King has served at Ibrox for four-and-a-half years, with Gerrard revealing he had a big hand in encouraging him to make the move to Ibrox in summer 2018.
Speaking ahead of tomorrow’s match with Feyenoord, Gerrard said: “I met Dave on Saturday night and had dinner together where he told me about his decision. I’ve got massive respect for Dave and the job he’s done chairing the board
“Dave is somebody that I trust very much as he’s given me fantastic support. He was big influence on my decision to come here in the first place.
“The main thing that came out of meal was the relationship won’t change. He’ll still be there for me and that’s very important.
“We always have a review of where we’re at and that won’t change. We‘ll continue to sit down when he comes over. I’ve got contact with him whether it be email or phone and he’s always been very quick to respond and always been there for me from day one.”
The manager was also asked if the potential to qualify for the Last 32 of the Europa League or potentially winning the League Cup next Sunday would be a fitting way to end his chairmanship.
Gerrard dismissed that, however, saying: “I don’t think the games moving forward will impact his legacy. You saw the reaction at the AGM and the reaction since the news.
“I’ve got nothing but admiration and respect for him from a personal point of view having got to know him. He’s a good guy – a good type who cares about this club and its supporters.
‘I’m sure the club and board will continue to move forward and it’s important that he’s staying.”