FORMER Rangers chairman Dave King has revealed he felt a “moral obligation” to vote against Graeme Park’s re-election to the Ibrox board.
We revealed that King used his 15.45 per cent stake in RIFC plc – held through New Oasis Asset Limited – to vote against the election of Park.
Businessman Park, the son of current chairman Douglas Park, has sat on the main plc board since August 2015 and previously held a position with The Rangers Football Club Ltd.
The 37-year-old represents the board on the committee for Rangers’ 150th anniversary celebrations as the champions prepare to toast the landmark milestone later this season.
Park Jnr served as a director during King’s tenure as chairman before he stepped down in March last year.
And King has now revealed he voted against Park’s re-election citing “the knowledge that I have”.
He told the Daily Record: “I have a fiduciary duty to vote my shares in what I consider to be in the best interest of myself and my fellow shareholders.
“I also believe that I have a continuing moral obligation to consider the interest of supporters at all times.
“I have voted in accordance with the knowledge that I have.”
And despite King’s vote Park will serve another term at top table after gaining the support of 81.1 per cent of shareholders.
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