DAVE KING has moved to allay fears over Rangers' Stock Exchange suspension and again insisted he has a new Nominated Advisor lined up to come on board at Ibrox.

The former Light Blues director this week claimed victory in his lengthy battle against the Gers hierarchy and is set to get down to work to rebuild the club alongside Paul Murray and John Gilligan.

Nomad WH Ireland quit as the AIM regulator of RIFC plc this week, leaving King with just 30 days to appoint a successor or face seeing the company kicked off the markets.

Derek Llambias again raised the issue of the Nomad King has in the wings as he arrived in Glasgow yesterday but the South Africa-based businessman insists it won't be an issue in the long run.

King said: "I think the point I wanted to make is it's not my Nomad. The club has to have a Nomad.

"I think Llambias should understand that. He's confusing the AIM listing with the club. It's the club that has to have the Nomad.

"All I have done is, in advance of the change of board, ensured there is another Nomad willing to come in. The club has to appoint them so that process can only happen after the general meeting.

"I've got one [lined up] who has done due diligence on the individuals but the key component for any Nomad is the club itself.

"Nomads are concerned about the financial affairs of the club. It's the one area where I've been able to give no more input than what I've read in the newspapers.

"If we succeed [today], and I think we will, then we will get it immediately. It's a process that would be done in a day or so."

As well as appointing a replacement for WH Ireland, King will also have to satisfy City and SFA chiefs over his suitability to run Rangers and assume the role of chairman.

Llambias and Barry Leach this week began the process of drawing down a second £5million loan from Mike Ashley so that Rangers could meet 'cash requirements for the third week of March'.

That would give King another problem to solve once he has his feet under the desk at Ibrox but he insists he and like-minded investors can fund Rangers going forward.

He said: "The arrangement that I've had in the proposals that I gave to the boards was that I would take on 50% of the funding and that I expected other individuals to take on the other 50%.

"That's where your Paul Murrays, George Lethams, Brian Kennedys and Douglas Parks all come in.

"It would be a 50/50 split but I don't see me as carrying the sole burden. Initially we thought £16m to £20m would be the right level for the next couple of years ... but right now my indication is that the figure would be higher."

The return of King to Ibrox has been warmly welcomed by supporters in recent days as he gets set to bring the boardroom battle to an end.

The former Light Blues director has been at the forefront of the fight for many years and knows a significant job awaits as he looks to turnaround Rangers' fortunes on and off the field.

He said: "I am ready. It is something I have been working on for a couple of years.

"It is a little bit daunting to think of what we now have to do. The one thing that is clear to me, when I look at the club now versus last year when I tried to get in, I think the club is broken.

"It is not just the team. The stadium, the infrastructure, the whole value system within the club has disappeared.

"That is why I think it is absolutely critical that we hit the ground running. After [today] we have really got to go and kick-start it and inject a bit of energy."