I have sources that run as deep as the corruption at Ibrox. The information I’m about to impart to you has been a closely guarded secret since 1988, when David Murray acquired Lawrence Marlborough’s 52% stake in RFC (1L). If this is not an exclusive, then by all means refer me to the section in Paul McConville’s legacy site, or the appropriate RTC archive.
The received wisdom is that David Murray paid £6m for a controlling interest in Rangers. This money was borrowed from The Bank of Scotland, a bank that would in time bet its very existence on Murray. It was a losing bet.
However here’s the kicker :
“In addition to the £6m purchase price, Murray paid Marlborough $1,000,000 tax free in a cash bribe. A senior Murray International plc employee travelled to Marlborough, who at this point had relocated to the United States, to deliver the payola in a suitcase.”
Marlborough knew that Murray was bent, but as he did not have the business acumen of his grandfather, he did what Real Rangers Men have done ever since. He cashed in and evaded tax. Murray has been ripping off HMRC since 1988. When I mentioned that the Souness/Smith 9-in-a-row was won on a platform of tax evasion, prior to the introduction of the sophisticated DOS/VSS and EBT artifice, I knew that Murray was not playing by the rules. He was paying players off the books while Jim Farry played ‘The Sash my father wore‘ on the flute. If you think dual contracts started in 1998, think again.
Marlborough knew Murray was a wrong’ un, but he did not give a flying fuck as long as he paid the $1m bribe
As soon as the ink was dry on the contract, Murray used Rangers as his calling card to solicit £1,000,000,000 in soft loans; and to rape HMRC and Rangers with impunity.
Murray engaged in two decades of financial rape, plunder and chicanery on an industrial scale at Ibrox, The Gyle and The Mound, headquarters respectively of RFC, Murray International and the Bank of Scotland. Despite being as wide as the Clyde at Gourock, Gordon Brown recommended Murray for a knighthood. You could not make it up.
Murray played fast and loose with other people’s money. To his mind, the dual contracts and the $1m inducements paid to Marlborough and Johnstone were part and parcel of a corrupt game that he played better than anyone else. He was the smartest guy in the room. He had a finger in every pie. If any company wanted to be part of the supply chain at Ibrox, Murray had to be bribed with equity or a direct kickback.
Murray was brazen. He might as well have turned up in the directors box at Ibrox wearing furs and a Viking Helmet as he serially raped the club. If you were stupid enough to invest in Rangers, as was the case with Joe Lewis, or had a hot £20m burning a hole in your pocket as was the case with King, Murray would shaft you so vigorously that you would forget your PIN number.
To those who have closely observed Rangers since the 1980s it should come as no surprise that a succession of venal, ill-educated, coarse and corrupt individuals were attracted to the anarchic world of Scottish football. Men of character and probity such as the late Hugh Adam were a rarity and it is no surprise that his oft repeated observations on shoddy business practice and criminal behaviour continue to have resonance to this day.