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SBD Global/May 2, 2014/Franchises

Rangers Supporter Alan MacKenzie Challenges Investor Dave King To Buy Fans' Club Shares

Alan MacKenzie, the Scottish League 1 Rangers supporter who "sunk half a million of his own cash into his football club," has challenged potential investor Dave King to "put his money where his mouth is and buy up fans' shares in the club," according to the Scotland DAILY RECORD. MacKenzie, 66, now lives in Australia. MacKenzie, in an open letter to King, reflected on the past year and stated that the "current Board cannot be held 'fully accountable' for the first year trading figures." In the letter, MacKenzie "talks about the key boardroom figures he has met during the crisis before going on to reveal his own exchanges" with King. MacKenzie added that "the time has arrived for the South African-based businessman to stump up and buy shares." MacKenzie said in the letter, "I wrote to Dave King seeking his intentions and offering to sell my shares to him as a token of his intentions." MacKenzie said that he was told by King, "Why should any new investor bail out existing investors because they made mistakes in overpaying for their shares. The club needs money not complaining shareholders" (DAILY RECORD, 5/1).
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