Rangers shareholders and fans group Club 1872 have proposed a meeting with the incumbent Ibrox board, Dave King and their contributors as talk of a Kyle Fox takeover bubbles away in the background.
In a statement, Club 1872 have repeated criticisms of the current Rangers Board which they first released publicly in March this year following the announcement of the Sydney Cup.
These concerns range from the everyday running of the club, to partnership agreements, to Rangers’ general direction and fan dissatisfaction.
Now, the group have invited the Rangers Board along to a meeting with former Ibrox chairman and fellow major Rangers shareholder Dave King to discuss their concerns.
The fans group have an agreement in place to buy Dave King’s shares from him at a reduced price with the apparent intention of ensuring the club’s support always have a sizeable say in Rangers following the events of 2012.
MORE RANGERS STORIES
Club 1872 say they met with Dave King in private and such is the depth of feeling amongst both parties the South Africa-based businessman will meet with contributors in the not-so-distant future.
Whilst a date has yet to be arranged, Club 1872 have extended the invitation to the Rangers Board, whom they claim have not engaged with them since Dave King left as chairman.
The group have released a lengthy statement which you can read HERE.
Kyle Fox added extra dimension to Club 1872 Rangers Board face off
The discontent between the Rangers Board and Club 1872 comes at an interesting time for the club when you consider the news surrounding American businesswoman Kyle Fox.
Initially sued by Rangers for using the club’s branding in an apparent takeover attempt, bygones appear to be bygones and Fox’s firm are looking to press on with a shareholder bid.
Speaking to the media following the court case being dropped, Fox said [Business Insider]:
“I look forward to putting the lawsuit behind us and continuing to explore opportunities to bring value to the Rangers organisation, its loyal fans, investors, and other stakeholders through KRF Capital’s proposed acquisition of a significant ownership interest in the club.”
Initially said to be after a controlling 75% stake in the Ibrox club, reports are claiming that Kyle Fox has reduced this to a 25% bid with football finance expert Kieran Maguire claiming it’ll take about £25m to complete [Football Insider].
All of this adds an extra dimension to the discontent in the Rangers boardroom but something tells us the incumbent Ibrox Board won’t be so engaging with the Club 1872 meeting.
Meanwhile, an ex-Premier League boss has been exciting Rangers fans with his latest comments.