Football finance expert Kieran Maguire believes Dave King and Glasgow Rangers supporters group Club 1872 must be careful not to let things fall apart.
The Lowdown: Criticism after deal agreement
Earlier this year, Dave King agreed to sell his 20% stake in the Ibrox outfit to Club 1872 in a deal that would overall cost £13.3m (BBC).
The Latest: Maguire worried
Speaking to Football Insider, Maguire has shared his worries and believes King must be careful that the agreement does not fall apart. He said:
“I think Dave King will be monitoring this.
“He wants as swift a resolution of his shareholding position as can be. He also wants to have confidence in the people to whom he does transfer the shares.
“There does appear to be different viewpoints at Club 1872. There have been communications issues, and good communication and transparency is essential in all organisations.
“We saw something similiar happen a few years ago at FC United of Manchester.
“What started out as a body that was incredibly united started to fall apart because people wanted to take the club in a different direction. This might be an issue there at Rangers.”
The Verdict: Big few months
Club 1872 and Rangers supporters have been presented with a fantastic opportunity by King – the chance to become their own club’s major shareholders, giving them a bigger voice in regards to how the club is run. The last thing they need is infighting. They must not take their eye off the ball.
As such, the next few months are likely to be vital. If Club 1872 can sort out their issues and get back on track, there is no reason why the deal can’t go ahead as planned. Should they fail to do so, however, King may need to look at other alternatives.
In other news, Rangers fans are livid at this pre-season news.
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