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Dave King reveals his £2million Rangers share hit as former chairman urges fans to seize 'once in a lifetime' chance
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dailyrecord.co.ukRangers.And the former chairman revealed he is taking a £2m hit to sell his shareholding to supporters group Club 1872.King, who has invested more than £40million in the club, has offered Club 1872 the chance to purchase his stake of is just over 20 per cent at well below its current market value.The group have three years to raise the money but if they can do the deal within a year then they would buy his shares at an even lower price.Club 1872 currently hold just under five per cent of the shareholding but the purchase of King’s block would give them more than 25 per cent, giving them a major say and the power to block any possible resolutions in the Ibrox board room.King has made the move to ensure that there is no repeat of 2012 when.
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