DAVE KING has defended the timing of his Rangers share sale announcement and insisted now is the perfect moment for him to strike a deal with Club 1872.

The former Ibrox chairman has reached a £13million agreement with Club 1872 that will see his major shareholding in RIFC plc transferred to the supporters organisation over the next three years.

Some fans are unhappy at the move unfolding while progress is being made on and off the park as Steven Gerrard's side set their sights on the Premiership title this term.

King told the Four Lads Had a Dream Podcast: “I think the timing for this is when things are good and it is only because things are good that I can actually do this.

"If they weren’t good, I would still be considering the options and what happens regarding funding. It is only because the club is in a strong position.

"Anyone that knows football knows that it doesn’t begin at the end of the season, that begins the next season and there are always anxieties and concerns. I think in terms of football clubs, it is an ongoing situation in terms of mood.

"My thinking was not affected by the mood or the fact that the team is doing well and may or may not win the league.

"I was thinking I had my shareholding and what should happen and the timing, whatever month doesn’t matter, it is right because the club is healthy. This could only happen at a time when the club is healthy.”