Meanwhile, the police probed the role of Mike Ashley and Sports Direct in the Rangers takeover and searched the companies headquarters. This was rumored to be the reason that Ashley demanded the repayment of his £5m loan to the club. Rangers set the date of the general meeting for June 2015 and added its own resolutions and proposals. On 19 May King was passed fit and proper by the SFA and became Chairman of the club on 22 May. On the same day King also loaned the club an additional £1.5m and a day later, Rangers legend John Greig was named honorary president of the club on 23 May.