Dave King (businessman)
David Cunningham "Dave" King (born 1955 in Castlemilk, Glasgow) is a South Africa based businessman and currently a director at Rangers.
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[edit] Early life
King, one of seven children, was born and brought up in the Castlemilk area of Glasgow.
[edit] Business career
King arrived in South Africa in 1976 after being transferred by his employers Weir Group. His meteoric rise through the ranks in the country has seen him rack up an astonishing personal fortune estimated between £200-300m. He was an adviser for the Post Office and the Reserve Bank in his early stages before stepping up with a management company that won a contract to manage the treasury operations of Umgeni Water.
On 14 June 2002 BBC News reported that King faced eleven counts of fraud when he appeared at the Regional Court in Randburg, near Johannesburg. He was alleged to owe the South African revenue service almost £60m.[1]
[edit] Rangers
King joined Rangers Board of Director's as a non-executive director on 30 March 2000.[2] He then invested £20 million of his own fortune into the club.
[edit] Personal life
King is close friends with South African golfer Gary Player and caddied for him at the 2000 US Masters in Augusta.
[edit] References
- ^ "Tycoon faces tax charges" BBC News (14 June 2002)
- ^ "Rangers to raise record investment" BBC News (30 March 2000)
