Dave King announced he will become the next chairman of Rangers FC. Rumours of his return have been rife since Mathers and Stockbridge visited him in his home town of Johannesburg last week. Money has been pouring out of Rangers for the past year, Rangers accounts published last week, revealed a wopping £14 million annual loss. Rangers require urgent investment, with Rangers fans still furious at the clubs mismanagement over the past year, King is the clubs last resort. Stages 1,2, and 3 should have been easy, progressing through the leagues whilst saving money to facilitate an attack on the unsponsored top flight of Scottish football, when the time comes.
King has something in common with Rangers fans, he ploughed his own money into the club and got nothing back in return. David Murray financed the club through bank overdrafts, Charles Green borrowed money from friends/investors and Craig Whyte didn't have a pot to piss in. You don't amass a £300 million fortune without being a shrewd business operator. King's wealth and business accumane are the main impetus behind the scottish journalists (aka the prophets of doom) scaremongering tactics. Dave King is a threat to Peter Lawell's tight grip of the SFPL and SFA. They are scared because he is the first Rangers chairman with vast sums of money, something that no other individual or club has in Scotland. He proved with the outcome of his tax case against the South African government that he can play the political game, should he ever have to. Like a good chess player, King seems to see what the future holds. He predicted liquidation and Rangers current financial problems long before anyone else.
When King takes the throne we can only hope that with him in control, his Rangers predictions for the future are happy ones.
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