Dave King can now join the Rangers board after the Scottish FA ruled he was ‘fit and proper’ to take charge of the club.
Paul Murray had taken on the role of Rangers’ interim chairman, however, following an extensive investigation, King is now free to join the board and it is believed he will take on the role of chairman.
King’s complex financial history includes his conviction of over 40 tax breaches in South Africa, while he was also a member of the board when the old Rangers company went into administration in 2012.
However, the SFA today released a statement which explained: “The scale of this due diligence is unprecedented but befitting the complexities of the consideration placed before the board.
“During this exercise both Mr King and the club were fully co-operative and responded to all questions put to them by the Scottish FA.
“On the basis of this advice presented to it, and having considered all submissions received from Mr King and the club in respect of this matter, the Scottish FA Board granted an approval, conditional upon further submissions from Mr King in respect of documented agreements with the appropriate authorities in South Africa.
“The Scottish FA can confirm it has now received this supplementary documentation in full and the Board is satisfied Mr King is Fit and Proper in terms of Article 10.2.”
More to follow.