Paul Murray Confident Rangers Will Attract Investment After their AGM

Former director of oldco Rangers Paul Murray is confident that the club will attract new investment if boardroom changes are approved at the club’s AGM in December.

Murray was speaking at a forum in Glasgow attended by the Scottish League One club’s fans, alongside Jim McColl, former Rangers chairman Malcolm Murray and board nominees Scott Murdoch and Alex Wilson.

Murray was asked how confident he was fresh investment would come into Ibrox if the new group was successful and he responded: “Very confident. This is a fantastic club and a good business.

“I sat on the board for four years when we generated £20m in cash. That wasn’t down to me, it was down to Walter Smith and the team. But it shows it is not impossible to run the club properly.

“What we have been told by the investors we have spoken to, both public and private, is that if we get the right board and business plan together then they will back us with more money.

“People can see the value of Rangers in the long-term. But no-one wants to put money in when you have an unstable situation and concerns over financial matters and governance.”

The Rangers AGM will be held on December 19.