As we’ve told you previously, King previously revealed during November’s AGM that he planned on stepping away from his role as Rangers chairman, and that has sparked speculation in the media, as per the Daily Record, that real estate mogul Stewart Gibson could be about to buy-up some of his 25.86% shares in the Glasgow giants.
However, the South African businessman has dismissed the notion that he could be set to sell any of his own shares, but admits new funds will be raised and reinvested soon.
Speaking to PA, via the Sun, King said: “I am not selling any shares.
“As I said at the AGM, we will raise new funds.
“No existing shareholders are selling.”
Do you think Rangers are strong with King still heavily involved, and where should any raised fund be reinvested by the club’s hierarchy?
Let us know in the comments section below…