DAVE KING has called for greater boardroom transparency at Ibrox as he raised several concerns over the running of Rangers and the direction of the club on and off the park.

The former chairman penned an open letter to Douglas Park and his directors on Thursday as the under-fire Rangers hierarchy - still reeling from the successive four goal defeats to Celtic and Ajax - were put under the spotlight once again.

Supporters have become increasingly disillusioned with the way the club is operating at present and King has now questioned:

• When the board decided to ‘change its commitment to supporters to reinvest the proceeds of player trading back into the squad and why was this not openly communicated to supporters?’

• What has happened to the funds banked by the run to the Europa League final last term and whether the ‘focus has moved onto competing in the financially lucrative European competitions as a pure profit motive rather than as a means to improve the squad?’

• The relationship between the board and fan organisations and why Park is ‘so against the transfer of my shares into the control of supporters via Club 1872?’

• If Rangers are for sale ‘if the price is right’ following an approach by American businesswoman Kyle Fox amid suggestions, which Rangers have refuted and have launched legal action over, that a share deal and £75million worth of investment was on the table.

King voiced his concern over Rangers’ transfer strategy and their role in the cinch sponsorship fiasco last week and has since seen Van Bronckhorst’s side suffer humiliating defeats in the Premiership and Champions League as the Dutchman has been left fighting for his job at Ibrox.

Supporters have been critical of areas such as communications, ticketing and the merchandise arrangement with Castore in recent months and were successful in forcing the board to pull out of the controversial Sydney Super Cup trip that was scheduled for November.

King said: “I have been closely following the Club’s activities on and off the pitch and as a supporter (and still largest shareholder) I have become increasingly alarmed about what I am witnessing.

“Being a director of Rangers is a privilege that comes with an individual and collective responsibility that appears to have been absent from decision making for some time now.

“There is a shroud of secrecy around what is happening within the Club and the lack of meaningful engagement with supporters and shareholders, who are entitled to a greater degree of respect, is completely unacceptable.

“The Club is being run like a private concern with supporters being increasingly treated as customers rather than people who give their hearts, souls and hard-earned money to Rangers.

“Rangers fans know only too well the pain and suffering that can come from a lack of scrutiny over those entrusted to protect our Club.

“This is why I am forced to speak out at this time by sending an open letter to the Board and by asking for future transparency, honesty and respect for all supporters and shareholders.”