The Glasgow-born businessman has agreed to pay close to £45 million to settle the long-running case.
But despite forking out the huge sum, King claims the deal will increase his capacity to invest in the Ibrox club, and ensure he passes any 'fit and proper person' test required by the Scottish Football Association.
His words come as Greenock bus tycoon Sandy Easdale claimed to be the new largest shareholder after concluding a deal to buy the shares of former chief executive Charles Green
King told the Scottish Daily Mail: "I regard the sum agreed as being very acceptable. It has no impact on my ability to invest in Rangers. In fact, the opposite is true.
"It means that there are now no restrictions on me whatsoever - plus the 'fit and proper' issue disappears as all fraud allegations were finally withdrawn by the state."