Dave kings 16 point plan

Dave King's 16 point plan for Rangers:

"If elected to the Board alongside my 2 proposed colleagues I promise the following:

1) We will immediately seek to raise fresh capital through the already approved Rights issue within a month

2) In this issue, I commit to underwriting 24,783,464 at a rate of 32p giving a guaranteed £7.93m of working capital taking me to 29.99% holding.

3) In this issue, I commit to finding a suitable underwriter of the remaining 20,778,454 at a rate of 32p giving a guaranteed £6.65m of working capital.

4) From the £14.58m raised, we will immediately pay off the £5m Mike Ashley loan, freeing the club of any debt. All security over assets will be released and this will leave us with over £10m of immediate working capital in April prior to Season ticket sales.

5) We will rip up the terms of the second £5m loan as this has not been used as funds yet meaning no further liabilities to Sports Direct.

6) I guarantee to speak with Robert Sarver with the view of potential investment in the club to be put to shareholders at a later date, if terms are agreeable.

7) Over the next 3 seasons, as previously indicated in interviews, I will commit a further £22m of funds to the club from myself or associated parties, free of debt, security or burden on the club.

8) We will immediately invest in a proper scouting system to aid the teams progress.

9) We will bring in a new manager who is able to work within the confines of our revenue budget working with a mixture of youth and experience.

10) All levels of the clubs coaching will be in line from top to bottom to ensure progression and transition from youth to first team is easier.

11) I will guarantee to place Ibrox Stadium and Auchenhowie in a Trust as promised and requested by me 12 months ago guaranteeing none of them will be used for security whilst we serve on the Board of the club.

12) I will run the club on a Break Even budgetary policy which does not consider Cup or European revenue as advanced budgetary items.

13) Any financial losses made as a result of mis-management of transfers/wages outlined in point 12 will be covered by myself and associated parties to ensure a strict fiscal policy for the club.

14) We will not appoint any current divisive fan figures, on both sides, to any position within the club.

15) We will not allow Jack Irvine to speak on behalf of any club business. All ties will be immediately terminated.

16) I will engage with Mr Ashley in relation to the Retail deal and aim to return to the days of generating £17m of annual revenue at a fraction of the cost so both Mr Ashley and the Club win financially without any risk to the club of losses.