Speaking exclusively to Sky Sports News HQ from his home in Johannesburg, King said he and his fellow board members were aiming to restore the Glasgow club to the heights they enjoyed before the ownership of Craig Whyte, who put the club into administration in 2012.
Sir David Murray sold the club to Whyte in 2011, with Rangers already having cut back on spending from years previously. Now King is keen to see them progress, catch up to rivals Celtic and recapture previous glories.
“The last couple of years is a kind of delete, reset – that’s not a benchmark for Rangers Football Club,” King told Jim White. “We are actually trying to get back to the pre-Craig Whyte era, before essentially the Murray Group got into difficulties and caused David Murray to lose control of the club.
“Rangers had, if you take David Murray’s time at the club, which I think was 20 years if I remember correctly, 18 of them were fantastic for the fans and the club but the last couple of years, because David lost control of his own business interests to a certain extent to the bank, the club has ended up being run in the interests of the bank.
“We’ve had a tough four or five years and we accept that. What we are trying to do is come back, run the club, get the right level of support, bridge the financial gap that it now has until we get back to Celtic.
“Hopefully within three, four, five years’ time this will all be a complete thing of the past and we get back to Rangers being, to use the term I’ve used before, a kind of Rangers we would recognise.”
The Glasgow-born businessman said he did not see his chairmanship coming to an end any time soon but admitted he was looking forward to the day when he could take some enjoyment from running the club and not have to deal with the fallout of previous regimes.
“It is certainly not something where I’m sitting here and saying that I’ll be out of here in five years’ time or 10 years’ time, the same with my businesses in South Africa,” King said. “I’ve got no plans ever to retire and I think I view Rangers the same way.
“There is a lot of work to be done and I think if we can get it going, get the structures in place, there is no reason why we shouldn’t continue, enjoy it and continuing running it thereafter because the next couple of years are not necessarily going to be enjoyable.
“It might be rewarding but I can’t say I’ve had a lot of fun over the last four or five weeks spending family time, Saturday and Sunday nights pouring over legal agreements, being frustrated at how people even entered into them in the first place. Quite frankly, I’m hoping that by the end of this calendar year I can get into a position where I can start maybe enjoying it a little bit.”