Rangers: King return requires ratification by SFA

King will need to pass a 'fit and proper' test ordered by the SFA if he is to return to Ibrox as chairman. Picture: SNS

DAVE King’s bid to become chairman of Rangers will first need to be ratified by the Scottish Football Association, it has been confirmed.

The South African-based businessman, who is reported to have already lost £20 million when the club went into administration in 2012, released a statement over the weekend in which he revealed that he had been involved in talks with Ibrox officials over plans to invest in the club. “I confirm that I held talks with Rangers chief executive Craig Mather and finance director Brian Stockbridge in South Africa,” said King.

“The discussions were, to my mind, very positive and it was agreed that subject to the normal regulatory approval I would put my name forward to join the board and to serve as chairman.”