Dave King has called on a Rangers EGM as he refuses to give up on a potential return to Ibrox.
The club's majority shareholder is looking to make a temporary return to his former role as chairman of the club following the resignation of John Bennett due to ill health.
The South African-based business believes the club requires around £50m of external investment if they are to get back to achieving regular success on the pitch.
While there is little appetite among key Ibrox boardroom figures for King to return, the 69-year-old has challenged them to an EGM showdown.
“We need to find the right CEO and construct an executive team that will take the Club forward,” King said in a statement to the Rangers Review. “Using a recruitment agency will be counter-productive and expensive. This decision again reinforces the disconnection of this board from reality and its inability to get recruitment right.
“I completely understand why some influential board members don’t want me back. They know from past experience that I would not tolerate board members who are only in it for the ‘jacket and tie’ and don’t actually want to do any real work. If the board can, for once, set aside self-interest and put the supporters first, then I offer a challenge.
“Urgently call an Extraordinary General Meeting (as I did to get Ashley out) and put yourselves up for re-election. I will in turn put up my nominations, including myself. None of the existing board members (who presently protect each other) can vote and neither will I. John Bennett and George Letham would also be excluded from voting for obvious reasons. In that way we can leave it to supporters (for once) to decide who they want to run their Club.”
Gilligan has stepped up to lead the RIFC plc board that also consists of Alistair Johnston, Graeme Park, Julian Wolhardt, John Halsted and George Taylor.
