Dave King wins control of Rangers

Dave King has claimed he has control of Rangers football team.

King called for this week’s EGM to be cancelled after being told he had won a ‘landslide victory’ in his bid to take control of Rangers.

Following talks with Ibrox chief executive Derek Llambias, King claimed he had won enough votes to oust the current board which consists solely of Llambias and Barry Leach, following the resignation of chairman David Somers on Monday.


Dave King claims to have power over Rangers


However, the South Africa-based businessman says the remaining duo, who are asssociates of Newcastle owner and Rangers shareholder Mike Ashley, have refused to quit their posts ahead of the proposed shareholder vote on Friday.

Llambias and finance director Leach have no intention of resigning, as had been reported on Monday after Somers walked away from Ibrox, and are looking to discuss their exit packages.

Their stance means King’s call for the EGM to be cancelled will prove futile with the meeting going ahead as planned at Ibrox at considerable cost to the Scottish Championship club.

In a statement, King said: “All of the Rangers directors that are subject to my requisition have now accepted that my resolutions have been successful and there is now no need for the general meeting to proceed.

“Mr Llambias put it best by advising me that I had achieved a ‘landslide victory’. I wish to thank all shareholders, and particularly the fans, for this resounding success. The future now looks more recognisable for all Rangers stakeholders.

“James Easdale and David Somers did the right thing by resigning however the two appointees of Mr Ashley have stubbornly refused to resign and are using their current position (as remaining directors) to withhold implementation of
the resolutions for personal gain.

“Now that the incoming board and I can focus on the future I will issue a further press statement outlining the immediate and intermediate steps that we have to take as we commence the road to re-establishing Rangers to the institution that its legacy demands.”

King, a director of oldco Rangers, will now take over the running of the club and replace the current board with himself, Paul Murray, like King a director of the oldco which was consigned to liquidation in the summer of 2012, and former brewery boss John Gilligan.