Dave King: “NOMAD dishonest & unprofessional”
Chairman-to-be Dave King has
launched an attack on WH Ireland, Rangers’ outgoing LSE NOMAD.
Responding to the claim that Ireland had
agreed to delay his resignation (based on his apparent distrust of King) till
after Kingco’s appointment on the board later this week, the NOMAD has ‘quit
early’, and King has sought to clarify his own side.
“I confirmed my intention to delay
taking up my directorship to WH Ireland on Monday. Based on that decision, WH
Ireland agreed to remain in place to effect a proper handover to the incoming
nomad.
“I coordinated a call between both parties for this afternoon to
effect the initial introduction. However, before this conversation could take
place and contrary to our agreement, WH Ireland resigned without prior
notification to me.
“That lack of professionalism has characterised WH Ireland’s role
as nomad and reinforces why there was a complete lack of governance and
transparency under its watch.
“Consequently, to WH Ireland’s and the board’s knowledge, it is
blatantly dishonest to suggest that my imminent appointment to the board was of
concern to them.”
If Rangers do not get a
replacement NOMAD installed within 30 days, they will be removed from the
Alternative Investment Market, and will be unable to trade till back on either
it another stock exchange.
King surely did not expect this
to be a walk in the park after 36+ months of hell at Ibrox, and it is proving
anything but a smooth transition.