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Former chairman Dave King values Rangers squad at £200m

:Headline: Former chairman Dave King values Rangers squad at £200m: ID:425139: from db_amp
Dave King believes the Ibrox club will soon start winning plenty of silverware but warns that assets will need to be sold to balance books.

Former Rangers chairman Dave King has valued the Ibrox squad at £200million as he claimed they were on their way to establishing themselves as Scotland's dominant team.

King this week unveiled a plan to sell his major shareholding in Rangers to the Club 1872 supporters' group after stepping down from the board earlier this year.

Rangers are 11 points clear in the Scottish Premiership and King believes they will soon rack up the trophies once they end their long wait for major silverware.

King told STV: "When we came back we clearly didn't have the resources to compete. We've slowly built that up and narrowed the gap, certainly on playing terms.

"We're top of the league on merit and if we can win the league this year, I don't think that will be a one-off.

"I think Rangers can get back to being the dominant team in Scotland."

King claims the investment by directors and others to build up Steven Gerrard's squad means selling players will be "essential" come next summer.

But he feels there are plenty of assets with the likes of Ryan Kent and Alfredo Morelos attracting interest in recent months.

"The last couple of years, we were not a successful club, we were a catch-up club," he said.

"We were investing – I stated this at each AGM – in resources way beyond the expected return to bridge the gap.

"But once you get back up there you can't continue doing that so we have to become a trading company.

"I think we do have assets – for the first time – that we can trade. That's going to become a key part of the manager's job going forward, how to get resources out for value, bring resources in and not weaken the competitive spirit of the team."

When asked how he would value the squad, he said: "If you were to give me a figure, I'd say it could even be as high as £200million, if you take the total squad."

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1Celtic000080265478
2RangersRangers000072234975
3Hearts000046341262
4Kilmarnock00004334951
5St Mirren00003843-543
6Dundee00004454-1041
Relegation Group
1Hibernian00004451-739
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3Aberdeen00003549-1435
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First Phase
1Celtic33246380265478
2RangersRangers33243672234975
3Hearts33195946341262
4Kilmarnock33131284334951
5St Mirren33127143843-543
6Dundee331011124454-1041
7Hibernian33912124451-739
8Motherwell33813124651-537
9Aberdeen33811143549-1435
10St Johnstone33710162446-2231
11Ross County3379173256-2430
12Livingston3339212259-3718
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