The 3 Stages Of Dave King – Investor... Saviour... Irrelevant

Lord Summerisle

Lord Summerisle

Administrator
Staff member
It's really quite simple.

Dave King first time around was great for Rangers.
King second time around played an absolutely pivotal role in saving Rangers; for that, I'm eternally grateful.

However, King's actions since stepping down haven't been in the club's best interests; that's his decision and, of course, his right.

I'd rather concentrate on the great work the likes of Douglas Park, John Bennett (and all of the other investors) are doing for the good of the club.

I wish King was still involved in a meaningful capacity for the good of the club, but he's not.
King is, therefore, yesterday's news.
Park is the man spending his considerable time, effort, and money on helping to deliver us a successful Rangers.

I don't want to go off on a tangent too much – but, frankly, I find it both ridiculous and disgraceful that Park is being criticised in other threads.
 
Lord Summerisle said:
It's really quite simple.

Dave King first time around was great for Rangers.
King second time around played an absolutely pivotal role in saving Rangers; for that, I'm eternally grateful.

However, King's actions since stepping down haven't been in the club's best interests; that's his decision and, of course, his right.

I'd rather concentrate on the great work the likes of Douglas Park, John Bennett (and all of the other investors) are doing for the good of the club.

I wish King was still involved in a meaningful capacity for the good of the club, but he's not.
King is, therefore, yesterday's news.
Park is the man spending his considerable time, effort, and money on helping to deliver us a successful Rangers.

I don't want to go off on a tangent too much – but, frankly, I find it both ridiculous and disgraceful that Park is being criticised in other threads.
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It's Graeme rather than Douglas Park that seems to be the issue.
I honestly cannot see Dave King being involved in anything that is harmful to the club.
 
All I know from outside looking in, is Dave Kings actions since stepping aside is Celtic Porn.
 
The Gooner said:
I don’t think anyone really knows what goes on behind the scenes with these guys and I prefer to think of them both as legends. They don’t have to like one another and I don’t feel the need to take sides.
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Spot on.

This and a post on another thread pointing out that all shareholders, including King, should be able to use their democratic vote pretty much sums it up for me.
 
Perhaps Dave King is not happy with how the club is being run from a financial perspective.

Maybe he is not happy with things such as the wage bill being too high and we seem to be getting a relatively very low figure for merchandise sales compared to celtic.

Even taking into account Covid etc. with the losses Rangers have racked up in recent years it is hard to argue that the club is being financially well run.
 
I've absolutely no idea what's going on in the background, and to be honest never will.
If what I'm reading is true, and the parties who (appeared) to have worked so well together previously, have had some sort of falling out, then my feelings are that it's a sad day all round, in respect of the greater good of Rangers F.C..
 
Redcoat said:
Perhaps Dave King is not happy with how the club is being run from a financial perspective.

Maybe he is not happy with things such as the wage bill being too high and we seem to be getting a relatively very low figure for merchandise sales compared to celtic.

Even taking into account Covid etc. with the losses Rangers have racked up in recent years it is hard to argue that the club is being financially well run.
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What low merchandise figures are you talking about? Nonsense.

Celtics figures are higher as they run their own shops and therefore it’s their turnover in their accounts from doing so.

We don’t, therefore only the profits received from our deals are shown.

Take away their running costs from their shops and they’re around the same ballpark.
 
Redcoat said:
Perhaps Dave King is not happy with how the club is being run from a financial perspective.

Maybe he is not happy with things such as the wage bill being too high and we seem to be getting a relatively very low figure for merchandise sales compared to celtic.

Even taking into account Covid etc. with the losses Rangers have racked up in recent years it is hard to argue that the club is being financially well run.
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The figures were just as bad when he was in charge.
 
The Gooner said:
I don’t think anyone really knows what goes on behind the scenes with these guys and I prefer to think of them both as legends. They don’t have to like one another and I don’t feel the need to take sides.
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This is exactly right I feel gratitude to both of them for what they have done. Also be wary of anyone trying to push us into one side or the other they will have their own agenda.
 
I'm always interested on King's angle, I can't see a time when he has anything to say about Rangers that isn't worth hearing.

As always on the Internet though things need to be tribal. You need to be King or Park, Messi or Ronaldo or whatever.

Not everything needs to be a big hoo ha or an opportunity for attention seeking proclamations.
 
Irrelevant is harsh, to say the least.

Maybe the guy wants to cash in, maybe he needs to. He's entitled to do that if he wants.
 
While Dave King may never become irrelevant to some, it's important to remember Rangers always comes first.

I don't get his angle at times.
 
Loyal72 said:
While Dave King may never become irrelevant to some, it's important to remember Rangers always comes first.

I don't get his angle at times.
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yeah, I think this is the thing that gets me - completely trust him with Rangers, but seems to very much have his own opaque agenda at the moment.

However, the fact that he seems aligned with weapons-grade blazer chasers like the Chris Graham/Club1872 worries me quite a bit.
 
He's the largest shareholder at the current moment so he's far from irrelevant.

Holding 15.45% is quite the caveat and only requires him to get the support of 10% to block resolutions, and with the pass rate of the special resolution being 79% (4% off failing) it shows hes still very much a big player.

He's certainly not someone to ignore or call "irrelevant" unless he sells that shareholding.
 
He has done a lot of amazing things for the club and we as a support should be forever grateful but let’s be honest if someone like Dave king was to try and get power at Ibrox now we would be protesting as he is about as dodgy as they come. It’s time for everybody to move on
 
What I want to know is, what seems to be the problem with Graeme Park? His name crops up a lot, and there seems to be this little conflict between him and King.

If King has had his money back, with interest, and he is selling his shares over a period of time, what is his problem? He wanted a clean break from the club, he bloody well got it. Yes, he did a great thing for us and the support will be eternally grateful, but he can’t hold that over us forever.

For the time being, Douglas Park is our chairman and the firgurehead at the club. His money and those of his investors and friends are helping the club now, and he can do as he pleases as far as I’m concerned, King is in the past.

There’s always some sort of drama, isn’t there? We can’t just have a good time and some success without someone wanting to derail it.
 
MearnsUnionist said:
Really?

I'd have thought they'd have enough problems of their own, rather than concerning themselves with one of our shareholders who isn't even on the board.

Absolutely shite team on the park and a board that are totally detached and at loggerheads with the support.
Absolute car crash.

Compare that to the smoothest and most cordial AGM we've had for many years yesterday, plus the fact we're 4 points clear in the league and have qualified for the next round of the Europa.

That's real porn.
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They seem to think we are a ticking time bomb, both financially and in terms of our squad falling apart and they are just waiting for our demise to take over again.

They don't realise we are a very well run club with very competent people in charge in every area, unlike the shambles they are in just now.
 
Bigbluebear said:
They seem to think we are a ticking time bomb, both financially and in terms of our squad falling apart and they are just waiting for our demise to take over again.

They don't realise we are a very well run club with very competent people in charge in every area, unlike the shambles they are in just now.
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Different gravy mate.
 
Last edited by a moderator:
Some of the comments about Dave King are clueless and downright disrespectful.We would not have a Club in any recognisable form without Dave King.There is not one person on this thread who has spent and lost millions,spent years away from his home,rescued us from the scum spivs and been threatened with the jail simply for his love of the Club.
 
TCWNS1872 said:
How the largest shareholder can be deemed irrelevant sums this place up at times - bonkers.
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in terms of influencing decisions, his 15% holding is now irrelevant (unless he can form some sort of voting block with other shareholders). His failed votes against resolutions 2 & 8 show this

Also remember that every time new shares are issued, the % of share capital that he owns is diluted (unless he agrees to convert debt to shares, which looks unlikely given the way he voted).

If share issues continue to be used to write off loans from directors, it is fair to assume that even if King holds onto all his shares, he will be overtaken by the likes of Park, who is still actually putting money into the club.
 
If there are any issues Dave King needs to vocalise them. If not he needs to sell up and shut up.
 
Lord Summerisle said:
It's really quite simple.

Dave King first time around was great for Rangers.
King second time around played an absolutely pivotal role in saving Rangers; for that, I'm eternally grateful.

However, King's actions since stepping down haven't been in the club's best interests; that's his decision and, of course, his right.

I'd rather concentrate on the great work the likes of Douglas Park, John Bennett (and all of the other investors) are doing for the good of the club.

I wish King was still involved in a meaningful capacity for the good of the club, but he's not.
King is, therefore, yesterday's news.
Park is the man spending his considerable time, effort, and money on helping to deliver us a successful Rangers.

I don't want to go off on a tangent too much – but, frankly, I find it both ridiculous and disgraceful that Park is being criticised in other threads.
Click to expand...
Only issue with what you say is King is the largest shareholder and far from irrelevant.
 
Redcoat said:
Perhaps Dave King is not happy with how the club is being run from a financial perspective.

Maybe he is not happy with things such as the wage bill being too high and we seem to be getting a relatively very low figure for merchandise sales compared to celtic.

Even taking into account Covid etc. with the losses Rangers have racked up in recent years it is hard to argue that the club is being financially well run.
Click to expand...
I think this is a big year in that regard.

You are correct that we cannot keep making big loses, especially as now the investors are providing loans and not converting the cash into shares.

I think we are close to being a well run club financially. The numbers Last year were not good but when you factor in that our ticket revenue was 19m down in the year before then you can see that it was a one off.

Robertson and the board seemed very confident yesterday that the losses were going to be a thing of the past.
 
david1982 said:
Only issue with what you say is King is the largest shareholder and far from irrelevant.
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Largest yes, but far from having anything close to a majority. So in terms of influencing decisions, his 15% is irrelevant (unless he can form some sort of alliances with other significant shareholders). Resolutions 2 & 8 yesterday show this to be the case
 
The man who saved us from extinction and one of the most important people in our history can never be irrelevant, in no capacity. Short memories on here, maybe he is trying to warn us of something seems no one has considered that. Crazy how quickly people have turned on him even if he is just trying to protect his assets or get his money back, he has never hidden that fact, just seems very disrespectful to me.

He was worried about the board securing loans against club assets, something im sure we can all agree is something that makes you feel uneasy after what we have bee through even if it is a normal business practice.
 
Alvor said:
If there are any issues Dave King needs to vocalise them. If not he needs to sell up and shut up.
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There is a belief that he is going back to his old ways of using/feeding third parties information, so that they will be the public face ie, Houston and Graham.

As a shareholder I wish he would just be out right honest with his issues with the board and that we know what he knows.
 
Dave King will always be the saviour of Rangers for me. The other investors at that time are due enormous respect for their part which is often undervalued. The group saved our club from being decimated.

As well as having great respect for Dave King, I also have great faith in the present incumbents, I have no doubt that the decisions that are being made are for the good of the club as a whole.

The politics of running a massive club like ours will always throw up disagreements and different visions, this is actually normal and has always been the case in the past.
 
Loyal72 said:
While Dave King may never become irrelevant to some, it's important to remember Rangers always comes first.

I don't get his angle at times.
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You don’t know the facts. We are fed what people want us to know to Push their agenda. If you can draw definite conclusions from what you can see just now you should explain that to the rest of us. King has never acted against our best interests so if someone says he is I would question why they say that. Equally Park seems to be distancing himself from King so why is that happening. We don’t know the facts

After what we have been through trust no one fully and question everything. Loads of people with personal agendas.
 
Surely the only difference is that when, previously, he was on the board he was sat at the table vocalising his opinions and thoughts on the way forward/proposals, discussing and agreeing/disagreeing face to face privately with the other board members. The only difference back then is that we didn't know about any disagreements as the outcome was all we got to see/know about.

He is no longer at the table and what he is doing is the same as before, but without being at the big table. This is the only option available to him to voice his opinion. The big difference is that his opinion is now public which is spooking a lot of people because it is not in line with the board.

Truth is it may regularly have been at odds with the general consensus of the board, and that's not necessarily a bad thing. In fact if the varied board members agreed on everything all of the time, then there would be no need for the various members of the board and we could go back to the sir duped way of working.

......thought not.
 
Northhiglander said:
You don’t know the facts. We are fed what people want us to know to Push their agenda. If you can draw definite conclusions from what you can see just now you should explain that to the rest of us. King has never acted against our best interests so if someone says he is I would question why they say that. Equally Park seems to be distancing himself from King so why is that happening. We don’t know the facts

After what we have been through trust no one fully and question everything. Loads of people with personal agendas.
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While King has never acted against our best interests, he has previously put his own interests ahead of us. Which can cause it's own problems.
 
Loyal72 said:
While Dave King may never become irrelevant to some, it's important to remember Rangers always comes first.

I don't get his angle at times.
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You’re right, Rangers must always come first. Do you think Dave King would have appointed one of his non investing kids to the board had the shoe been on the other foot? Perhaps he would have, as a short term trusted, capable individual to do a job that needed done. I sincerely hope Graeme Park offers something more than a double down on his old man’s vote at board level and I’m sure he does. Dave King’s angle seems obvious to me, but I could be way off the mark. Personally I’ll be forever grateful for King and Douglas Park along with all the other saviour investors. Lets not kid ourselves on that one individual is a bad guy or irrelevant for casing a democratic vote one way or the other, nor that there’s horrendous happenings that must be going on. I just think it’s reached a point where it’s being seen as come on guys, we can do a bit better here and I’m sure there are plans afoot for just that.
 
Lord Summerisle said:
It's really quite simple.

Dave King first time around was great for Rangers.
King second time around played an absolutely pivotal role in saving Rangers; for that, I'm eternally grateful.

However, King's actions since stepping down haven't been in the club's best interests; that's his decision and, of course, his right.

I'd rather concentrate on the great work the likes of Douglas Park, John Bennett (and all of the other investors) are doing for the good of the club.

I wish King was still involved in a meaningful capacity for the good of the club, but he's not.
King is, therefore, yesterday's news.
Park is the man spending his considerable time, effort, and money on helping to deliver us a successful Rangers.

I don't want to go off on a tangent too much – but, frankly, I find it both ridiculous and disgraceful that Park is being criticised in other threads.
Click to expand...
A rich Rangers fan like Dave King will never be irrelevant,the day may come again when we once more may have to reach for his hand,in whatever circumstances,he will answer the cal for the simple reason,he is a Rangers fan who,at this moment in time has a dispute with the Chairman’s son
Lord Summerisle said:
It's really quite simple.

Dave King first time around was great for Rangers.
King second time around played an absolutely pivotal role in saving Rangers; for that, I'm eternally grateful.

However, King's actions since stepping down haven't been in the club's best interests; that's his decision and, of course, his right.

I'd rather concentrate on the great work the likes of Douglas Park, John Bennett (and all of the other investors) are doing for the good of the club.

I wish King was still involved in a meaningful capacity for the good of the club, but he's not.
King is, therefore, yesterday's news.
Park is the man spending his considerable time, effort, and money on helping to deliver us a successful Rangers.

I don't want to go off on a tangent too much – but, frankly, I find it both ridiculous and disgraceful that Park is being criticised in other threads.
Click to expand...
 
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