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Former Rangers Chairman Dave King has signed a £ 13 million deal to sell all of his stake in the Club 1872 fan group and end his association with the club.
The club is slated to become the largest shareholder in 1872, with a 25 percent stake, and King said the agreement ensures fans have the power to keep the Rangers from falling into the wrong hands and a financial one Protect implosion like 2012.
King, who led a successful acquisition by Ibrox in 2015 and left the board earlier this year, agreed to sell all of his 20. 3 percent keep the fans at 20 pence per share and expect £ 2. 3 million loss on its investment. Club 1872, which currently has a 4. 95 percent
Rangers F.. . C.. . , Dave King, Club 1872
World News – UK – Dave King will sell his shares to Rangers fans
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Ref: https://www.thetimes.co.uk
