DAVE KING has warned there must be a change in the Rangers boardroom or the club will ‘stagnate’ for years to come.
Gers’ largest shareholder is set to vote against the re-appointment of chairman Douglas Park at the club’s AGM on December 6.
South Africa-based King will also vote against key resolutions favoured by Ibrox directors on the allocation of shares.
After the sacking of manager Giovanni van Bronckhorst on Monday, King is growing increasingly concerned about the direction the club is heading.
He said: “I’ll be voting against three resolutions. The fact is, I was already having concerns about where this regime was headed.
“I felt some of the things happening were unacceptable – un-Rangers-like. The treatment of ex-players, the treatment of supporters.
“I felt voting against Graeme Park’s re-election last year would make that point. I had to put my money where my mouth was and use my vote to go along with what my concerns were.
“It was heading in the wrong direction. I didn’t like the way Steven was forced out of the club.
“It’s not the way to treat people that delivered a title for us. I couldn’t not vote with my conscience.
“The situation is recoverable. I think we can be back winning the title.
“But the way things are going at the moment, unless changes are made to the leadership of the board – the leadership and executive of the club – I fear we will be stagnating for a long time to come.
“We really should have invested and kicked on. We could have bought Steven what he wanted.
“He wanted to kick on, given that the money was there.
“The impression I’m getting with the signings is we’re not getting as many as we want. But I do believe the money is there.
“I regret what happened. When I go back to 55, we should have kicked on with a great manager and defended the title. I think the board thought they could do it on the cheap.”
Addressing Club1872 members on Monday night, King also revealed he’s spoken to would-be American investor Kyle Fox.
King said: “I’ve only met Kyle once when I was over in Italy in the summer. She took me through her plans.
“I do think that she has a genuine appetite, if she can find a way around it, to bring some serious investment into the club.
“We can’t stagnate. I do think we could do with a new injection of people onto the board and a new injection of money.
“I don’t think the current composition of the board has a lot of scope to increase their investment.
“I think we need different ideas.
“I think Kyle is one such person. I certainly wouldn’t discount her completely.
“I think there’s a long way to go before I’d regard her as being a credible person. But I certainly wouldn’t discount her.”
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