Ally McCoist reckons a return to Rangers for Dave King may be the "best option" for the club.

The former Ibrox chief has offered to return to the top of the boardroom for two years to help stabilise the club and bring in investment.

King - who is the largest shareholder in RIFC plc with a 14 per cent stake - was previously Rangers chairman for five seasons between 2015 and 2020.

And McCoist reckons going for a "tried and tested" option might be the safest for Rangers as he admitted the "club is in a state".

"We've got to do something," said the club legend on talkSPORT. "We have to, the first thing I would like to do is echo the views and wish John Bennett a return to full health. He is a good man and that is the most important thing.

"At this moment in time, we have no chairman, James Bisgrove left for Saudi Arabia, you have got to say, the club is in a state, it is in a state.

"Dave King has come in before, and grabbed the club by the scruff of the neck, shook it around, and turned it around. But can he do it again?

"At this moment in time, I think he is probably our best option. We are not going to get any Arab Sheikh coming over, I don't see it happening.

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"From where I am sitting, the best option would be to go with another tried and tested. He has been there before and had success.

"It would be a gamble, no matter who comes in, but I think someone like Dave King, who has had a proven track record, would be good."

Former director John Gilligan has temporarily been named as chairman following John Bennett's decision to leave his post due to health reasons.

However, King has thrown his name into the mix to be named the new chairman with the club actively seeking a permanent successor to Bennett.

“I think I might be the best person to do it for two years," King had told The Rangers Review. “I don't want to do it for four or five years. But I know the club well enough and I do think it's a two-year job. 

“I wouldn't be looking to invest more money in the club. I don't think that's the way forward for the club. 

“I think, and I can't talk for the other guys, there's investor fatigue within the existing board members. So I think the way forward is in fact for us to attract additional investment.

“There is some interest in the club at the moment, but I think we've got to get away from the model where we just rely on supporters writing out cheques. There is money out there, but that money is not going to come from Rangers. 

“We need to go and find other investors and bring them into the club. And I think that's what we plan for the next two years.