IT is the day one of the brave new dawn and a small room has been commandeered at Central Park for an impromptu chat with three quarters of the men who now have Rangers in their grip.

King, the Johannesburg-based businessman who is the club's largest single shareholder and de facto power broker, Paul Murray, the club's interim chairman, and fellow director John Gilligan, are in attendance, leaving only transport tycoon Douglas Park, who joined them on the board in the hours following the general meeting, on the sidelines.

If the mantra of the previous day's coverage was the new board feeling the hand of history on its shoulder and going back to the future - rebuilding a new Rangers yet with a nod to tradition - yesterday was the day the hard work started. Friday may have been a great day for the club; Saturday certainly wasn't. But even before a barren, goalless draw against the Fife side which merely demonstrated how far the club have to go, King was promising an end to a brief period of Ibrox austerity.

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Congratulations on your victory at the EGM on Friday. What has been the reaction to taking over and what have you had time to do since then?

PAUL MURRAY: "Apart from the supporters, the most important people at the club are the staff. We spent a bit of time with them at the stadium and ticket office. We also went to Murray Park and had a cup of tea with Kenny [McDowall], Gordon [Durie], Jim Stewart and the rest of the team.

"I hadn't been in the bowels of the club for a long time and just walking round, the feeling of despondency in the staff, the fabric of the club ... there was a feeling that there's a lot to do and yesterday will go down as day zero."

JOHN GILLIGAN: "We were surprised by the despondency when we went to Murray Park. Without patronising them, people were really appreciative of us taking time to go over there. It's been a terrible time for the staff but there are better times ahead."

DAVE KING: "I've been responding to well-wishers from Scotland and South Africa. There have also been messages from guys like Walter Smith who appreciate what changes the club needs. There is a genuine feeling that this is an opportunity for the club to re-establish itself and become a Rangers we all recognise again. At the moment it is pretty unrecognisable.

"Without looking at the numbers, which we haven't seen, just from walking around Ibrox, and being in the ticket office and at Murray Park, it's not obvious there are many costs to be reduced there. If anything it's the opposite, it looks like it'll require investment. Perhaps the money has been spent in the wrong areas, but the club looked absolutely desolate walking through it."

Are you sure throwing more money at it is the right answer? Particularly, as depending on results for the remainder of the season, you could still be in the Championship?

DK: "The idea from a couple of years ago, which just hasn't been executed properly, is that Rangers would operate with a higher cost level to the other clubs. Part of that was to comfortably win the leagues and slowly improve the squad so that when they re-entered the Premier League there wasn't a huge gap to re-structure.

"It hasn't happened. But it hasn't changed the ambition. Even if we end up playing in this league for another season, which is still a clear possibility, we have to keep looking ahead to the Premiership and getting players who can play at that level. What you don't want to be doing is moving up and then trying to build another team. It has to be a seamless process from now on."

How can you afford to make this investment given the huge overheads at the club? Not to mention the fact Mike Ashley controls so many rights and the entire retail operation?

PM: "Remember, latterly, we didn't have that either. JJB had an arrangement with the club and we only got £3m a year in the deal we had. It wasn't as if it was a massive amount of money - it was welcome but not earth shattering. We need to sit down, look at the contracts, understand them and have a conversation with Sports Direct at the time.

"Yes [we have large overheads] but we also have low revenue because the customer base have been neglected for so long that they've voted with their feet. One of our first tasks, which will hopefully start on Tuesday, is that we have seven home games left and we'd like to see them all sold out.

What about the managerial situation? Derek McInnes was appointed Aberden manager in March 2013, allowing him to assess his squad towards the end of that season. Might you do something similar?

PM: "This is a long-term project and there are only 13 people in the club's history who have held the position. We have had people offering their services and there are people we can think about too. We will take our time, draw up a plan and think about not just the first-team."

JG: "I got 186 text messages last night and 185 of them were suggesting who the next manager should be."

Ally McCoist received a good reception at the general meeting. You said you needed to have a discussion with him. Is there any possibility of him returning as manager?

PM: "Ally and Kenny are still employed by the club. But we need to sit down in the cold light of day, calmly, and discuss what their thoughts are going forward. A lot of it is private too. We can't have a public discussion about their contracts of employment. But I'm sure they are delighted with the changes that have happened at the club."

Do you have a particular structure in mind? Felix Magath said recently that he had proposed a structure where he could be director of football with a younger coach underneath?

PM: "We will talk to people in the game who we respect. And we need to keep taking that advice. Rangers are at a different position than we maybe have been in the past and we have to understand that, appreciate that and I am sure we do."

So the Magath model has been brought to the table?

PM: "Yes, that is one model, but there are other models as well. We are looking into the various options we have got. We are not going to take an inordinate amount of time. But we need to make sure we take the right decision. "

What about a chief executive. Could a figure such as Martin Bain return?

PM: "We're going to build a board with professional people. We're going to have people with the skills required - financial, political, commercial, football etc. We have a lot of candidates in mind but will take time to build properly. Martin is a good friend of mine but he is off doing something else just now and there are no plans to bring him back to the club."

JG: "I am a joiner to trade I might need to get the tools out to help upgrade the stadium."

You have spoken about the need for Rangers to rebuild relationships. Will you meet with the likes of Aberdeen, Celtic, Dundee United, the SFA and SPFL to work together for the common good?

PM: "If you look through history, Rangers, as the biggest club in Scotland in my eyes, have always been at the forefront, leading Scottish football. For various reasons we have lost that position but we need to re-establish that. Being on committees, helping shape the game."

How does it feel to have the club tie and blazer back on, if not the brown brogues?

PM: "I'm pleased I still fit the blazer! It's good to have it on."