A potential deal between Dave King and Club 1872 for the sale of the former Rangers chairman's shares has fallen through.
The proposal, which would have seen the Rangers supporters group owning a majority of the club's shares, has now been terminated.
King revealed in a statement that plans to allow Club 1872 more time to complete the purchase have proved "futile" with the financial sums paid out by December 2022 falling well short of the initial agreement.
Among potential reasons given for the deal being terminated, King blamed "the club's recent campaign against Club 1872 and its officers"
He said: "It is with disappointment that I advise that the agreement for Club 1872 to acquire my shareholding in Rangers has been terminated.
"This year was to be the final year of the agreement and despite my previously stated intentions to extend the agreement (to provide Club 1872 with more time) it has become clear that this will be futile.
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