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Scottish Businessman Jim McColl Backs Former Rangers Dir Dave King, Three Bears

Scottish businessman Jim McColl has backed former Scottish Championship side Rangers Dir Dave King to "succeed at next week's Rangers EGM and admitted" he can not wait to hear news that the current board have been ousted, according to Gavin Berry of the Scotland DAILY RECORD. The "self-made billionaire" insisted South African businessman King and the Three Bears are the "right men to take the club forward and is praying they are successful at next week's crunch Ibrox meeting." Shareholders will vote on March 6 on King's resolutions to "remove current board members David Somers, James Easdale, Derek Llambias and Barry Leach and replace them with himself, Paul Murray and John Gilligan." McColl "threw his weight behind the so-called 'Gang of Four' nominees of Murray, Malcolm Murray, Alex Wilson and Scott Murdoch" when they failed in a bid to overthrow the board at the '13 AGM. McColl is "also convinced King will pass any fit and proper test" after he wrote a £44M ($68M) check to the South African Revenue Service having "accepted liability for 41 charges in relation to income tax laws." McColl: "There is no impediment to him in business and it is just scaremongering by those opposed to him" (DAILY RECORD, 2/24).

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