Rangers keep titles after 'witch-hunt'
Thursday 28 February 2013
Sir David Murray claims Rangers have been the victims of a "retrospective witch-hunt" after a Scottish Premier League-appointed commission found the oldco club guilty of making undisclosed payments to players.
The former owner was responding after oldco Rangers were fined £250,000 for failure to disclose side-letter arrangements to the football authorities in relation to Employee Benefit Trusts (EBTs). The investigation centred on 2000-2011, during Murray's stewardship of the club.
However, the Ibrox side will not be stripped of titles won during this period. The commission ruled that Rangers did not gain an unfair advantage and players were not ineligible.
Murray said in a statement: "The problems at Rangers have been a tragedy for the club and its fans. They cannot be condoned. Efforts to bayonet the wounded are equally unjustified and of no benefit.
"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 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 as a whole."
He described the decision not to strip Rangers of titles as "satisfying".
The former Rangers majority shareholder, whose successor Craig Whyte's failure to pay PAYE and VAT led to the administration process, added: "It is entirely erroneous to state that a contribution to a trust and subsequent loan from independent trustees of that trust to a player is the same as Rangers making a payment to a player."
Latest in Sport
Royal Rumble 2015: Roman Reigns triumphs after The Rock returns to set-up Wrestlemania showdown with Brock Lesnar
What time is the 2015 WWE Royal Rumble on? TV details and full card
Brighton 2 Arsenal 3 player ratings: Did Tomas Rosicky's performance and goal make him man of the match at Amex Stadium?
Liverpool transfer news and rumours: Glen Johnson to stay; Fabian Delph move goes up in flames; Marc-Andre Ter Stegen for loan deal
Brighton vs Arsenal match report: Tomas Rosicky inspirational as Gunners avoid scare
- 1 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 5 This crazy skiing video will leave you feeling queasy
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
British Muslim school children suffering a backlash of abuse following Paris attacks
Greece elections: Syriza and EU on collision course after election win for left-wing party