King cool over talk of admin

Former Rangers director Dave King has rubbished reports of impending administration at the Scottish League One club.

Last Updated: 03/03/14 at 14:57 Post Comment

Dave King (right) backs Rangers boss Ally McCoist (left)

Dave King (right) backs Rangers boss Ally McCoist (left)

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

The South Africa-based businessman, who invested £20m in the club before it was consigned to liquidation in June 2012, insists there is no truth in the rumours which swept through social networking sites over the weekend.

A number of high-profile bloggers claimed Rangers chief executive Graham Wallace was preparing an insolvency event, just over two years since oldco Rangers were put in administration on Valentine's Day 2012.

The club, currently closing in on the League One title, responded by claiming the rumours were 'completely false' and early indications in share trading in the club showed no sign of panic with the price up 50p to £30.50p at midday.

King, who has called on fans to withhold season-ticket money due before the end of the campaign, and place it in trust rather than hand it over to the club, said: "I don't believe that it is likely that the club will go into administration at the present time."

And King has thrown his weight behind manager Ally McCoist's decision to distance himself from the power struggle at the Ramsdens Cup finalists.

McCoist refused to be drawn on any financial issues at last week's press conference ahead of their 1-0 victory at East Fife - a win secured by an injury-time penalty from skipper Lee McCulloch.

"I believe that it is the manager's job to focus on team affairs and to stay away from the corporate activities that he has no influence over," he said.

"I have not had discussions with Ally on my recent statements and I don't believe that it would be appropriate for me to do so.

"Ally has always demonstrated his loyalty to the club and will, no doubt, continue to put the club ahead of any individual."

More of the games that matter

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

H

e doesn't need a caoch. He needs a bus. A bloody big one, that he can park across the goal line. And when he gets one, he can do us a favour and let us know where we can buy one from as well.

HarryBoulton
Rodgers: No defence coach

Y

ou are wrong Per, thats the right way the play. Its everyone elses' fault that it doesnt work.

delboy
Mertesacker urges style change

A

s it's panto season coming soon, let me be the first Oh yes you do

munchie
Rodgers: No defence coach

Footer 365

Sky sources: Mike Ashley proposes an emergency loan offer to Rangers

Sky Sports understands that Mike Ashley is proposing an emergency loan offer to Rangers.

Europa League: Everton investigating trouble in Lille before Thursday's match

Everton will work with Merseyside and French police to establish the facts about Thursday's crowd trouble in Lille.

Premier League: Tottenham to commemorate Bill Nicholson at Sunday's game against Newcastle

Tottenham will commemorate Bill Nicholson by bathing White Hart Lane in white when they face Newcastle on Sunday.

Mail Box

'Goals Like That Can Make You Pregnant'

Those being sniffy about Erik Lamela's rabona are given short shrift in the afternoon mailbox, where criticism of Brendan Rodgers is smashed out of the park...

Does David De Gea Need Competition?

It would certainly be a good idea to give Victor Valdes a contract, while we have more mails on Brendan Rodgers, Arsene Wenger, the rabona and mailbox gripes...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property