UK 10:42 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Rangers FC (RFC) has still not shown a shred of evidence to demonstrate that in accepting loan proposals from Mike Ashley and rejecting other refinancings it acted in the best interests of ALL shareholders. The Ashley minions who run the Rangers board are clearly loathed by the vast majority of Rangers supporters (rightly so in view of the refusal to provide evidence) and businessman Dave King has stated today that their days are numbered.
Already a member? Sign in
• All premium articles
• Tom Winnifrith’s Bearcast
• Access to all the entire nearly 13 year archive
• ShareProphets Daily Newsletter
Cancel any time
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Comments
J P Spaghetti
“While King may not be an angel”
Well let’s hope that’s not deemed a sufficient reason to permit the current BOD to not convene the GM on the grounds of unsuitability to serve as a director.
Whilst I’m here, having just won a Lucozade T-shirt (whoopee!) I’m reminded that I thought I read that there’d be interesting ones for sale here? I haven’t the balls or the finances (I guess to an extent the two are tantamount to the same thing) to spread bet myself just yet!
J P Spaghetti
Re. my last comment – just seen and remembered the Paypal option!
alfie
King is a crook,proven in a court of law !!!….A convicted fraudster !!…..If that is a fit and proper person to run a company then perhaps he should run Quindell !!! lol
Craig
King is a very affable character, who you’ve clearly been taken in by.
Truth is, he had numerous opportunities to take control of Rangers prior to the involvement of Ashley from the administration onwards, but each time when it came to the crunch, he simply doesn’t have proof of funds.
That is no-one’s fault but his own.
JIMBL
How did Ashley manage to hold onto the original retail ‘agreement’ struck with Greene before the last IPO took place Dec ’12? Moreover, why was that deal agreed when the IPO was known to be upcoming?