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MURRAY TARGETS SWIFT RANGERS SALE

Fri 30th Apr 2010 | Clubs Ownership

Sir David Murray insists he is doing everything he can to sell his majority stake in Rangers as quickly as possible.

The club have been on the market all season and Murray has recently held talks with property tycoon Andrew Ellis over a possible takeover, while there has also been reported interest from other parties.

Some fans have expressed concerns over the time being taken for the ownership to change hands but Murray told the Scotsman: "The sooner a deal is concluded the best it will be for all."

Murray, whose group of companies own 92 per cent of Rangers, confirmed the proceeds from any sale would be used to pay off the club's debt, which they have been trying to cut from £31million.

"A buyer would pay a figure to buy a debt-free club," he said. "Rangers are in a much-improved position."

However, the club confirmed this week they are being investigated by HM Revenue and Customs about offshore payments made to players.

If the taxman succeeds in clawing money back, it could cost Rangers millions.

Murray said: "We have a strong case according to our lawyers and will robustly defend it."

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