After 12 years as chief executive King will continue to assist the club's ongoing attempts to start work on a new stadium at Fossetts Farm.
This added further spite to his feud with his erstwhile employers, especially ABAE chief executive Paul King.
Chief executive Ian King said he was disappointed the two companies were unable to reach agreement with government stakeholders.
The ABA has rejected his complaint, with chief executive Paul King saying the bonus scheme was ended in 2007.
Sainsbury's chief executive Justin King said the company had delivered "another quarter of good sales in a challenging retail environment".
"We've delivered a solid sales performance, in line with our expectations, in spite of the continued tough consumer environment, " said Sainsbury's chief executive Justin King.
Mr Olver and chief executive Ian King have sought to reassure investors that the group can still "prosper in the future" despite the deal's collapse.
Chief Executive Justin King said in a conference call that the company could see strong Christmas shopping ahead of an expected rise in U.K.'s value-added tax.
Chief executive Justin King said the company's performance was "good".
BBC: Sainsbury's full-year profits fall despite rising sales
Chief executive Ian King and chairman Dick Olver were, after all, pursuing a deal that some BAE investors - notably its biggest, Invesco Perpetual - did not want.
BBC: BAE Systems: Where now for the UK's biggest manufacturer?
"We were clear last year that we needed to fix the basics of our offer for customers and we have made good steps forward, " chief executive Justin King said.
Beijing bronze medallist Tony Jeffries also criticised the organisation after signing pro forms with Dennis Hobson last week, although ABA chief executive Paul King said it "has no responsibility for the elite boxing programme".
"We said at the time that we saw our involvement as much more than a one-off sponsorship - we wanted to be part of the movement and to play our part in ensuring a lasting legacy building on the momentum created last summer, " said Sainsbury's chief executive Justin King.
The chief executive of the King's Fund, Niall Dickson, said "the devil will be in the detail".
Rabbi Julia Neuberger, chief executive of the King's Fund, said the money should be poured into areas like mental health and elderly care where it could make the most difference.
He was just doing his job as a so-called white-hat hacker for AirTight Networks, a manufacturer of wireless intrusion protection hardware and software that was invented in India and brought to market in the U.S. AirTight's chief executive, David King, sends hackers out for unsolicited security assessments.
The letter was signed by chief executive of Tesco, Philip Clarke, Asda Stores boss, Andy Clarke, the chief executive of J Sainsbury, Justin King, and Dalton Philips, chief executive of Wm Morrison Supermarkets, among others.
"I'm disappointed, but undeterred in our quest to bring NBA basketball back to the Pacific Northwest, " said King County Executive Dow Constantine.
There was none, said the group's executive director, Jeffrey King.
"We stood firm on our stance that there is no way to support charging veterans' insurance companies for service-connected treatment, " said Jim King, executive director of AMVETS, a leading veterans' advocacy organization.
Thank you. (Applause.) Lieutenant Governor Owen, King County Executive Dow Constantine -- thank you all for being here. (Applause.) And I also want to thank Trudi Inslee, who was here earlier.
WHITEHOUSE: Remarks by the First Lady at a Campaign Event -- Seattle, WA
"We are impressed by the business and we believe that by bringing the two sets of assets and people together we can create one even better company going forward, " said Greene King chief executive Tim Bridge.
Hansen, founder of Valiant Group, this week released a letter he wrote to Seattle Mayor Michael McGinn and King County Executive Dow Constantine thanking them for their co-operation in putting together a proposal that includes building an arena near the stadiums used by Seattle's pro football and baseball teams.
Or at least that is what Justin King, chief executive of Sainsbury's, tells me.
The proposals were welcomed by Peter Bolton King, chief executive of the National Association of Estate Agents (NAEA).
King, chief executive who oversees 40 people two-thirds of them software engineers and set designers at San Antonio, Tex.
John King, chief executive of the House of Fraser, said John Lewis "should come to Belfast instead of Lisburn".
But Paul King, chief executive of the UK Green Building Council, supported the latest details outlined by Mr Clegg, saying that the Green Investment Bank would play a central role in the green economy.
BBC: Clegg: UK green bank 'to begin investing in April 2012'
"We let opportunities define our model, " says Jeff Gregory, 47, King's chief executive since his brother announced his retirement in January.
Chief executive of Sainsbury's Justin King said his supermarket was committed to doubling the amount of British food it sold by 2020.
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