DAVE KING insists his share deal with Club 1872 will not be impacted by Rangers' own rights issue as he looks to hand over his majority stake to supporters in the coming years.

King and Club 1872 arranged a £13million blueprint in December that will see the fan organisation assume control of his shareholding in RIFC plc and bid to move towards the 25 per cent marker that would give them increased control at Ibrox.

Rangers have launched their own share initiative in an attempt to raise £6.75million from supporters but King is content with the situation regarding his Club 1872 deal.

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King said: "The position between myself and Club 1872 remains the same. They certainly want to acquire the shares over time and my understanding is their ambition remains the same.

"We had an agreement that because the club was raising funds for the first six months they would initially support the club, which they have done, and we’d suspend our agreement.

"But my understanding is that from July 1, the agreement I have in place with them will continue and either they will raise the funds or they won’t. I guess it’s as simple as that.

"I haven’t yet seen the terms of the club’s offer but my understanding is that it would be at a higher price, which would make it less affordable for supporters.

"It’s not an issue for me because at the end of the day I can do this over a longer period of time.

Glasgow Times: Dave King

"If it means that supporters get my shares plus additional shares from the club, then I’m happy to fulfil to it as well. All I would do is make the period longer on my part.

"If the club came out and did it again at 20p I would be saying to the supporters: 'Give it to the club. I’ll again suspend my deal with you because you are still acquiring shares. Then, when that is over, come and get mine as well.'

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"It will just give more shares at the end of the day, which is ultimately what I think should be happening at all football clubs not just Rangers."

Club 1872 this week announced George Hoggan, James Irvine and former Ibrox chairman Malcolm Murray as the three nominations looking to earn two board positions in their latest round of elections.

Murray served on the Rangers board during the ill-fated Charles Green era and was later involved in a war of words with the club over salary and bonus payments made to Green and former finance director Brian Stockbridge.

King said: "I was very surprised. I only saw the names in the past couple of days.

"James Irvine, I’ve met before. He was of some assistance to me when we were looking at unlocking some of the difficulties about regime change, some of the legal issues and Charles Green issues.

"The other candidate I don’t know, but the one that most surprises me is Malcolm Murray.

Glasgow Times: Charles Green

"I’m surprised firstly that Malcolm put his name forward, quite frankly. Because I just can’t imagine why supporters would vote for someone who was Charles Green’s man, who was the chairman of the club at a time when these Sports Direct contracts were entered into. He was chairman of the club when they delivered it into the hands of Mike Ashley.

"All of the contracts we inherited and the fights we’ve had with Sports Direct - and continue to have on a residual basis as well - all these shocking contracts that were put in place at a time when Malcolm Murray was chairman of the club, working for Charles Green at the time.

"In addition, Malcolm Murray was a negative in all of the dealings I had in regime change and trying to get institutions on board.

"A lot of the work that Malcolm was doing behind the scenes was counter-productive to all of my efforts.

"I regard Malcolm Murray, in my dealings with him, as not a person to be associated with Rangers Football Club in any way whatsoever.

"I think he would be very negative. The supporters must decide, it’s their decision. But I would be very surprised, given his history, if any supporter would vote for him."