DAVE KING believes Celtic’s dominance of Scottish football is like a ‘pack of cards’ and that it will take just one Premiership title to tip the balance back in Rangers’ favour.

Brendan Rodgers’ side clinched a seventh successive top flight crown with a 5-0 Old Firm win at Parkhead a fortnight ago.

But Liverpool legend Steven Gerrard has been tasked with ending Celtic’s monopoly in the top flight after agreeing a four-year deal with the Light Blues.

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“We appoint a manager who can win games, with more resources, and we take one league away from Celtic,” King said when asked how the Old Firm gap can be closed.

“We only need one league. We don’t need two or three. We need one. Once we take one away, it’s a pack of cards.

“It depends on if they decide to invest or how well they invest. One would expect a reaction from Celtic to the appointment of Steven - we will have to wait and see what it is.

“With all Celtic’s resources they are not a million points away from Aberdeen or Hibs. They have resources that are far less than what we have at the moment.

“We are bringing in a manager we think can tip the balance in our favour.

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“Celtic might be over-resourced but you can still only play 11 players.

“They have a big squad earning a lot of wages but these wages are not all getting on the pitch. There are opportunities there.”

Chairman King and his fellow investors will continue to provide funds in the coming months as Gerrard gets set to overhaul his Ibrox squad ahead of the new campaign.

But the South Africa-based businessman admits Rangers will not be able to post a profit until they are back playing Champions League football.

Rodgers has taken Celtic into the group stages in the last two seasons but King is unfazed by the difficult task of returning Rangers to the top table of the European game.

He said: “If it’s hard then it’s harder for both of us. We don’t have to guarantee it, we have to narrow the gap against Celtic.

“So if Celtic are not getting it then that’s fine in that sense. It’s bad for Scottish football but it doesn’t create a gap between us.

“Celtic’s costs structure is more like we were 10 years ago. We needed Champions League football and if we went into the Europa League we were in trouble because the cost structure was so high.

“Take that away for one season and it will change the numbers in the Celtic side very, very quickly.

“They have the comfort levels we once had of knowing we were going to get Champions League money.

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“We have to take that away from them and hopefully we have started that process on Friday.”

After the failed appointments of Mark Warburton and Pedro Caixinha in recent years, Rangers can’t afford another costly managerial reign.

And King reckons the Gers can take heart from the way Martin O’Neill’s side turned the tables at the start of the century.

He said: “The question was that with Celtic’s resources does it put you beyond them forever then the answer is clearly no.

“We have seen the cycle. I was with Rangers when we thought Celtic would never catch up - never in a hundred years.

“I think it lasted 11 minutes of the next game we played against them. Dick Advocaat said they would never, ever catch up.

“But 11 minutes into the next game they caught up and then went past us because Martin O’Neill came in and figured out a different way to do it.

“You need the right management structure to do it. At the moment we’ve gone more top heavy on management because we have invested in the squad and struggled with stability in the manager’s office.

"We’ve gone the other way. We have now gone very, very strong in the management squad.”