Dave King has announced that the plans for his Rangers shares to be sold to fan group Club 1872 are over.
The supporter group completed their first share purchase from the former chairman two years ago after a £13million deal was agreed with King over his major shareholder status at Ibrox. The agreement would result in Club 1872 gaining more than 25 per cent of shares in an attempt to give fans a voice.
Yet the South African-based businessman has now revealed that plans to give the organisation more time to pay out sums by December last year have proven to be 'futile'.
