DAVE KING insists the current Ibrox investors will continue to fund the Rangers rebuilding job in the coming years.

The Light Blues chairman has already ploughed millions into his boyhood heroes alongside the likes of Douglas Park, George Letham and George Taylor.

King has vowed there will be further funds available on and off the park at Ibrox but he is not seeking another source of cash.

He said: “At the moment I wouldn’t be looking for external investment. I think it is easier to do within the existing resources.

“I have got the same commitments from the guys. Quite frankly, until we get a normalised situation on the Sports Direct retail side, it is difficult to go to a third party investor and say ‘here is the business case’ because they will ask questions like ‘where are you with the retail?’ and the fact is that we can’t give a positive answer that would induce anyone to invest.

“I would rather to stick to the investors we have got. I know I can rely on them, I know they are investing for the right reasons and they are not looking for a quick return, whereas third party investors are more likely to look at it on an investor like basis.”

The Ibrox board saw Resolution 11 narrowly defeated at November’s Annual General Meeting.

The motion would have allowed King and Co. to allocate new shares to selected investors and King said: “We can still have a rights issue but it means that Mike Ashley and all these other shareholders are going to participate in it as well. That wasn’t my preference.

“Quite frankly, I am quite indifferent to it. If I put money in as an interest free loan it is the same as equity.

“It is not going to come back out of the club. I am indifferent as to whether it converts in one years’ time or two years’ time, it really doesn’t matter, as long as I know in the meantime that the club is getting the money.

“It is easier to get it, quite frankly, in soft loans from key investors than to go to the market each time and try and do a rights issue.”