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Dave King quits Rangers and leaves ‘task team’ to lead club in crisis

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Dave King last night quit Rangers with a chilling warning over financial fears on the back of the coronavirus crisis. King admits he’s leaving the club at a time of desperate need in a bid to save his wider business interests from Covid-19 collapse.

He made the announcement as he handed over all responsibility for leading Rangers through the worldwide pandemic to an Ibrox task team that will report to vice chairman Douglas Park.

sought clarity from King - who is currently self-isolating - on the club’s planned £20 million cash injection on the back of a new shares issue.

However, he insists it is still on course to be delivered by investors in the far east, including Scot Stuart Gibson, despite the havoc wreaked to the worldwide economy.H

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