On Monday, Dave King removed the final legal hurdle blocking him from taking up a role on the Board of Director’s at Rangers.
At a Court of session hearing on the morning, Lord Woolman granted his application to be named as a Director of the club and take up his role on the board following the previous General Meeting.
Speaking to the Official Site with the decision known, King was obviously delighted with the outcome and explained.
‘I am delighted that at a Court of Session hearing this morning before Lord Woolman my application to become a Director of Rangers International Football Club PLC was granted. Today’s decision has removed the final legal hurdle for me to take up my role on the Board following the overwhelming mandate at the General Meeting.’
King went on to say that the previous board in place had raised a legal provision that stated he needed to acquire a Court sanction to take up the role because of his previous involvement in the Oldco within 12 months of its liquidation and the fact that ‘Rangers’ was included in both company names.
‘A Court would not grant leave to an applicant unless it is satisfied that the circumstances warrant such approval. Any affected party, eg the liquidator or an aggrieved creditor of the previous company, has the right to be heard at such a hearing. The liquidation of Rangers Oldco and the formation of Rangers Newco were not conducted clandestinely but in the full glare of publicity. However, being aware of the provision I sought leave of the Court to accept my Board appointment.’
King goes on to say that hopefully the endorsement of the Court would also hold sway with comforting the SFA when it comes to his passing of the ‘fit and proper’ test which is still being awaited.
‘All Rangers supporters have suffered from the failure of full and proper corporate governance over the last 4 years. I am anxious to play my part in ensuring that this is comprehensively remedied for present and future generations of Rangers supporters. I have fully co-operated with the SFA over the last few weeks and thank them for the care and attention with which they have undertaken this task. I must be the most scrutinised candidate in Scottish football history but accept this as being preferable to the lack of scrutiny that has been the case in Rangers recent past – and possibly other clubs. I hope that matters can be swiftly concluded now that, with the permission of the Court, I can take up my role as a Director of RIFC.’
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