Posts Tagged ‘daily mail’

King stands his ground to pursue Ibrox dream: Former Gers director close to return

Monday, October 28th, 2013

Fact Howler 1: by Stephen McGowan of the Daily Mail on Dave King:

The Castlemilk-born tycoon had charges of fraud and money laundering lowered by the South African tax authorities in August in return for a plea bargain, which saw him pay £43.7m whilst accepting culpability for 41 charges of breaching the South African Income Tax Act.

Offered the choice of paying £210,000 or an 82-year jail term under section 75 of the act, he opted to pay the cash.

Dave King is a convicted criminal. The South African Tax authorities did not “lower” his charges – he pled guilty to various contraventions of section 75 of the South Africa Income Tax Act 58 of 1962 in order to avoid a lengthy court case, and a prison sentence.

He was fined accordingly, based on the sentencing agreement his legal team reached with the South Africa National Prosecuting Authority.

Fact Howler 2: One cannot be a “South African based businessman”. The correct usage would be “South Africa-based businessman”.

Fact Howler 3: in the headline, King is referred to as “Former Gers director”. He is not a former Rangers director, he was a director of the former Rangers.

Fact Howler 4: Dave King was forced to pay a verified figure of R706.7 (South African Rand), which equates to £44.54m in current money, not £43.7m

See also: The Herald’s Richard Wilson describing Dave King’s criminal conviction as “minor breaches of the Income Tax Act“.

If paying out £44.54m in South Africa’s biggest-ever tax case is minor, I’d hate to see a major case.

Crisis? What crisis?

Thursday, August 8th, 2013

Former Ibrox director Dave King, currently under investigation by the South African tax authorities:

Speaking to Sportsmail, King said: ‘There is an inevitability to the fact the people currently operating Rangers are going to run out of cash.

Not that the Monkey would trust Dave King to tell us it was Thursday, but this should be ringing alarm bells across Scottish football.

It’s not. There’s nothing to see here. Move along.

Let the Ibrox coup begin

Monday, August 5th, 2013

Former Rangers manager and chairman, Walter Smith:

It is clear that Boardroom change is required and I would urge Rangers fans to get fully behind the resolutions which last week were presented to the Board and shareholders

Outgoing Rangers non-executive chairman Walter Smith backs a boardroom coup at Ibrox led by Frank Blin and former Rangers board member Paul Murray.

This is despite the fact that Murray would probably fail the Scottish Football Association’s ‘fit and proper person’ test.

Strange, the Daily Record’s Hugh Keevins was convinced only last month that Walter would be around for a long time to come

SFA could block Paul Murray bid to return to Rangers

Sunday, August 4th, 2013

Paul Murray’s ambitions of seizing power at Rangers could prove a
non-starter due to his prior involvement with the club before it was liquidated.

Why has it taken the Scottish newspapers over 48 hours to report what the BBC had in their story on Friday?