shares, the right to receive payments or distributions in respect of the affected shares and the right to transfer the affected shares. The affected shares are those identified in the attached Shareholder Information.

Director shareholding interests are as follows:

Dave King has advised that he, his wife and children are interested in all of the shares held by New Oasis Asset Limited (see above for details of that company’s holding)

John Bennett holds 50,000 ordinary shares

Paul Murray holds 570,000 ordinary shares (560,000 of this via his SIPP)”

Despite the clever wording, it clearly states that Dave King has an interest in NOAL. We also note that Dave King’s interest in NOAL was used to call an EGM to gain control and oust the former board. We further note that NOAL have loaned £2.8m to RIFC in which Dave King is Chairman.

As this information is in the public domain, how can King have the audacity to claim that NOAL is an independent company in which he has no executive authority?

However of much more import is whether counsel representing King have misrepresented the facts in his submissions to Lord Bannatyne.

King’s consigliere: Baron Davidson of Glen Clova.

Lord Davidson of Glen Clova also stated that King could not readily access any funds and that he was ‘Penniless.’

As I have stated before your humble author does not just lobby for change. He is proactive in pursuing change and righting injustice. The following letter has been sent by e-mail to the Practice Manager of Mr. Davidson’s chamber, Axiom Advocates.

Dear Ms. Flynn,

I am the creator, author and owner of an award-wining social media site : http://www.johnjamessite.com. I am also a shareholder in RIFC plc. One of your clients, Mr. David Cunningham King of Johannesburg is the self-appointed chairman of the aforementioned company.

One of your most eminent advocates, Lord Davidson of Glen Clova, has in the course of representing Mr. King, made a number of misrepresentation. By way of evidence I enclose an excerpt from the RIFC website which is in the public domain:

‘Director shareholding interests are as follows:

Dave King has advised that he, his wife and children are interested in all of the shares held by New Oasis Asset Limited (see above for details of that company’s holding)’

Our Learned Friend, Lord Davidson, asserted on the 13th October at The Court of Session that Mr King does not have ready access to funds, yet Mr King publicly proclaims that he has an interest in New Oasis Asset Limited, a company that has recently loaned £2.8m to the company in which he has appointed himself as chairman.

Lord Davidson claimed that Mr King does not have the wherewithal to set aside £11m in an escrow account to comply with the edicts of The Takeover Panel Executive. However Mr. King has this quantum and more from the recent sale of his company’s trading division.

Mr King has been described by a senior South African judge as a ‘Glib & Shameless Liar’ and has received a suspended prison sentence in another court as a consequence of his mendacity.

Would it be fair to conclude that Lord Davidson has engaged in sophistry?

I will copy Lord Bannatyne’s clerk of court, Lorraine McNamara, on this e-mail. One can but hope that our estimable Lord Ordinary will take a dim view of the fallacious assertions made by the former Advocate General of Scotland. I have also copied The Takeover Panel as should Lord Bannatyne not uphold their petition they may be minded to appeal.

Your sincerely,

John James

cc: lmcnamara@scotcourts.gov.uk;  supportgroup@thetakeoverpanel.org.uk

 

Should I receive a response from any party I will of course revert to my readers.

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27 thoughts on “Dave King & The Art of Sophistry”

  1. This is now like a John Le Carre novel. I think ultimately UEFA will have to step in because Scotland’s football authorities are clearly complicit in all of this sorry mess.

      1. If you go to the top, just to the right of ‪John James site you’ll see the small box with 4 horizontal lines. Click on that and it’ll become an “x” while it loads.
        When it does scroll right to the bottom and you’ll see a donate button.
        Click on that and follow instructions..easy

  2. Is it wise to write to the judge in the middle of a live case? Do you think he’s an idiot?

    All the judges in Scotland have the measure of King, a corrupt Police Scotland and Crown (who I believe have recently offered Duff and Phelps employee David Whitehouse and Paul Clarke a settlement in excess of £2,000,000 for dishonesty and bringing a completely fabricated prosecution against them).

    Duff’s employees have said they will accept the Crown’s offer but the stumbling block is that as well as a public apology they want Advocate Depute James Keegan fired and his colleague in revisionism and dishonesty DCI Jim Robertson fired too.) Police Scotland and the Crown are prevaricating on this last point as it will show how corrupt to the corevthey are and bring a whole host of other claims led by Charles Green. Very close to a settlement and all financial terms agreed. It won’t unfortunately go to court which would have really shown the depths of abuse of state power that happens on a daily basis with Police Scotland to the ordinary man trust me.

    The point that gets me is that if millionaires like David Whitehouse cannot get justice in Scotland what chance is there for the ordinary man? Westminster should seize control of Scottish Parliament and strip them of power as its more corrupt than a small African dictatorship with James Wolff, Lord Advocate, who has very close links to Rangers FC having represented them against Charles Green a few years ago.

    You should have maybe waited for a verdict then maybe gone to the Law Society with a complaint?

    1. Westminster does not care (and never did) how Scotland is run so long as she does what she is told when required. I suggest you read up on the history of the Dundas Ascendancy to inform yourself of how we have always been run since the Union.

      1. This is correct and the Scottish Controllers know it. Westminster doesn’t care so they have free rein.

        I’d like an MSP to ask the question how many former police officers work for the 32 Scottish local councils and in what capacities?

        Were they dismissed/ retired as a consequence of complaint? Are they now council bully boys in housing departments and higher?

        These guys have back door access through old pals to the police computers, police intelligence and they use it.

    2. The thing is that if they are indeed aware of all the facts, then where’s the harm on JJs part in replicating them ?

  3. Look forward to it JJ. Police Scotland and the COPFS are corrupt to the core. I cannot believe how little media coverage there has been on it. Its all there.

    http://www.scottishlegal.com/2016/10/20/abuse-of-state-power-inquiry-call-after-high-court-rules-rangers-raid-unlawful/#

    ‘Abuse of state power’ inquiry call after High Court rules Rangers raid ‘unlawful’

    Calls has been made for a Scottish government review after police and prosecutors were found by the High Court in London to have “abused state powers” to carry out an illegal raid while investigating the allegedly fraudulent takeover of Rangers football club.

    The seizure of company files linked to the administrator Duff & Phelps was “unlawful”, judges found, and involved sensitive papers not covered by their search warrant.

    Lord Justice Gross and Mr Justice Mitting at the High Court said costs must be paid to London law firm Holman Fenwick Willan after the court heard Police Scotland and the Lord Advocate seized privileged documents.

    The judges criticised Police Scotland and the Crown Office for the “heavy-handed” way in which officers seized papers and ordered them to pay costs.

    They ruled that the search warrant was of “excessive and unlawful width” and the raid could have been avoided if the firm had been “forewarned”.

    Police had “decided to proceed without giving notice to them”, the judges found.

    The ruling continues: “The search-and-seize operation was heavy handed and resulted in the seizure of both documents subject to legal professional privilege and irrelevant documents not covered by the warrant.”

    The judges concluded: “The actions of the defendants were an abuse of state power.”

    The Scottish Liberal Democrats now say the justice secretary should look into what happened “to understand why the events took place as they did which are very concerning to the general public”.

    The ruling was made after Holman Fenwick Willan sued over the seizure of documents by detectives investigating fraud allegations involving the Ibrox club and the administrators Duff & Phelps.

    It comes five months after prosecutors dropped charges against David Whitehouse, 51, and Paul Clark, 52, Duff & Phelps employees who were accused of conspiring to defraud the club’s creditors.

    Charges against their Duff & Phelps colleague David Grier, and lawyer Gary Withey have also been thrown out.

    The administrators were based at Ibrox stadium during the takeover that prompted criminal charges against Craig Whyte, 45, the former owner of Rangers.

    Mr Whyte is the only person charged in relation to his 2011 takeover and is expected to go on trial next year.

    A spokesman for the Crown Office said: “The Crown has taken careful note of the court’s decision. It has taken steps, and will continue to take steps, along with the police and other reporting agencies, to ensure that the appropriate lessons are learned.”

    A Police Scotland spokeswoman said: “We are aware of the court’s ruling and are working closely with the Crown Office and Procurator Fiscal Service in relation to this matter.”

  4. you`re doing a great job thankyou .hopefully there`ll be more moon howling after murrayfield today! xxxxxxxx630u at least it`ll get you a pint

    JJ: Cheers.

  5. Superb JJ as is Ayephone’s posts, perhaps the pot is about to bubble over. Look forward to your next article. Will donate on Tuesday. No doubt Sevco will be the same team but their club registration will be new so only a 10 point deduction.

    1. I was under the impression the standard deduction is now 15 points, as applied to Hearts in 2013.
      Also, that the 25 point rule only applies if a second insolvency event occurs within 5 years, so Lite and the football authorities will conveniently avoid having to have that difficult debate.
      Happy to be corrected if I’ve got this wrong.

      1. “Also, that the 25 point rule only applies if a second insolvency event occurs within 5 years”.

        Doesn’t the 5 years relate to the insolvency event ending? They might be required to show their ‘out of admin’ certificate. Oops!

        Will also depend on whether the 5 years relates to the club, the Club, the Company, or the directors. Oh what a tangled web.

      2. The five year rule between insolvency events applies hence the inconvenience of de facto answering the new club question on a TRFC insolvency is avoided.

  6. Adjectives like stunning and breathtaking are sometimes applied to fairly average fare but with regards to today’s article they are spot on. Keep shining the light and I’ll send additional contributions, when I am able to, towards the running of this magnificent site, and I hope that some who are ‘better-heeled’ than I am will step up and help out too. You deserve all the support you can get.
    Isn’t it funny tho’ how ALL the bills that are run up by already overpaid scumbags are footed by the tax payer in cases like this? Makes my fucking blood boil. And of course there are seldom prosecutions notwithstanding the fact that there are clearly guilty parties all over the place.
    And Scottish ‘Justice’ is esteemed and replicated world-wide. An absolute fucking joke.

  7. Sublimely crafted letter which will leave the recipients in no doubt that “we” are watching them. Excellent output over the last few weeks, your work travels far and wide. Hope you can manage to throw a snag on the barbie with this further donation from down under.

    On’ya mate!

    Ref *************043M

    JJ: Thank you.

  8. Excellent stuff JJ, as are some of the comments.

    Still can’t believe they are mainly getting away with all of this and only a few scapegoats will end up in the spotlight for all the goings on over at ibrokes since SB&L got involved.

    Keep up the excellent work.

    I will contribute as soon as I’m back in employment.

    MU

  9. The levels of corruption and spread you and other contributors are exposing are eye watering. One would have thought that with all the information in the public domain concerning the G&SL Chairman, anyone having anything to do with his businesses and personal affairs would carry out due diligence, and steer well clear.

  10. Some of the soft loans are due for repayment soon. Apparently they will not be renewed. Apparently there are no funds to repay them. Administration looms. Perhaps very soon.

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