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Sir David Murray sorry for Rangers sale disaster but defiant over EBTs and untainted trophies
- Sir David Murray, former Rangers owner, apologized in a BBC interview for his role in selling the club to Craig Whyte in 2011 and its liquidation in 2012.
- Murray sold Rangers for £1 amid mounting debts and a £9 million tax bill linked to the club’s use of Employee Benefit Trusts, which led to administration and liquidation.
- Under Murray's 23-year ownership from 1988, he invested nearly £80 million and provided £47 million in tax-free loans to staff while the club won 15 league titles before financial collapse.
- He stated, "I have apologised, but I did a lot of good things for the club," denied wrongdoing regarding EBTs, and called the sale to Whyte a mistake but not illegal.
- Murray's apology reflected his disappointment for fans and staff, and he acknowledged responsibility, suggesting the club's demise stemmed from internal failings rather than external rivals.
12 Articles
12 Articles
The Scotsman
Sir David Murray sorry for Rangers sale disaster but defiant over EBTs and untainted trophies
Former Ibrox chief speaks out ahead of autobiography release
Moonbeams Murray coming out of his cave makes the sober approach of Rangers' new regime all the more welcome, writes GARY KEOWN - Rangers News Feed
GARY KEOWN: No wild promises, a clear statement that this is about ‘sustained winning and winning sustainably’, a determination to create a decision-making meritocracy... The post Moonbeams Murray coming out of his cave makes the sober approach of Rangers’ new regime all the more welcome, writes GARY KEOWN appeared first on Rangers News Feed.
Moonbeams Murray coming out of his cave makes the sober approach of Rangers' new regime all the more welcome, writes GARY KEOWN - Football Insomnia
No wild promises, talk of ‘low-ego decision-making’, a clear statement that this is about ‘sustained winning and winning sustainably’ rather than chucking money around willy-nilly, a determination to create a meritocracy in which a team of the best-available people will be ‘empowered’ to make decisions and then held accountable. That was the sales pitch chairman Andrew Cavenagh and vice-chair Paraag Marathe made to shareholders at the Rangers EG…
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