Paul Murray: “Trust us”

Rangers’ non-executive director
Paul Murray today refused to explain at the Club’s EGM why the board’s motion
to have Mike Ashley’s demand for immediate repayment of the Sports Direct loan rejected
is the right path to take, instead only requesting faith from supporters
regarding the subject.

Rangers’ board have opposed the
request, claiming, among other things, that regaining all of Rangers Retail
Limited is not in the Club’s best interests, and hoping shareholders share
their view.

He merely asked for ‘trust’ as to
a reason why shareholders should support the board’s stance, and Murray, who
chaired today’s EGM in chairman Dave King’s absence, would not elaborate on why
not paying the loan back is the right course of action.

Rangers will release the result
of the vote on Monday morning live on their official website, and should the
board win the vote, will presumably hope to use the loan as leverage to
renegotiate the terms of the various contracts in place.

Whether it is the right thing, or
the ‘Rangers Way’
to use Club debt as a tool for negotiation with the creditors of said debt is
another question.