Negotiations into a new football kit supplier for Rangers FC will begin tomorrow.
Current suppliers Puma had until today to notify the club on whether or not they would like to continue their agreement beyond the end of this season, with King confirming there had been contact from the manufacturer.
Now, the club will have to decide if they wish to remain with Puma or go with another supplier, although that deal is unconnected with the club’s overall retail setup, with negotiations on that unable to proceed as yet.
King explained: “The arrangements we have with Sports Direct means we can’t go to the market yet and within a certain timeframe. What we are doing at the moment, is putting together the appropriate plans as to what the offering is we want to take to the market at that point in time.
“So, from tomorrow, we will be actively entering negotiations on a kit provider whether that be Puma or someone else.”
King also expanded on other revenue streams open to the club, saying: “We haven’t taken full advantage as it hasn’t been open to us, and they are still not currently open. But if you look at going forward, the Sports Direct deal was so narrow and so restrictive, that the revenue streams were very restrictive.