Ashley’s attempt was rejected by a High Court judge and King dismissed the possibility that he had been intimidated by the billionaire’s actions.
“On a scale of one to ten it doesn’t get to one,” King told the Telegraph. “The threat of going to jail was quite amusing. My family said ‘We’ll see you at Christmas. Which jail will we see you at?’
“This is what I do. I wouldn’t have taken it on at Rangers if I didn’t have the temperament and the personality. I signed up to do it. And then I’ll make a decision.
“If Sports Direct is completely done and the club is back on a certain footing, it would then make sense for me to say, ‘I’m happy to step down and not be chairman’, but right now, in my view, the club still needs someone like me to continue with the fights and the negotiations.”
King was asked if he felt that Ashley had a personal vendetta against him.
“His view is about winning the fight and less about the money. We are all losing in that sense,” King said to the Telegraph.
“Under normal commercial circumstances this would have been settled some time ago. Is it me? I think it is me to a point because I am the focal point of Rangers’ resistance, which is why I am the one he was trying to put in jail and intimidate me and sue me.”