You have no idea what DK paid and for what
He would have bought the shares for whatever he considered they were worth
The accumulation of "fees" is a slight red herring as they were unpaid. So if he took that debt on he would pay less for the Club aka shares.
He would have said I am paying...
If he paid for shares it would be undisclosed between the shareholders
Only if he paid off club debt that might be visible in accounts.
"He" includes King - Kingco or connected party