Tycoon with £150m fortune wants to plough money into Rangers - report
Former Rangers chairman Sir David Murray is eyeing up the opportunity to reinvest in the club seven years after he sold the club for a fee of £1 to Craig Whyte, according to a report.
The Daily Express claim on their website that the 66-year-old is hoping for the opportunity to either buy out the shares of current investors or even possibly take a chunk of the upcoming share issue which is to be announced soon.
However, it is said that Murray, who has a reported £150million fortune behind him, may struggle to break into the inner-circle where the shares are to be offered, with Dave King said to be uncertain about allowing his former partner back into Ibrox, although an intention to plough cash into the club is said to be able to turn the current chairman’s head.
He left for the measly sum of £1 as his other businesses struggled to stay afloat, and it was the Gers who suffered under Whyte, going into liquidation and forced to fight their way back to the top flight after being sent to the bottom flight of Scottish football.
Football Insider verdict
Rangers could do with all the investment they could get but there will rightly be questions asked over allowing Murray back to the club after his history. The club are in a stable situation right now under Dave King and they do not need anyone coming in to upset the apple cart. If Murray is serious about his investment, and is willing to put in some meaningful money into the club, then yes, he should be given the opportunity. However if he just wants to jump on the Rangers bandwagon following their impressive upturn in form, and hope to reap the dividends when success comes their way, then his approach should be refused.
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