[Trusevich]

King's email to Llambias and Leach:

"During yesterday’s call Mr Llambias advised me that the result of my requisitioning was a ’landslide’ in my favour.

“This was already recognised by messrs. Easdale and Somers last week resulting in their resignations to avoid the wasted cost of holding a general meeting.

“As a courtesy Mr Somers advised me that he would assist in the handover and he agreed to remain a director until the 6th March thereby ensuring that the requisite appointments could be effected without the cost of a meeting.

“I was subsequently disappointed that Mr Somers resigned on Monday with immediate effect. When asked to explain this sudden change of mind he advised that this was done at your joint request.

“You have now engineered an outcome whereby I require your cooperation to implement the requisitioned changes without the need for wasted costs and are using this in an attempt to extract a profitable exit from the company.

“I made it clear yesterday that I am not amenable to that. I point out to you both that your fiduciary responsibilities as directors of the company can not be exercised to your personal advantage.

“I call on you to immediately implement the appointment of directors as discussed with the club’s Nomad WH Ireland followed immediately by your resignations.

“If you fail to do so, and costs are incurred on the now unnecessary general meeting, you will be jointly responsible in your personal capacity for such wasted costs.

“Your attempts to resign from your management functions can only be dealt with after the changes to the board have been made and there is authority on both sides to act on any decision reached.

“Given the urgency (caused by your failure to act as your co-directors did) I call on you to immediately, on receipt of this email, confirm that you will proceed as requested. This should have happened last week.”

So it looks like the EGM will go ahead, whereby Llambias and Leach will be summarily removed from the board. I take it they still would require their contracts paid up as CEO and FD if King wants them removed completely?

As I said previously, I don't see Llambias or Leach going anywhere soon.

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Mike Ashley's SFA hearing has concluded:

A Disciplinary Tribunal convened last night in accordance with the Judicial Panel Protocol to consider the following case:

Alleged Party in breach - Michael Ashley

Disciplinary rules allegedly breached -

Disciplinary Rule 19: Except with the prior written consent of the Board: (a) no club or nominee of a club; and (b) no person, whether absolutely or as a trustee, either alone or in conjunction with one or more associates or solely through an associate or associates (even where such person has no formal interest), who: (i) is a member of a club; or (ii) is involved in any capacity whatsoever in the management or administration of a club, or (iii) has any power whatsoever to influence the management or administration or a club, may at the same time either directly or indirectly:- (a) be a member of another club; or (b) be involved in any capacity whatsoever in the management or administration of another club; or © have any power whatsoever to influence the management or administration of another club.

Outcome – Mr Ashley was found in breach and a fine of £7500 was imposed.

Disciplinary Rule 77: A recognised football body, club, official, Team Official, other member of Team Staff, player, match official or other person under the jurisdiction of the Scottish FA shall, at all times, act in the best interests of Association Football.

Outcome – The alleged breach was not proved.

Of course, the worry now is that when the SFA call Rangers to the dock - 13th March or something like that? - they'll already have decided guilt and the fine will be a damn sight more than a piffling £7,500!

This'll be a chance for Paul Murray to earn his corn taking on the SFA lapdogs, I suppose. Or it'll be a chance for King to flex his much-vaunted considerable financial muscle.