Dave King denies selling Mark Warburton short
The club chairman made a statement over the developments that led to the Englishman’s departure – along with Davie Weir and Frank McParland – on Friday night.
King claimed they had bowed to the manager’s request to up the budget and things went sour when King asked for a review of his signings.
Details from that meeting were then leaked and earlier this week an agent representing Warburton and Weir asked if the club would waive compensation if he could find them a new club – believed to be Nottingham Forest – which failed to materialise.
King explained: “The outcome of this meeting was that the agent subsequently offered that Mark, David and Frank would resign with immediate effect without compensation as long as the club, in turn, agreed to waive compensation from any new club that they signed for.
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I assume that the new deal had somehow collapsed at the last minute
“After discussion, the board accepted this offer and employment was immediately terminated. In order for us to achieve our ambitions we need employees that, like your board members, will always put Rangers first.
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“While we were dealing with the admin and press releases relating to the resignation the agent again contacted us and asked to defer the resignation until the management had secured a new club.
“I assume that the new deal had somehow collapsed at the last minute. The board met to consider this request but resolved to hold them to the original agreement.”
King also claimed he asked for a review of Warburton’s transfer record.
“The board wished to review our recruitment plan and performance over the previous two windows,” he said.
“But the board’s questioning of management was leaked to the media and conveyed as a negative reflection of the board’s attitude to the manager.”
Warburton’s team has the League Managers’ Association dealing with his case and it could cost the club £2million if they have to pay the contracts in full.