Dave King standing down at The Rangers - Memories Thread

[Springbank]

a wee thanks to Dave King for the best day of my footballing life, 21 May 2016

[Hibs4185]

Hopefully jumping before the boat sinks.

[kaimendhibs]

Hes probably lying

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[Bostonhibby]

Won the Petrofac so he's going out at the top.



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[FilipinoHibs]

Share issue in New Year. They need £11 million to see them to the end of this season.

Fans will lap it as best chance to stop 10 in a row.

[Springbank]

Won the Petrofac so he's going out at the top.



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Agreed. I can't think of any other reason he would want to stand down

[Alan62]

Check the details from their AGM ...

£35 million converted from soft loans to equity in the last 18 months!

£11.3 million loss in the financial year.

£10 million needed to finish this season with any shortfall being met by King's family trust.

King says The Rangers have 'emerged from the crisis' he and his cronies inherited in 2015.

Their AGM gives him a standing ovation.

Unbelievable.

[Jim44]

A vile person. I’m glad he’s out of Scottish Football.

[Alan62]

A vile person. I’m glad he’s out of Scottish Football.

He isn't yet. And he'll have 'skin in the game' for some time to come.

[duffers]

Check the details from their AGM ...

£35 million converted from soft loans to equity in the last 18 months!

£11.3 million loss in the financial year.

£10 million needed to finish this season with any shortfall being met by King's family trust.

King says The Rangers have 'emerged from the crisis' he and his cronies inherited in 2015.

Their AGM gives him a standing ovation.

Unbelievable.

Did there accounts include the purchase of Ryan Kent?

[Springbank]

Did there accounts include the purchase of Ryan Kent?

AFAIK the accounts did not include the signing of Kent

[FilipinoHibs]

AFAIK the accounts did not include the signing of Kent

Yes accounts to 30 June. Kent signed on 22 July.

[Alan62]

AFAIK the accounts did not include the signing of Kent

Even better.

Spectacular amounts of money. Almost up there with Romanov's Jambos.

[jacomo]

Check the details from their AGM ...

£35 million converted from soft loans to equity in the last 18 months!

£11.3 million loss in the financial year.

£10 million needed to finish this season with any shortfall being met by King's family trust.

King says The Rangers have 'emerged from the crisis' he and his cronies inherited in 2015.

Their AGM gives him a standing ovation.

Unbelievable.


Is he going to leave and then make another return next year, blaming the incumbent board for not having the best interests of his beloved zombies at heart?

[Rumble de Thump]

Yes accounts to 30 June. Kent signed on 22 July.

Kent signed September 3

[Alan62]

Maybe they're feeling the heat from the cold shoulder and he's going to pretend to walk away while going nowhere and just pulling the strings from the background. Possibly a tactic to get them access to cash that isn't immediately converted into red, white and blue confetti.

[Springbank]

I keep in mind that this season & next season are likely to be huge chances for a Scottish Cup win for someone outside the Old Firm.

If you look at 1997 (Kille v Falkirk Final) and 1998 (won't go into detail but a nonOF winner) the 9IAR and potential 10iar seasons, when the 2 glasgow clubs were so tightly close at the top of the table, sees the League become the absolute be all and end all in the Weege.

The cup becomes "who cares" until the semis for the Celtic & Rangers supports.

So a nice wee outside chance that we'll win 2 Scottish Cups this decadebefore The Rangers have even won one...

[Deansy]

When he took over didn't he say that his job was simple 'to restore rangers to the top of the table' ? - no great shock that he isn't a 'man' (knuckle-scraper) of his word !

Nothing but a vile and divisive cheat - all the 'qualities' that are Hun through and through !

[JeMeSouviens]

£10 million needed to finish the season plus whatever damages get awarded to Mike Ashley/Sports Direct (New Huns have already lost the case but we await the bill).

That and his cold shouldering probably indicates the rest of the board have had enough of him at last.

[HoboHarry]

£10 million needed to finish the season plus whatever damages get awarded to Mike Ashley/Sports Direct (New Huns have already lost the case but we await the bill).

That and his cold shouldering probably indicates the rest of the board have had enough of him at last.
With any luck he's done walking away before the January judgement. I wonder if he already knows what the figure is likely to be and knows it's un-payable. Oh that would be very nice lol......

[cabbageandribs1875]

i thought they were getting a wad back from Hector :confused:

https://i.pinimg.com/originals/b8/d0/3b/b8d03b10d44de37bb1c94c9a9816c47a.jpg

[HoboHarry]

i thought they were getting a wad back from Hector :confused:

https://i.pinimg.com/originals/b8/d0/3b/b8d03b10d44de37bb1c94c9a9816c47a.jpg
Aye right, all they got from Hector was a skelped erchie......

[jacomo]

i thought they were getting a wad back from Hector :confused:

https://i.pinimg.com/originals/b8/d0/3b/b8d03b10d44de37bb1c94c9a9816c47a.jpg


Yeah Oldco being resurrected and HMRC to provide the new old club with a £50m warchest... if you believe the usual suspects.

Back on planet reality, HMRC seem to have dropped some claims against Oldco but the company was teetering even without the tax cases. If they could have survived long enough to see out the process they would have done.

[JimBHibees]

i thought they were getting a wad back from Hector :confused:

https://i.pinimg.com/originals/b8/d0/3b/b8d03b10d44de37bb1c94c9a9816c47a.jpg

Pretty sure whatever was being reported was shot down quickly by hmrc. Not sure if the DR reported that. 😄

[HoboHarry]

Yeah Oldco being resurrected and HMRC to provide the new old club with a £50m warchest... if you believe the usual suspects.

Back on planet reality, HMRC seem to have dropped some claims against Oldco but the company was teetering even without the tax cases. If they could have survived long enough to see out the process they would have done.
Correct - they stopped trying since there was no realistic possibility of getting the money owed. The concept that Sevco are due a sum of money is nonsense....

[hibbymac]

Hes probably lying

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Would that make him The Lying King ?? :duck:

[Hibernia&Alba]

A Hun I know said last week he was stepping down and big money was being put into Rangers from Hong Kong. Perhaps she was right.

[hughio]

Would that make him The Lying King ?? :duck:

That's quite a good one...but I'm not saying hes a liar.No no.

I say his full statement is a classic piece of CANT.

Burdened by "duty"; "more time with family";blah blah.

He made a complete a*se of his tenure.Hopes of making dosh never realised.Running for cover before another shi*storm erupts.

And yes thanks for 21/5/16:aok:

[HoboHarry]

A Hun I know said last week he was stepping down and big money was being put into Rangers from Hong Kong. Perhaps she was right.
It's going to take big money to clear the losses/pending court judgments alone. I hope they go down with all engines on fire. My worry is that MA rides in to the rescue, he can get a better return on Sevco than he will at NUFC........

[Stuart93]

A Hun I know said last week he was stepping down and big money was being put into Rangers from Hong Kong. Perhaps she was right.

Heard this as well.

Guy on the board, potentially also from Hong Kong, might be stepping in DK’s place

[Ozyhibby]

Check the details from their AGM ...

£35 million converted from soft loans to equity in the last 18 months!

£11.3 million loss in the financial year.

£10 million needed to finish this season with any shortfall being met by King's family trust.

King says The Rangers have 'emerged from the crisis' he and his cronies inherited in 2015.

Their AGM gives him a standing ovation.

Unbelievable.

The King family trust have not committed to providing that funding. It was a non promise promise.


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[Stokesy's on fire]

The Rangers fans seem to think he is some sort of legend :lolrangers:

[Hibernia&Alba]

The Rangers fans seem to think he is some sort of legend :lolrangers:

Of course they do: he's also been convicted of tax evasion numerous times.

[ballengeich]

Maybe King's moving into politics. He has all the moral principles needed by a Prime Minister.

[Bostonhibby]

Of course they do: he's also been convicted of tax evasion numerous times.And he may well have blown £50m + quicker than the previous shower who were running the now defunct Glasgow rangers.

Legend in my eyes. Didn't he okay some sort of party at Ibrox after the 2016 cup final as well?

All round good egg, not a "glib and shameless liar" at all.

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[Springbank]

And he may well have blown £50m + quicker than the previous shower who were running the now defunct Glasgow rangers.

Legend in my eyes. Didn't he okay some sort of party at Ibrox after the 2016 cup final as well?

All round good egg, not a "glib and shameless liar" at all.

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Yes he did - but the one on Leith Walk & Leith Links the following day was better (IMHO) :greengrin

[ballengeich]

Note today's winner in the 1:20 at Sedgefield

https://www.bbc.co.uk/sport/horse-racing/race/EHRP914224

[Spike Mandela]

Heard this as well.

Guy on the board, potentially also from Hong Kong, might be stepping in DK’s place

Every Rangers supporter I have spoke to in the last few years has alluded to big money coming in by way of investment. Qatar, America, Hong Kong.........I’ve heard them all.

[Hibernia&Alba]

Note today's winner in the 1:20 at Sedgefield

https://www.bbc.co.uk/sport/horse-racing/race/EHRP914224

:hilarious

[Hibernia&Alba]

Every Rangers supporter I have spoke to in the last few years has alluded to big money coming in by way of investment. Qatar, America, Hong Kong.........I’ve heard them all.

With King stepping down, there could be something in it. There must be somebody who will take over.

[HoboHarry]

With King stepping down, there could be something in it. There must be somebody who take will over.
Will need to be someone willing to give up millions just to get them back on a even keel, far less move forward. My guess (and hope) is that he's bolted before a financial s***storm hits in January.

[Ozyhibby]

With King stepping down, there could be something in it. There must be somebody who take will over.

I remember folk saying that in 2011. Football always attracts fools willing to lose money so there is a chance but it needs to be soon for them.


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[Spike Mandela]

With King stepping down, there could be something in it. There must be somebody who will take over.

I would imagine it is more to do with his ‘could shoulder’ and plethora of court cases.

[WestCoastHibby]

He’s got an eye for a player/ or is he looking for his bus??

[Alan62]

The King family trust have not committed to providing that funding. It was a non promise promise.


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Excellent. The papers reporting non-promises as promises as usual.

[SeanWilson]

Will need to be someone willing to give up millions just to get them back on a even keel, far less move forward. My guess (and hope) is that he's bolted before a financial s***storm hits in January.

As much as i despise everything about rangers. As a club with the fanatic fanbase and infrastructure they have, in terms of football clubs, they wouldn't be the worst investment for a crazy rich person who wants a football club...

[JeMeSouviens]

As much as i despise everything about rangers. As a club with the fanatic fanbase and infrastructure they have, in terms of football clubs, they wouldn't be the worst investment for a crazy rich person who wants a football club...

The brand and assets were available for practically nothing in 2012 and nobody went for it except a bunch of shady crooks looking to make a quick buck. Since then nobody has put in any money except die hard Huns desperate to stop Celtc's 10iar. They are spending way beyond their means trying to catch up. With any luck it will all end in tears.

[WhileTheChief..]

I remember folk saying that in 2011. Football always attracts fools willing to lose money so there is a chance but it needs to be soon for them.


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Julian Wolhardt - Danish dude that bought Mike Ashley's shares. Apparently a lot of investment coming from Hong Kong / China in the summer.

[Hibernia&Alba]

Julian Wolhardt - Danish dude that bought Mike Ashley's shares. Apparently a lot of investment coming from Hong Kong / China in the summer.

That would be bad news for the rest of us, should it happen.

[Deansy]

The Rangers fans seem to think he is some sort of legend :lolrangers:

Please bear in mind the collective IQ over there - 'walking upright' is still looked upon as a relatively new phenomenon !

[Captain Trips]

And he may well have blown £50m + quicker than the previous shower who were running the now defunct Glasgow rangers.

Legend in my eyes. Didn't he okay some sort of party at Ibrox after the 2016 cup final as well?

All round good egg, not a "glib and shameless liar" at all.

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Yes, here is some footage from it.......

https://ak.picdn.net/offset/photos/5acfa0bd17fb156e4807e2cb/medium/offset_688865.jpg

[Bostonhibby]

Yes, here is some footage from it.......

https://ak.picdn.net/offset/photos/5acfa0bd17fb156e4807e2cb/medium/offset_688865.jpgIs that Halliday standing there savouring the moment?

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[Since452]

Medals Dave

[Jack Hackett]

i thought they were getting a wad back from Hector :confused:

https://i.pinimg.com/originals/b8/d0/3b/b8d03b10d44de37bb1c94c9a9816c47a.jpg

I believe you actually have to give Hector a wad before he considers giving you some back.

[JeMeSouviens]

I believe you actually have to give Hector a wad before he considers giving you some back.

You also have to be the same person that got wrongly taxed - not just similar looking to a dead guy that got wrongly taxed. :wink:

[HoboHarry]

You also have to be the same person that got wrongly taxed - not just similar looking to a dead guy that got wrongly taxed. :wink:
:top marksLaughed out loud at that one.....

[Jack Hackett]

You also have to be the same person that got wrongly taxed - not just similar looking to a dead guy that got wrongly taxed. :wink:

BOOM!

:greengrin

[Keith_M]

I would imagine it is more to do with his ‘could shoulder’ and plethora of court cases.


Probably.

I wouldn't bet against him still hanging around behind the scenes.

[HoboHarry]

Probably.

I wouldn't bet against him still hanging around behind the scenes.
That's a certainty. He has a huge number of shares (isn't he the largest shareholder?) and despite what some of those imbeciles over there think, King won't walk away from his money.

[Bostonhibby]

That's a certainty. He has a huge number of shares (isn't he the largest shareholder?) and despite what some of those imbeciles over there think, King won't walk away from his money.Unlike followers of the now defunct Glasgow rangers he won't do walking away.

Maybe wee wullie blue nose could knock up a tune for him?

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[ancient hibee]

As much as i despise everything about rangers. As a club with the fanatic fanbase and infrastructure they have, in terms of football clubs, they wouldn't be the worst investment for a crazy rich person who wants a football club...
The easy way to make a small fortune from football? Put in a large fortune.