The shyster board of Rangers are now prepared to lie to its shareholders. They are fabricating scenarios to rescind the voting rights of those opposed to their underfunded hostile takeover. The shyster board issued a statement stating an SFA rationale to rescind the voting rights of Mike Ashley. When tested in the Court of Session, an interim interdict was granted to preclude this illegal resolution being presented to the shareholders.
As I have stated in a number of articles, if resolution 10 was granted by a 75% majority, a career criminal could allot shares to his heart’s content, rewarding himself and those he approved of, while simultaneously diluting the voting rights of others. It was remiss of the board not to mention that should this resolution be passed by 75% of those who choose to vote, they must give MASH 21 days notice of any share allotment during which period an injunction will be raised.
But frankly what did we expect from the Glib and Shameless liar? Did we expect him for the first time in a career of corporate malfeasance to play with a straight bat? King was summoned to the SPFL yesterday. Doncaster read him the riot act. If he and his shyster board continued to avoid paying the £250,000 fine and the costs of the ‘independent’ commission, Doncaster would not be able to defend against the clamour for title stripping. Furthermore, King’s part in the tax evasion, as a non-executive director during the EBT years, would be subject to public scrutiny. Doncaster knows that there will be no last minute appeal to the Supreme Court. This ball will not be kicked into the long grass. King left Hampden with a flea in his ear and an invoice for £400,000. When challenged by Richard Wilson of the BBC, who would have been tipped off by the media-savvy Doncaster, King came up with the ‘cosy chat’ fence as he removed his tie to secrete it in his pocket. By calling Wilson, Doncaster issued a tacit threat to King.
At the AGM tomorrow, a man who we now know borrowed money to buy his shares and £1.5m to present another lie to shareholders of his personal investment, will incredibly be re-elected as our chairman.
His almost nine months tenure has been marked by absence, lies and his inability to maintain a listing for the equity of shareholders. He has openly lied to shareholders in regard to an investment of £30m when he does not have ZAR 30m (£1.38m) to his name. His fellow director, Paul Murray, at his behest, leaked confidential details of a commercial contract to The Daily Record, leading to injunctions being served on King, Murray and Gilligan, and circa £400,000 in litigation costs. King has given an interview to Sky Sports showing an inventory of wine that he misappropriated; this has now been returned to its rightful owners to preclude King being subject to arrest and three months imprisonment for a flagrant breach of his contempt of court conviction conditions.
King’s appointment has been so controversial that it will be challenged in The Court of Session in April, and as of 9th December he may be imprisoned due to failing to heed the conditions of a court injunction.
A man who has invested nothing and cost a minimum of £1m in litigation, will stand before those assembled at the Clyde Auditorium and ask them to trust him because he might have attended a few games at Ibrox when he was not hustling golfers at his local club.
Those jockeying for a position at the helm of the new group Rangers First CIC will be bending over backwards to support King. They cannot wait to exercise their new powers to give King a soft loan.
I look forward to these self-serving leaders of Rangers First CIC outlining their rationale for providing a soft loan to this career criminal and his shyster board. The illusion of a loan for equity has been shattered by a legal undertaking by the shyster board. If they had any common sense they would retain their funds to buy the club from administrators as this underfunded hostile takeover has run its course.