Football

Dave King Insists He’s Not Going to Sell Any of His 26% Stake in Rangers

Dave King Insists He’s Not Going to Sell Any of His 26% Stake in Rangers

Rangers supremo Dave King has insisted he’s not planning on selling any of his 26% stake in the Ibrox club – but says the Gers will press ahead with a new share issue.

As we’ve told you previously, King previously revealed during November’s AGM that he planned on stepping away from his role as Rangers chairman, and that has sparked speculation in the media, as per the Daily Record, that real estate mogul Stewart Gibson could be about to buy-up some of his 25.86% shares in the Glasgow giants.

However, the South African businessman has dismissed the notion that he could be set to sell any of his own shares, but admits new funds will be raised and reinvested soon.

Speaking to PA, via the Sun, King said: “I am not selling any shares.

“As I said at the AGM, we will raise new funds.

“No existing shareholders are selling.”

Do you think Rangers are strong with King still heavily involved, and where should any raised fund be reinvested by the club’s hierarchy?

Let us know in the comments section below…

Football

More in Football

Why Scotland Has a Chance of Best Representation in Europe For Years

Jonny BoyleSeptember 24, 2020

Are Chelsea Now Title Contenders With New Signings?

Jonny BoyleSeptember 10, 2020

Why We Should All Be Excited About Leeds United’s Premier League Return

Jonny BoyleSeptember 8, 2020

Serie A: Gian Piero Gasperini Has Turned Atalanta into One of the Most Entertaining Sides in Europe

Jonny BoyleAugust 19, 2020

Remembering the Underrated Genius of Diego Milito

Jonny BoyleAugust 17, 2020

Why Rangers Have to Take Advantage of Celtic Lay-Off

Jonny BoyleAugust 13, 2020

Best Player To Manager Success Stories

Jonny BoyleAugust 12, 2020

Video: Steven Gerrard Is Not Having Any Questions About Alfredo Morelos

Jonny BoyleAugust 1, 2020

Two Aberdeen Fans Come Up With Creative Way to Watch Rangers Game in Person

Jonny BoyleAugust 1, 2020