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Murray criticises 'witch hunt'

Sir David Murray says the decision to pursue oldco Rangers over undisclosed payments to players amounted to a "witch hunt".

Last Updated: 28/02/13 at 19:10 Post Comment

A commission appointed by the Scottish Premier League found there was a failure to properly disclose side-letter arrangements in relation to Employee Benefit Trusts (EBTs) under Murray's ownership.

A fine of £250,000 was imposed on the now liquidated oldco, but the commission ruled there was no reason to strip Rangers of league titles won between 2000-2011.

A statement from Murray in response to the verdict: "The problems arising at Rangers brought no credit to Scottish football and have been a tragedy for the club and its fans. They cannot be condoned.

"Similarly, however, and as stated previously, efforts to bayonet the wounded are equally unjustified and of no benefit to the club or Scottish football.

"Despite knowledge of the existence of EBT arrangements for 10 years, the SPL has never explained why this was only raised as an issue last year.

"The imposition of an irrecoverable fine on an entity which is now in liquidation is futile and only prejudices the ability of existing creditors to recover any money.

"It is saddening that so much time, effort and money has been expended in pursuing a retrospective witch hunt against an entity in crisis, as opposed to seeking to promote and further Scottish football for the benefit of the game and country as a whole."

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G

reat article. Hits the nail on the head. Encapsulates why I don't read tabloid newspapers anymore. The only thing worse is the 'told you so first' headline when they get lucky.

ianonabeach
Time To Burst The ITK Bubble

F

amous. If that can be achieved whilst sitting in your pants and without any degree of hard work, all the better. I have no desire to be famous, but the rest of that line suits me just fine. Great article by the way, well worth the wait.

hunter sanchez
Time To Burst The ITK Bubble

T

here seems to be little focus on the performance of Besiktas. They played very well and stopped Arsenal from playing. Credit has to go to their manager. As much as Arsenal didn't play too well, we kept a clean sheet, but the home side made it very difficult.

Geddy76
Chambers' Poise Impresses Again

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