Former Rangers director Dave King is set to fly into Glasgow on Friday in a bid to initiate a change of direction in the Ibrox boardroom.
The South Africa-based businessman has been involved in a war of words with the current Rangers board and has looked to set off a fan-based revolt by urging supporters to withhold season-ticket money for the 2014/15 season until changes were made at the club.
“I arrive in London on Wednesday,” King told The Daily Mail. “Glasgow depends on my final London schedule – but should be on Friday.” King added that “a lot is possible... depending on the resolve of the fans.”
The influential Union of Fans coalition has backed King, who will jet in to London to meet investors in the club before he travels to Glasgow for his appointment with the Ibrox board. He will then meet supporters and Union of Fans members to discuss a way forward for Rangers.
King, originally from Glasgow, invested £20million in the club before it was consigned to liquidation in June 2012. Last week King made a plea to fans to put off buying season tickets as a result of confirmation that the club had accepted £1.5million in loans from shareholders Sandy Easdale and Laxey Partners.
Easdale is taking no interest on his £500,000, but hedge fund Laxey Partners stand to make a £150,000 profit out of the deal
Many Rangers supporters are keen to hear King’s proposals with a view to initiating a change in the boardroom.
Union of Fans spokesman Chris Graham said: “I’m delighted that Dave King is sticking to the timescale he indicated. This is precisely what he said he was going to do. He indicated before that he is going to go to institutional investors, which I think is the right thing to do.
“He has to treat them with the respect they deserve, given the money they have invested in the club.
“We are looking forward to meeting with him later this week and moving our plans forward.”
Rangers chairman, David Somers, in an open letter to King, said the South Africa-based businessman’s “statements and innuendos are very damaging to the club”, before inviting him to explain his allegations against the Ibrox board in more detail as soon as possible.
King has accused the board of leading Rangers down a path that would leave them incapable of challenging Celtic for another decade. King has also hinted that the maligned former chairman Charles Green could still be the man behind decisions at boardroom level.
King said the £1.5million loan deal was “a transaction that makes no business sense” and that Green is still in “de facto control of the club”. Both statements seem to have gained support from fan groups, support that the current board has thus far been unable to attain.