The SFA may well find Dave King not Fit and Proper to be a director of a football club but, if it happens, it will only be a token gesture. King would be forced to resign as a director of Newco, but he would remain the major shareholder.
There is nothing to stop him activing as a shadow director – exercising all the power but without the legal liabilities. There is nothing to stop him attending board meetings, or from appointing his own placemen on the board. Football’s Fit and Proper test is no more than a token curiosity, it is not worthy of the column inches it is regularly attributed.
Newco will remain a basket case as long as King remains in control, as director or otherwise. There is a chance this will change when he leaves, but no more than that. For me, anything that inhibits his ability to remain in control is unwelcome. Never interrupt your enemy when he’s making mistakes, as Napoleon almost said. Let the man get on with his work!