Rangers administration: Paul Murray vows to save club from liquidation
FORMER Rangers director and head of the Blue Knights consortium Paul Murray has said he is the man to rescue Rangers from liquidation.
Murray was responding after Paul Clark, of administrators Duff and Phelps, warned over the weekend that “it is certainly possible Rangers would be liquidated” when new owners take charge.
The Blue Knights, American investors Club 9 Sports and a Singapore-based group are all expected to make formal bids for the Ibrox club by Wednesday, the deadline set by the administrators before they choose a preferred bidder.
Murray, a former Rangers director, claims he is closer to an agreement to include in his consortium Ticketus, the investment firm whose controversial £24.4million season ticket deal allowed Craig Whyte to complete his takeover of the club in May last year.
And if Ticketus, who own the rights to a tranche of future season tickets at Ibrox, can be brought on board then Murray is hopeful Rangers can come out of administration with a company voluntary arrangement (CVA).
“It seems the other groups are pushing to put the club into liquidation,” Murray told the Scottish Daily Mail.
“That is not what I want to do. They have their own reasons for wanting that - but it’s not part of my plan.
“Paul Clark was misquoting me if he said I was considering that. I didn’t say that.
“I’m a little bit surprised and concerned, in fact, that the administrators seem to be almost moving things towards liquidation in the last couple of days.
“From my point of view, first and foremost, we want to reach agreement with creditors - a CVA.
“That’s the whole reason I’m talking to Ticketus. Those talks are ongoing and we’re getting closer, although it’s not done yet.
“I’m trying to put in place a restructuring deal that involves a CVA. I think the football and financial benefits of that outweigh the liquidation option.
“So I don’t know why Paul Clark seems to be briefing in that direction. It is certainly not my intention to put the club into liquidation.”
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