Previous
Watford
West Ham United
5:30 PM UTC
Game Details
Bayern Munich
Hamburg SV
8
0
FT
Game Details
SC Freiburg
Borussia Dortmund
0
3
FT
Game Details
Guingamp
AS Monaco
0
1
LIVE 39'
Game Details
Real Betis
Sevilla FC
1
1
LIVE 69'
Game Details
América
Cruz Azul
3:00 AM UTC Feb 26, 2017
Game Details
Next
By ESPN Staff

Murray questions takeover deal

Rangers non-executive director Paul Murray has insisted Craig Whyte's imminent takeover is not the right move for the club.

Murray proposed a £25 million plan to rival Whyte's deal, which is valued at around £55 million and could be completed this week after months of negotiations, after reviewing the Motherwell-born businessman's plan for the club.

Murray, who has been a non-executive Rangers director for four years, said in the Daily Record: ''I had an open mind on the Craig Whyte transaction but when I saw the final structure of the deal in early April, I felt that it was not in the best interests of the club.

''I therefore believed I had no choice but to table an alternative proposal. In my opinion Craig Whyte has not adequately demonstrated what his strategy is for managing and funding a negative outcome on this matter.

''My proposal would attack these issues in a very different way. The underwritten share issue would raise £25 million and all of the proceeds from this would go into the club.

''We would give everyone the opportunity of participating in this issue and encourage a broad ownership structure.

''Also, the board would renegotiate a new facility agreement with the Lloyds Banking Group to cover the existing debt which I now believe to be at a manageable level.

''Of course debts have to be paid. But Craig Whyte's offer is weighted in favour of the bank rather than the club even though we have a debt level which is more than manageable.

''That is not the right thing for Rangers and the fans need to understand why I'm saying that.''

Comments

Use a Facebook account to add a comment, subject to Facebook's Terms of Service and Privacy Policy. Your Facebook name, photo & other personal information you make public on Facebook will appear with your comment, and may be used on ESPN's media platforms. Learn more.