DAVE KING insists he has no intention of investing further in Rangers – because the Ibrox board no longer need the backing of Light Blues money men.

The former Gers chairman is set to sell his major shareholding in RIFC plc to Club 1872 as the £13million deal gives supporters the chance to have a meaningful say in the future of their club.

King was the driving force behind the Rangers rebuilding job as he ploughed millions into his boyhood club before stepping down from his boardroom position earlier this year.

But he believes the days of Rangers requiring external investment to fund their football operations are coming to a close thanks to the significant strides being made on and off the park at present.

“I think it is over and I have said it is over,” King told the Four Lads Had a Dream Podcast when asked if he would invest in Rangers again.

“You don’t know what is going to happen in five or ten years’ time, but certainly if you were to ask me at the moment I think it is over and it is over in the sense that the club just don’t require it any more.

“If I look at the financial statements that were released to the end of June, it was nice to see that the club is in such a strong financial position that it was able to incur further investments.

“It does require some short-term loans and Douglas (Park) and John (Bennett) have kindly stepped in to fill the role that I was doing previously by advancing that money. But they could have done the alternative and sold Alfredo Morelos.

“They have now got that level of financial flexibility where they can decide whether to trade players or not. I think over a long period of time player trading will be part of the business model and it has to be part of the business model.

“It is nice to know that from season to season, the board is in a position to say ‘we are actually going to bring in two strikers and not sell Alfredo, although we might sell him next year’. That indicates the level of financial stability that the club has gone and is part of the ongoing recovery as we have built up the balance sheet.

“It is partly the impact of the decision to bring in Steven Gerrard, who we have seen not only improve financial metrics in terms of performance in Europe, but also showcase the talent that has boosted the value of the players and allowed them to bring in players of a better quality and higher value.

“I really think that the club, cash flow wise, balance sheet wise, is a very, very, very strong position. Which is another reason why I am absolutely certain that there will be no share issues at 20p and certainly if I was chairing the board, I wouldn’t be issuing shares at 20p again. I think that time is over.”