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Sir David Murray's firm in £97m loss


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Sir David Murray, the property and metals magnate who owned Rangers football club, has reported increased losses in his most recent accounts.

 

For the year to last June, his Murray International Holdings company made a pre-tax loss of nearly £97m, some £10m more than the previous year's loss.

 

He had to carry out major repairs to his finances, and had to sell off part of his metals business during the year, at low prices.

 

He sold Rangers to Craig Whyte in 2011.

 

Following the club's subsequent collapse, Sir David said was he was "continually staggered" by revelations from Ibrox.

 

He also Rangers would not have gone into administration if Craig Whyte had honoured his obligations.

 

http://www.bbc.co.uk/news/uk-scotland-scotland-business-22041145

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