DAVE KING believes his Rangers share sale is his ‘final legacy’ at Ibrox as he urged fans to ensure the events of 2012 are never repeated.

The former Light Blues chairman has agreed a deal with Club 1872 that will see him hand over his 20.37 per cent stake and make the supporter organisation the largest single shareholder in RIFC plc.

Club 1872 – currently the sixth largest investors with a 4.95 per cent shareholding – will have three years to complete the transaction and have the opportunity to buy all 66 million of King’s shares at 20p each before next December.

The deal should ensure that no one person ever owns Rangers outright in the future and King knows the significance of supporters having a voice after the most tumultuous years in the club's history.

King said: “I have coined the term “Never Again" as I truly believe that this is a once in a lifetime opportunity to make supporters - in perpetuity- the number one shareholder in the Club.

“Fortunately, the present Board supported me in my vision to see an increased shareholder influence for our fans but we cannot be sure of the fondness for this by future directors. The time to achieve this is therefore now.

“Through my engagement with Club 1872 and its present board members (who are all dedicated volunteers) I have developed great trust in the individuals and the organisation.

“I have personally witnessed the strong benefit to the Club of having a collective voice for supporters at the shareholder level. It has been beneficial to have in Club 1872 a supporter group that is willing to challenge the Club when it feels necessary to do so and is also willing to support the Board when key resolutions that protect the Club need to be passed. Club 1872 did that extremely well during my period as Chairman to the extent that I have absolute confidence that Club 1872 is the right vehicle for me to work with to advance supporter shareholder ownership - both now and in the future.

“I would urge Rangers supporters to join Club 1872 today and ensure that the events of 2012 can “Never Again” be repeated."