Ibrox Stadium

Next Game

Rangers v St Mirren

Friday, 07 August 2015, 19:45

Scots Champ

Ibrox Stadium

Last Game

Rangers 3 - 0 Peterhead

Sunday, 02 August 2015, 15:00

Scot League Cup First Round

Somers hits back at King

Rangers Chairman David Somers has reacted angrily to comments from former director Dave King suggesting the club's board should be investigated by the police.

Last Updated: 29/04/14 at 07:37 Post Comment

David Somers: Angry response to Dave King's comments

David Somers: Angry response to Dave King's comments

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Police Scotland have confirmed they will investigate a complaint from a Rangers shareholder that Chief Executive Graham Wallace made misleading statements about the club's finances at December's AGM that may be in contravention of the Companies Act.

Wallace released his business review of the Glasgow club on Friday but King reacted angrily to it and questioned the assertion that Rangers had enough finances in place to last the season.

"It is seriously wrong for this board to state in the review that at the time of the AGM the board, and the CEO in particular, believed that there was sufficient cash to last until the end of the current season," said King.

"It is beyond doubt that the CEO and other board members (were) aware last December that there was insufficient cash. The CEO is now subject to a criminal complaint, but I believe that his comments were made with the full knowledge of the board.

"Certainly no one came out to contradict him. We should therefore expect any criminal investigation to extend to other board members."

Somers has hit back, however, issuing a statement defending the conduct of the board.

"Graham Wallace is working tirelessly and doing an excellent job in leading the rebuild of our football club by creating a Rangers our fans can be proud of," read his statement.

"He will continue to develop the club's long-term future plan which will return us to the top of Scottish football and competing in Europe.

"Any suggestions of inappropriate behaviour by him in relation to his duties as Chief Executive Officer are odious and unfounded. They will be defended with full rigour, if a substantiated complaint is ever put to him or Rangers.

"The history and facts have been explained in both the Interim Statement and the Business Review summary.

"Any media reports to the contrary are based on rumour and gossip which is damaging to the football club.

"If Mr King wishes to engage in constructive dialogue, then the door remains open. Regrettably however, he continues to make fictitious, inaccurate and misleading comments which are very unhelpful."

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

G

ood lord that's got me unnecessarily excited. Damn you Storey. Cut to Liverpool being crushed under the wheels of Sparky's Stoke Machine and Firmino brought off the bench to no effect. It's the hope that kills you.

suarez_blind
Roberto Firmino: Steel To Complement The Silk

N

o Schweini? Have to admit that I did a little sex wee when we signed him and I can't wait to see him in action!!!

spence
F365's Top Ten Players We Can't Wait To Watch

I

think he'll do quite well. My only reservation would be Kagawa, who had similar stats to Firmino in the bundesliga before he came, but time will tell.

GVMUFC
Roberto Firmino: Steel To Complement The Silk

Footer 365

Manchester City agree £14m fee with Roma for Edin Dzeko

Sky sources understand Manchester City have agreed a £14m fee with Roma for striker Edin Dzeko.

Angel Di Maria is 'very happy' to join PSG from Manchester United

Angel Di Maria's move to PSG from Manchester United looks set to go through after he expressed happiness at the deal.

Liverpool's Jordon Ibe says he needs more end product

Liverpool winger Jordon Ibe says he must be looking contribute a goal or assist in every game he plays.

Mail Box

Louis Van Gaal Only Wants Football Robots

Louis van Gaal only wants players who are human robots, apparently. It's a great Mailbox, with thoughts on Chelsea, Audi Cup, Fabregas, Lingard and Joe Gomez...

Is Jack Wilshere The New Diaby?

This was supposed to be his season but he is already injured. We have mails on Chelsea, TV football, why Raheem Sterling is worth more than ADM and more...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company