caseyjones 0 Posted May 13, 2012 Share Posted May 13, 2012 http://www.dailyrecord.co.uk/sunday-mail/2012/05/13/rangers-in-crisis-david-murray-blasts-sfa-after-they-condemn-sale-of-club-to-craig-whyte-86908-23857659/ Rangers in crisis: David Murray blasts SFA after they condemn sale of club to Craig Whyte May 13 2012 Exclusive by Norman Silvester RAGING David Murray last night tore into the SFA over their blistering report that laid bare his apparent mismanagement of Rangers. The dossier accused the former Ibrox owner of selling the club to Craig Whyte despite being aware of his dodgy business career. The 100-page report from the associationâ??s judicial panel revealed Murray sold the club under pressure from his bankers at Lloyds TSB. It claimed he ignored other directorsâ?? warnings about Whyte. But Murray is seething that nobody from the SFA spoke to him before the reportâ??s publication. The 60-year-old says he would have been willing to meet panel members Gary Allan, QC, Eric Drysdale and Alastair Murning to answer their questions â?? but no one got in touch. And he claimed that the findings on the bank and Whyte were wrong. The report contradicts Murrayâ??s earlier claims that he was duped by Whyte and was unaware of his chequered business history. He claimed to have Googled Whyte and found nothing to alarm him before going ahead with the sale. Murray said: â??The SFA committee have decided to print a document as factual without even giving me the courtesy of responding. â??Surely for the benefit of doubt, at least a meeting should have taken place or an invitation to speak, which they never gave me. I find it incredible that as someone who was owner of Rangers for 23 years that I was not asked my opinion. â??The report is not 100 per cent accurate. â??They have also not taken in account public statements I have made about my role in this. I donâ??t agree with their interpretation. â??Surely having been involved in Rangers longer than anybody, I should have been able to give my side of the story before being criticised in the document. â??The statements that were made about the banking relationship are wrong. â??It wasnâ??t the case that Lloyds wanted out of Rangers especially. They did not want to be in the football industry.â? He added: â??In terms of legal action, I will consider my options.â? Murray has come in for increased criticism from some Rangers fans over his role in the debacle that has seen the club placed in administration and facing liquidation. Yesterday, Gers boss Ally McCoist waded in, saying of the sale to Whyte: â??It certainly looks the wrong decision.â? The three-man SFA panel branded the behaviour of Rangers almost as serious as match fixing. They considered terminating their membership of the association because of Whyteâ??s conduct. But some of the most astonishing findings relate to the period in which Murray offloaded the club. Ibrox officials hired private detectives to investigate Whyte and the probe found serious trails of debt and unpaid taxes. The report claimed chief operating officer Martin Bain warned Murray about this before the sale â?? which wiped £18million off Murray International Holdings Ltdâ??s debt to Lloyds â?? went through. Rangers will have their appeal against sanctions imposed by the SFA, including a one-year transfer ban and a £160,000 fine, heard this week. Last night, an SFA spokesman said of Murrayâ??s claims: â??The panel was only able to consider the evidence put before them.â? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted May 13, 2012 Share Posted May 13, 2012 “It wasn’t the case that Lloyds wanted out of Rangers especially. They did not want to be in the football industry.” If that's the biggest fault he could find in the accuracy of the SFA document, then he's basically saying that the document is 99.999% accurate. 0 Quote Link to post Share on other sites More sharing options...
Ibrox Street Boy 0 Posted May 13, 2012 Share Posted May 13, 2012 "He claimed to have Googled Whyte and found nothing to alarm him before going ahead with the sale." I had to smile at this statement, imagine him sitting in his foreign pile with a glass of wine... I need to see if Mr Whyte is a fit and proper person to take over ownership of this great club. I'll just check him out on Google....ooooh found nothing,good, now I've done a full and proper investigation, he's a fit and proper person...sold 0 Quote Link to post Share on other sites More sharing options...
Guest jicrw Posted May 13, 2012 Share Posted May 13, 2012 I had to laugh at "I am Now Going To Consider My Legal Options" as a Shareholder, so am I! 0 Quote Link to post Share on other sites More sharing options...
bossy 0 Posted May 13, 2012 Share Posted May 13, 2012 I certainly hope he does consider his legal options. As a shareholder myself, I wonder if I myself might have legal recourse against the 'custodian'. Murray taking legal action might flush that out. Especially if he loses. 0 Quote Link to post Share on other sites More sharing options...
UCF2008 0 Posted May 13, 2012 Share Posted May 13, 2012 I think SDM is quite clearly still to this day gagged by LBG, as were the Rangers board at the time of LBG 'running the show' looking back to AJ's continual contradictions of WS on the matter. With that in mind I think it would go without saying that SDM's ego is likely to also be playing a big part in his take on events. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted May 13, 2012 Share Posted May 13, 2012 Murray won't be taking legal action. No chance. He knows fine well that the SFA document is accurate and he's just trying to deflect any heat that's radiating in his direction. 0 Quote Link to post Share on other sites More sharing options...
bossy 0 Posted May 13, 2012 Share Posted May 13, 2012 If there are any legal eagles out there who think small shareholders have a case against Murray then I would certainly be willing to be part of a group action where we could share in the legal costs. 0 Quote Link to post Share on other sites More sharing options...
UCF2008 0 Posted May 13, 2012 Share Posted May 13, 2012 Murray won't be taking legal action. No chance. He knows fine well that the SFA document is accurate and he's just trying to deflect any heat that's radiating in his direction. I hardly think that accurate is how I would describe the document Zappa, but at least the half truths in our defence do add up. As for the findings (not to mention the justice of it all) well that's another story entirely... 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted May 13, 2012 Share Posted May 13, 2012 If there are any legal eagles out there who think small shareholders have a case against Murray then I would certainly be willing to be part of a group action where we could share in the legal costs. If the administrators manage to get a CVA approved and exit administration that way, then you'll still have your shareholding in tact so to speak though, right? I thought the shareholders would only lose their shareholding if Duff & Phelps go with a newco plan. 0 Quote Link to post Share on other sites More sharing options...
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