Dave Murray is set to pour millions into Ibrox!
According to a report in The Express the man that sold the old club to Craig Whyte for £1 is ready to pump millions into the cash strapped tribute act.
While he soaked up the adulation from 20 years of success the true picture of Murray’s business model began to unravel in the final years before selling out in May 2011.
Despite claiming that he had never taken a penny out of the club the Edinburgh based businessman helped himself to £6m in EBT payments while sending the club towards the morgue.
Last summer the Supreme Court ruled that the EBT payments were a form of disguised remuneration and liable to income tax and national insurance.
According to the report in The Express Murray could be invited to ‘invest’ after the board were given permission to hold a share issue.
Since the funds raised will go to pay off the soft loans made by Dave King and the three bears it’s highly unlikely that Murray will get involved, especially not using his own money.
Despite sending the club towards liquidation and claiming that he was duped by Whyte Murray is still held in high esteem by many Sevco fans for delivering nine-in-a-row plus signing Paul Gascoigne and Brian Laudrup.
While Whyte has been given a lifetime ban by the SFA from Scottish football no action has ever been taken against Murray who masterminded a decade of cheating that cost other clubs millions of pounds in prize money and access to European competitions.
On Sunday Sevco face Celtic.