King joins McCoist at Ibrox for crunch talks

Thursday 23 February 2012

RANGERS' second-biggest shareholder, Dave King, joined manager Ally McCoist at Ibrox as moves for a takeover of the crisis-torn club took a new twist.

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Martin Williams and Hugh MacDonald

The Scottish businessman was in Glasgow yesterday for talks with administrators Duff and Phelps, a week after former board member Paul Murray revealed he was leading a Blue Knights bid to take over the club. McCoist also met the administrators.

South Africa-based Mr King and Mr Murray have twice formed a consortium of non- executive directors to try and buy out the club.Supporters' groups have already met Mr Murray to discuss his planned consortium takeover and yesterday launched website saverangers.com to give fans the opportunity to pledge money to "help us save Rangers".In another development, former Ibrox chairman Alastair Johnston urged administrators to look at the detail of the takeover deal with Whyte to see if he had subsequently breached any of the terms. He said any such breach could invalidate Whyte's status as a secured creditor.It came as former owner Sir David Murray questioned how Craig Whyte was able to raise £24.4 million by selling season tickets before taking control of the club.

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King joins McCoist at Ibrox for crunch talks

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