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Douglas Park and Rangers board to be rocked after news on Dave King shares this week
Former Rangers Chairman Dave King may have caused a stir among the Ibrox board after it was revealed that he remains open to selling his 14% shareholding.
According to BBC News, King is willing to listen to offers for his shares, which could undoubtedly reshuffle the board given his current strength.
That includes unsettling Rangers Chairman Douglas Park, who does not want to sell his stake. King voted against the re-election of Park at the most recent Rangers AGM.
The news comes after US-based businesswoman Kyle Fox, head of KRF Capital, withdrew her offer to buy a controlling stake in the Scottish Premiership club.
Her wishes to take over the club were met with firm resistance from several key shareholders, including Park, who has no intention of selling his stake.
Fox noted that conditions such as gaining anti-dilution rights protection, two board seats and access to the data room and management interviews were not met.
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What next?
It’s an unwelcome distraction for the club, with supporters wanting those pulling the strings behind the scenes to be united in pulling Rangers in the right direction.
The Gers have been riddled with such distractions in recent years, and the current predicament highlights just how uncertain things are among the upper echelons.
Michael Beale’s side currently sits nine points behind leaders Celtic in the Scottish Premiership table, with the Bhoys seemingly stress-free ahead of the last few months of the season.
Along with potential boardroom changes, Beale’s position as manager has also been discussed in recent weeks, with the club having lost the League Cup final to rivals Celtic.
While she has withdrawn her offer completely, Fox remains open to the possibility of future talks, no doubt providing more off-pitch drama for Rangers fans in the months and/or years to come.
Amid the boardroom scuffles, a crucial period of the campaign awaits the Light Blues.
In other Rangers news, the SPFL will hold talks with Police Scotland before setting a date for the final Scottish Premiership clash between the Gers and Celtic.