Charles Green and Rangers' administrators, Duff and Phelps, have hit back at Ibrox director Dave King who has urged fans to reject the Company Voluntary Arrangement (CVA) which is hoped will save the Govan club from liquidation.
South Africa-based King, the second largest shareholder at Rangers, has also called on Gers fans not to renew their season tickets until Green, who is leading the consortium in place to take over Rangers, reveals the details of his plans. Green's group has pledged £8.5million to the creditors who will be able to vote on the CVA next Thursday.
The former Sheffield United chief executive retaliated to King's statement, labelling it "scurrilous and scaremongering". He said: "Mr King's statement is breathtaking in its arrogance and is destructive to the interests of the club."
He added: "My consortium tabled an offer, which was accepted by the administrators as the best offer for the club and its creditors and substantial sums of money have already been paid to the administrators.
"Provision has been made for working capital that does not rely on season ticket sales any more than would be part of normal operations at the club. To suggest otherwise is scurrilous and scaremongering.
"I would question Mr King's motives in urging the rejection of the CVA proposal which is the best offer available to creditors, particularly since he made no mention of this or any other issue when I spoke to him on the phone in South Africa last Friday."
Paul Clark, from Duff and Phelps, was equally condemnatory as he also responded to various allegations made by King.
He said: "I find Mr King's remarks disappointing and misleading. As he should know more than most, all shareholders, as well as creditors, have received access to the CVA proposals and all relevant information has been made public on the Rangers website.
"Mr King should also know, that immediately after the conclusion of next week's creditors meeting, a shareholders meeting will be convened.
"Mr Green, as the new legal owner of Mr Whyte's shares, will vote in favour of the approval of the CVA should that be the outcome of the creditors meeting."
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Think i'll go down the pub for a liquid lunch mmmm
how dull and boring this Rangers stuff is. I have supported the team for years but if we can't get the ingredients right, turn back the clock, and lets begin again in Division 3. s
king better go and chase Sir David,he's got yer money son!
that's the backstabbing & infighting started & he's not even in the door yet,roll on more circus activites from the WEE POOR govan outfit(soon to be defunct) just can't get enough
hahahaha....KEEP TRYING TO CONVINCE URSELF....simply the best ....better than awe the rest....haahaahaa....DON'T FIGHT IT, IT'LL ONLY GEE YOU MARE PAIN....let your love flow for the MAJESTICALLY GLORIOUS GLASGOW RANGERS......Haahaahaa;)
MR MAGOO....i'll let u into a wee secret.....AM KNOW MCKEEN, GNOME OR HANDSOME ARTHUR....so if YOU can get that wrong....mibees YOU can be wrong with YOUR JUDGEMENT OF THE GLORIOUS GLASGOW RANGERS .....see..we awe make MISTAKES.but don't let it GET YOU DOON....;);)
Cooper [McKeen], You've got as much 'charisma' as the stuff ye scrape aff yer shoe!
'Simple and Bust' McKeen! 'Simple and Bust'!
Simply the BEST!!!!!!!!!!;);)
As I said many months back, "The dogs will be eaten by dogs"! Only Paul Murray and Brian Kennedy seemed to have any credibility! All the rest seem to be vultures squabbling over the scraps as they pick at the bones of Rangers FC.!
TOM...pal...JUST CAN'T HELP THEMSELVES....down to our CHARISMA...a suppose..:):):):)god love em!!!!!!!
thought theyd be on their own site finding out what went on with lennon and thompson.
And they think its all over,well it soon will be.This is not the end of Rancers,it is not the beginning of the end for Rancers,IT is the End of Rancids FC.
Looks like Diddle and Phiddle have only a couple of more weeks to feast on the dripping roast,formerly known as Rancids FC.
It seems that HMRC announcing the liquidators when the CVA fails,has put an almighty spanner in the works for transferring the assets to a newco,LOL.The liquidators will now sell off the assets to the highest bidder for the benefit of all creditors.Fire SALE starting soon down Ibrokes way. :):):) SPLENDID. :)
So Mr (Loan Shark) Green and Fudd & Whelps (aka Ticketus) have both attacked Dave King's comments as ''scurrilous and scaremongering''. Yet they still offer no clarity to their intentions with what they will do with RFC to back up such attack....In other words they have enough hot air in them to fly a Zeppelin.
moar.........MOAR............NAOW !
LOL,it just keeps getting better and better,King put in £20 million and Greenybhoy hast even spent tuppence yet.I cant wait to see the liquidators kicking Diddle and Phiddle into the street.
Looks like panto season is back on again! Rangers will be playing at the Pavilion next season at this rate.
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