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Scottish Championship: Former Rangers director Dave King holds fresh meetings at Ibrox

Dave King, Rangers
Image: Dave King, Businessman back at Ibrox for meetings

Former Rangers director Dave King was back at Ibrox on Tuesday in a fresh quest to push through a rescue bid for the crisis-hit club.

The South Africa-based businessman had a two-hour meeting where chairman David Somers and chief executive Graham Wallace were present, Sky Sports News HQ understands.

King has been engaged in a long-running battle for control with the ruling regime at Ibrox and has recently found himself faced with a fresh rival in the shape of Newcastle United owner Mike Ashley, who has increased his stake in Rangers to nine per cent.

But last week it was revealed King had teamed up with another ex-director Paul Murray and wealthy supporter George Letham to launch a £16m investment plan.

Asked if he was optimistic his bid would be accepted, he told Sky Sports News HQ: "Yes we are."

Earlier this year the Castlemilk-born millionaire - who lost £20m when Rangers were consigned to liquidation in 2012 - vowed to plough another £30m into the club in return for a controlling stake.

His rescue plan has been privately backed by chief executive Wallace, while Sandy Easdale - the chairman of the club's football board - wants to forge ahead with his Ashley alliance.

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