DAVE King settled into the position as Rangers chairman on Friday and quickly alighted on the topic of his predecessors in the role.

Not his most immediate one, of course, given Paul Murray is his key ally on the board of directors that will try to steer the ailing club towards safer waters, but those who came before him - including David Murray - were all dealt with in typically brusque fashion.

Once an esteemed post, a number of fairly unexceptional characters have assumed the office of chairman at Ibrox in recent times. It used to be a tradition at Rangers that their portraits, and those of the managers, are added to the walls of the Blue Room inside Ibrox, but it is one that has fallen by the wayside in recent times. It will stick in the craw of many hardcore supporters to consider it but, if the club is to try to return to the standards set prior to liquidation in 2012, then a local artist may soon be summoned to add the likes of Craig Whyte and David Somers to the gallery of headshots.

"I don't think they merit it - but I think they belong there," said King. "When one looks back on the history of Rangers, this will be part of it and I don't think anyone has the right to self-edit their history. I think it would be wrong. I didn't know they weren't there, quite frankly, but if they are there they're part of what the club is when we look back. History is what it is, good and bad. I think Sandy Jardine once made a suggestion saying he could accept a portrait of Craig Whyte there but we would have to turn it to face the wall."

The last chairman to adorn the wall is David Murray. King still has a bone to pick with him, believing the one-time property and metal magnate was not entirely forthcoming with the facts when the pair shared a boardroom at the Rangers oldco. King lost £20 million during that period and believes Murray was not open about the fact that it was his company, rather than him personally, that was funding the running of the club at that time.

"I wasn't sore about losing the investment or about mismanagement," the South Africa-based businessman said. "I was sore about non-disclosure. I was sore because David Murray never ever let me know that the money that 'we' were putting in - it was my money and not his money. He should have let me know. I never knew at any stage that if something happened to the Murray Group it could come back to Rangers. I believed that we were both putting in surplus cash that we could afford to lose. The fact he couldn't afford to lose it cost me losses that I believe were unnecessary. That's what I was sore about."

In a nod towards olden times, the club have appointed John Greig as its first honorary life president. The man once voted the Greatest Ever Ranger had vowed not to return to Ibrox while the club was in the hands of the previous regime.

"It means a hell of a lot," said the 72-year-old. "I'm very honoured and proud to accept the position. Like everyone else I think the last four years have been traumatic to say the least. I was always hopeful that we could turn the corner and get back to where the club used to be. It's time to build bridges and repair some of that damage and get back to where we're accustomed to be. I think we are on the right track now with this board."