Keith Jackson and Paul Murray have been tying themselves in knots as they recall the heroic battle that the Borders Banker carried out to save Rangers from administration and liquidation.
After being booted off the Rangers board by Craig Whyte Murray became a whistle-blower with regular updates provided to the Daily Record who then had to get their stories approved by higher sources.
With no real wealth of his own Murray had to rely on other sources in his bid to regain a blazer but despite his best efforts the club that he loved so deeply was put into liquidation in June 2012 after Her Majesty rejected a CVA that would have preserved the 139 year old club.
Today’s episode in the Daily Record claims.
“I wanted to try to pull off a CVA. It was really important because it wouldn’t have led to liquidation of the company – not the club, the company,” Murray emphasises the point with the weariness of someone who has had this particular conversation a thousand times too often.
It seems that he still hasn’t got it right or someone at the Record has opted to publish the truth.
“It would have kept Rangers in the top division albeit with a 25-point deduction. At the very worst it would have meant relegation to the Championship. Liquidation was a disaster we had to try to avoid at all costs.
“The two main creditors were HMRC and Ticketus. HMRC were actually quite receptive to me because they saw me as a decent guy who hadn’t been involved in any shenanigans. I was just trying my best to help find a solution.
“Ticketus also came onside because it made sense for them to do a deal, recoup some of the money they had lost and then help fund the club going forward. Together, if we had the approval of Ticketus and HMRC then we had enough support to push through a CVA.
“Brian Kennedy had a competing offer at the time. I had never spoken to Brian before but out of the blue he called me and said, ‘Look, you guys should be the preferred bidder because you are all fans of the club. I want you guys to succeed’.
“But he also said he was prepared to act as a last resort to make sure, whatever happened, the club could be saved. He didn’t want to compete against us. He wasn’t going to outbid us. He was just standing there behind us in case there were problems.”
According to Murray HMRC viewed him as a decent guy. As a director of Rangers his task was to safeguard the interests of shareholders. By nodding through every contract and every off the books payment to players he failed shareholders and Her Majesty.
Almost 10 years on BDO have still to complete the liquidation which left 276 trade creditors out of pocket with thousands of fans losing Debenture seats in the Club Deck of the Main Stand.
Can anyone show me any apology the radar printed after being told 140 years of history had not ended ?. Trump and the imposter in number ten do not have a look in when it comes to the events in 2012. They are a disgrace to journalism scotlands media shame.
The great pretenders what a shower and the media not much better.
Always surprises me that her majesty didn’t save her true blue loyals she let them DIE, lol!
Right so it was the company that went bust not the club!? So if nobody saved the company the club would be ok?? And why would the club be deducted points if it didn’t go bust. These bams tell so much lies that they forget what everyone knows. All cheats and liars.
Everything about Sevco and the old rangers is just lies deceit ,dishonest cheating backed up by dishonest SFA SPFL , MSM in fact most of masonic dishonest Scotland and it’s still going on today ,the best wee free masonic country in the world,the whole lot of them are corrupt.