Dave King: Rangers players let Barry Ferguson down
The South Africa-based businessman, however, had no qualms with Ferguson's conduct on the touchline and was pleased with the former club legend's evident passion.
Speaking to the Rangers Review, King said: "It was actually heart-warming to see someone on the sidelines that really was emotional and passionate.
"You could just see in his face how much he wanted it."
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However, King felt that the players did not show the same enthusiasm.
"The squad let him down.
"As much as we'd probably all accept the fact that the quality of the squad has gone down, they're still better than they produced.
"They should be better than they were."
He further expressed his disappointment, saying: "Once you cross that white line and you're playing for the fans, I just think every player should be playing at his best.
"It doesn't always happen, but the team just looked like they were trying sometimes.
"It was really, really disappointing."
King was, however, heartened by Ferguson's dedication.
"I'd say I was heartened to at least see the level of passion and almost hurt in Barry's face at the way they were performing on the day.
"It came down to a lack of backbone, I think, and just them not trying their heart out."
It was confirmed shortly after his interim spell that Ferguson would not be getting the permanent Rangers job.
The club is yet to announce who will take the reins at Ibrox this summer, with names like Steven Gerrard and Davide Ancelotti linked to the position.
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