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SBD Global/July 12, 2013/Franchises

Former Rangers Chair Malcolm Murray Calls For Financial Transparency

Former Scottish Second Division Rangers Chair Malcolm Murray said that "his departure from Rangers' board will leave institutional investors nervous about the Ibrox club's future," according to the BBC. He "also called for continued transparency about the club's finances." Murray "has written an open letter to Rangers fans after a boardroom shake-up" that also led to fellow Non-Exec Dir Phil Cartmell departing. Murray said, "We cannot go back to the depths of the last two years -- we need to hold course." The former chairman thinks that "the controversy surrounding the club would have disappointed" former Manager, Dir and Vice-chair Bill Struth. He said, "You and I want a squeaky-clean club run by men of the highest integrity and global commercial ability and the highest level of transparency" (BBC, 7/11). In Glasgow, Keith Jackson reported Murray hit back in a "carefully-worded statement illustrating the depth of the bitter boardroom split currently still raging behind the scenes." And the man who was the victim of a smear campaign, and videotaped at the end of a boozy night out by Financial Dir Brian Stockbridge, "came back with all guns blazing last night to launch a salvo at the current regime." In the open letter, Murray said, "I make this statement not for self-gratification or sour grapes but because so many fans have told me that dignified silence will be seen as a sign of disrespect. My previously criticised silence was observed in the best interests of Rangers. Everything I’ve done or do is for the club, not self-interest or financial gain" (DAILY RECORD, 7/10).
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