article_snippet.sent: The Sports Direct tycoon owns 9.82 per cent of the Glasgow giants but is prohibited from going over 10 per cent by an agreement struck with Hampden chiefs designed to limit The Sports Direct tycoon power at Ibrox.
article_snippet.sent: Two of his closest associates - Derek Llambias and Barry Leach - sat as directors until King forced his closest associates - Derek Llambias and Barry Leach - sat out at last month's general meeting.
article_snippet.sent: That agreement gives the 50-year-old a floating charge on the club as well as security on a number of assets, including Murray Park and the club's registered trademarks.
article_snippet.sent: Representatives of the previous board arrived at Hampden at 2pm on Thursday to appear before the SFA's Judicial Panel.