King once threatened to sue former Rangers owner Murray after accusing him of failing to disclose the true nature of the club’s finances when he invested £20million in the pre-liquidation era, a claim Murray flatly refuted.
The Murray Park title has only been used sporadically since the Edinburgh-based businessman sold his stake to Craig Whyte in May 2011 and now King aims to officially sever the link to his former boardroom colleague.
In a written response to questions from fans, King wrote on the club’s website: “From the time that Craig Whyte took the club over the name Murray Park slowly went out of use to the point that the facility is now referred to as Auchenhowie within the club.
“However, in reviewing the questions on this subject it is clear that many of you feel that Auchenhowie is too bland and that the facility should be renamed after a Rangers icon.
“I therefore invite all supporters to submit recommendations for renaming Auchenhowie and, based on the response, I will make a recommendation to the board at the next board meeting.”
Meanwhile, King assured fans the club had “nothing whatsoever to fear from any criminal trial running its course” relating to the club. Whyte is currently the only person facing charges relating to acquisitions of the club.
The Rangers chairman also dismissed the impact of the club’s civil action against shareholder Mike Ashley and former board members Charles Green, Imran Ahmad and Brian Stockbridge.
King said: “There will clearly be legal costs to fund this application but I anticipate that it will lead to the double benefit of the club being compensated for any wrongdoing and also gaining the satisfaction of holding people to account.
“In the bigger picture none of this litigation is a major economic factor nor a major distraction to the management team in driving our football fortunes forward.”
In the first of his responses to fans on Monday night, King claimed that Rangers would “inevitably” compete outside of the Scottish league in the future.