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Murray sheds light on Rangers consortium

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12 Mar 2012 12:47:06

Murray sheds light on Rangers consortium

Former Rangers director Paul Murray has revealed some of the backers who are involved in his Blue Knights consortium and explained his reasons behind collaborating with Ticketus.

Murray said on Friday night that Ticketus, whose money allowed Craig Whyte to complete his takeover, were backing his consortium along with the main supporters' groups. Murray revealed that motoring tycoon Douglas Park was among those who have expressed interest in his group, along with fund manager John Bennett of the Henderson Group and property adviser Scott Murdoch of CWM.

Murray added in the Daily Record: "There are still discussions taking place with a number of other individuals and, over the next few days, they too will become known to the Rangers supporters. The make-up of the group is not final but it is beginning to become clearer."

He added: "As I have said before, there is room for anyone else who wishes to step forward. We need individuals with money and ideas who can help move Rangers forward."

The decision of Murray and fans to combine with Ticketus was something of a surprise given the firm's association with Whyte's takeover.

Their £24.4million cash injection for the rights to sell season tickets was used by Whyte to pay off the £18million bank debt he had pledged to settle himself.

The firm's entitlement to those tickets could yet be the subject of a legal battle. Sources close to Ticketus insist they have sound legal advice from Scottish and English lawyers saying their contract is valid, however the club's administrators are thought to have a different view.

However, Murray argued that Ticketus, as the largest stakeholder in the club, have a "complete alignment of interest" with his group to see Rangers survive and prosper.

He added: "There are two parties involved as creditors - HMRC and Ticketus - and the last thing the club needs right now is any kind of long legal battle.

"If we can move forward with Ticketus we can proceed in the best interests of the club. That would mean Ticketus would not be involved in any CVA agreement that we hope to reach with HMRC."


PA

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