Season ticket sales money will be handed to Caixinha

Dave King has vowed to repay Rangers fans’ loyalty by ploughing all of the funds received from record season tickets sales back into the team.

Gers have so far seen around 35,000 fans renew their season books and expect to top the 43,000 tickets sold last summer.

Those impressive numbers come despite the Light Blues having suffered a torturous first campaign back in the top flight.

King expects improvements from new manager Pedro Caixinha next season but has vowed to hand him every penny of the £13 million expected to be generated from season ticket sales to re-shape his team.

The Ibrox chairman, who has already stated he will continue financing any shortfall in the club’s revenue stream along with his investor allies, said: “I can only marvel at the steadfast loyalty of our supporters.

“They are appreciated all over the world for the way they have stood by the club in the past five years.

“The team didn’t perform to expectation this season but it is important to remember that some targets have been met. In particular, getting back into European competition was one of our non-negotiables for this season.

“We are now back on that stage and looking forward immensely to the Europa League qualifiers and our ongoing involvement in Europe in the years to come.”