High maintenance Charlie

This entire sitcom seems intent on producing more and more bizarre story lines.

Now Charles of Normandy, apparently, thinks that he has a cast iron deal on his legal costs regarding the outstanding criminal case against him.

The current Chairman of Rangers International Football Club (RIFC) Mr David Cunningham King issued a club/company/celestial entity statement.

I note with interest that it contradicted the report in the Daily Radar.

The chairman of the RIFC board at the time was Real Rangers Man Malcolm Murray.

Of course, Walter Smith was also on the board as a Non-Executive Director (NED) and it is the duty of NEDs to scrutinise what is happening at board level.

They must ensure that the company is being run in the best interests of the shareholders.

The only certainty around the current Ibrox operation at the moment is that there is huge uncertainty.

Until the current criminal cases are disposed of, then there must be a question of the actual ownership of the key assets, especially the stadium and the training ground.

In those circumstances, the possibility of a re-listing on an exchange must be in doubt.

However, as we have seen throughout this saga that Sevco is so dysfunctional and bizarre that only The People appear to be unaware of the enormity of what is unfolding before their eyes.

The Ibrox clientele doesn’t like Charlie now, but there was a time when they loved him.


If this latest episode goes to court, then the precise details of RIFC’s current financial state might be discussed in open court.

Now that would be box office!

However, this latest development does not alter the basic reality of the corporate creature created by Charles of Normandy.

It is a loss-making business without a credit line from a bank.

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