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Rangers director fears worst at Ibrox

Rangers director Dave King is concerned at the lack of options for the Ibrox club claiming they are a financial opportunity only for asset strippers.

King was in Scotland on Monday for a series of key meetings, where the future of the new Rangers will be discussed.

His view is that a Walter Smith-headed consortium is the best route for the club. Smith met with the current owners in a preliminary meeting on Sunday, through an intermediary.

“I would think so (that the Smith consortium is the best option) because my understanding from (new chief executive) Mr (Charles) Green is that he sees this as being a financial opportunity,” King told BBC Sport.

“I really don’t believe Rangers represents a financial opportunity for anyone other than an asset stripper.

“There is only one way forward for the club and that is that the club needs a level of funds which is way beyond the ability of the fans to support it with season tickets.

“There is a structured financial deficit and unless the club gets access to funders who are willing to put money in on a non-commercial basis, I think for at least three years, then I don’t think the club will go forward,” he said.

While King does not expect Green to last at Ibrox, he has pledged his full support, should he provide the capital needed.

King claimed that he had requested a meeting with Green while he was in Glasgow, but was unsure whether or not it would happen.

“If Mr Green does come up with the money, then I’ll be one of the first to support him,” King said.

“I think what we do have to avoid is another situation where essentially someone has come in and acquired the club and is going to use the fans’ money.”

King will, however, hold talks with the Walter Smith consortium, although he has not committed his own money to the cause.

“I’m able to do it (commit money), it’s just a case of making sure what makes most sense for the club,” he added.

“If I believe the right plan is put in place, that I think best meets the needs of the club going forward, then it’s certainly something I would consider and am capable of doing.”

Mon 18 June, 2012
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