The City’s Watchdog has never encountered an apartheid opportunist like David Cunningham King. The clue is in his name. King has led them in a dashing white criminal all the way to the Inner House of The Court of Session. It’s time to pay the piper.
The next statement o’clock – I drew 9 p.m. on Friday evening in my local’s sweepstake – will be definitive. The feathers will fly at The Sevco Burlesque.
If King does not make an offer he will be in contempt of court. On the balance of probability he would receive a punitive fine and a three months prison sentence. The latter would be suspended for two to three years. Should he continue to ignore the TPE edict he would be subject to a custodial sentence.
The ornithologists in our midst might suggest that the King genus is a flighty bird which will indubitably migrate to south of The Limpopo. I would proffer that King is a bird who has been happily paddling with a gaggle of Scottish Lickspittles while blissfully unaware that The Exxon Valdez is heading towards him and despite what the mendacious Stewart Robertson would have you believe the effects of the spill will be devastating.
If King is sentenced in absentia his inability to sup from The Loving Cup and attend the supremacist bigotfest that is Forces Day will be the least of his worries. I exclusively revealed that one or more creditors is engaged in arrestment procedures. Shoud the Cold Shoulder kick in while King is still chairman of the holding group, The Sevco Project will come to a shuddering halt. RIFC/TRFC will be up to their knees in sweet light crude, if you will.
King has prepared himself for the worst by stepping down from the board at MicroMega. Is this the action of a man who intends to conform with the TPE/COS edicts?
The smart play would be to step down. Yuanker should pen a valedictory. King could contend that it was always his intention to give the club back to the fans and that his positive talks with Club 1872 will inexorably lead to a club of The People run by The People.
However the fly in his crude oil ointment is his NOAL loan for £6.7m which deems that King has a significant interest in the unraveling Sevco Burlesque.
I have it on good authority that the Easdales would bite King’s hands off if he offered 20p per share. Each and every corporate player would join the queue. Ally McCoist would put his one million penny shares on the table. The response would be overwhelming.
James Blair’s CIC – he exclusively owns the equity and provides the limited guarantee – is set up to buy, not sell, and will demur. The Gullibillies will continue to store their shares under the sink with their kitchen roll and marigolds.
However up to 40m shares will be in play. King could be facing an £8m bath. On the balance of probability he will leave Rangers in the detritus of his man-made disaster.
HMS Sevco will be cast adrift on an oil slick.