Steward Regan is hoping that peace returns at Rangers
Hampden bosses are awaiting the outcome of today’s Ibrox meeting with interest as Dave King and his associates prepare to sweep into power.
Assuming he has the backing of Rangers shareholders, King will have to face the SFA next month and argue for the right to become a director.
Under SFA rules, King fails on two counts – having been a director of a company which suffered insolvency in the last five years (Rangers in 2012) and because of tax convictions in South Africa.
However, the SFA will allow him to take a seat on the board if he persuades them that there are mitigating or exceptional circumstances.
King will first try and convince the Stock Exchange of this fact before going to the SFA, but remains confident both will endorse him as fit and proper.
Regan said: “As far as the SFA are concerned we will get involved as soon as the process allows.
“For Rangers fans in particular it’s important there is harmony and stability.
“We’ve had several years of uncertainty, changes of leadership, financial challenges and it’s important for everybody’s sake that some stability is restored, and that whoever leads Rangers can set about rebuilding the club.”
One man who will be on the SFA panel deciding King’s fate is Celtic chief Peter Lawwell.
When asked about King and Rangers yesterday, Lawwell offered a swift “no comment”.
In addition to Regan and Lawwell, SFA president Campbell Ogilvie, vice-presidents Rod Petrie and Alan McRae, SJFA chief Tom Johnston and independent non-executive director Barrie Jackson will decide King’s fate.
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