pete 2,499 Posted October 14, 2015 Share Posted October 14, 2015 Former Rangers owner Sir David Murray's profits soar 10:30, 14 Oct 2015 Updated 14:37, 14 Oct 2015 By Keith McLeod MURRAY'S firm reported a £13.6 million pre-tax profit and a 54 per cent rise in value to £35 million. FORMER Rangers owner Sir David Murray has seen a profits jump and a 54 per cent rise in value of his Murray Capital Group. It comes after MCG raised £11.8 million from the sale of its stake in the UK’s leading bus and coach builder Alexander Dennis, based in Falkirk. Murray’s firm reported a £13.6 million pre-tax profit and a 54 per cent rise in value to £35 million. Pre-tax profit in 2013 was a modest £48,000. Murray was part of a consortium which rescued Alexander Dennis in 2004. MCG acquired its key assets from Murray International Holdings between 2011 and 2013. MIH was wound-up earlier this year owing Lloyds Banking Group £200 million following debt write-offs of £268 million. MCG now has a turnover of £145 million, compared to the £170 million turnover of MIH in 2012, reports the Herald. MCG was 100 per cent owned by Murray in 2014, but during the current year he has “gifted” shares to close family members, though still maintains a controlling interest. Murray purchased Rangers in 1988, then controversially sold the club to Craig Whyte for £1 in 2011. http://www.dailyrecord.co.uk/news/business-consumer/former-rangers-owner-sir-david-6630601#rlabs=2%20rt$sitewide%20p well David maybe you can bring Oldco out of liquidation as it was your doing that got it there. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted October 14, 2015 Share Posted October 14, 2015 MURRAY'S firm reported a £13.6 million pre-tax profit and a 54 per cent rise in value to £35 million. FORMER Rangers owner Sir David Murray has seen a profits jump and a 54 per cent rise in value of his Murray Capital Group. It comes after MCG raised £11.8 million from the sale of its stake in the UK’s leading bus and coach builder Alexander Dennis, based in Falkirk. Murray’s firm reported a £13.6 million pre-tax profit and a 54 per cent rise in value to £35 million. Pre-tax profit in 2013 was a modest £48,000. Murray was part of a consortium which rescued Alexander Dennis in 2004. MCG acquired its key assets from Murray International Holdings between 2011 and 2013. MIH was wound-up earlier this year owing Lloyds Banking Group £200 million following debt write-offs of £268 million. MCG now has a turnover of £145 million, compared to the £170 million turnover of MIH in 2012, reports the Herald. MCG was 100 per cent owned by Murray in 2014, but during the current year he has “gifted” shares to close family members, though still maintains a controlling interest. Murray purchased Rangers in 1988, then controversially sold the club to Craig Whyte for £1 in 2011. http://www.dailyrecord.co.uk/news/business-consumer/former-rangers-owner-sir-david-6630601 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted October 14, 2015 Author Share Posted October 14, 2015 Ha ha beat you too it . I will delete the other one. 0 Quote Link to post Share on other sites More sharing options...
limeburner 0 Posted October 14, 2015 Share Posted October 14, 2015 Some are so proud,NOT!! 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted October 15, 2015 Share Posted October 15, 2015 Ditch my overdraft, my loan, my van's leasing contract and i could turn a very healthy profit too. lol 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,808 Posted October 15, 2015 Share Posted October 15, 2015 If anything, Murray could indeed try to get OldCo out of admin when the time comes. 0 Quote Link to post Share on other sites More sharing options...
buster. 5,257 Posted October 15, 2015 Share Posted October 15, 2015 Who allegedly said that 'Sir Duped leaves a nasty taste in the mouth.'? a. Martin Bain b. Jack Irvine c. Alastair Johnson 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted October 15, 2015 Author Share Posted October 15, 2015 Who allegedly said that 'Sir Duped leaves a nasty taste in the mouth.'? a. Martin Bain b. Jack Irvine c. Alastair Johnson Martin Bain had a good salary and bonuses from Murray so I don't think it would be him. Irvine was also on his payroll so doubtful. Must be c. Alastair Johnson I would imagine 0 Quote Link to post Share on other sites More sharing options...
buster. 5,257 Posted October 15, 2015 Share Posted October 15, 2015 Martin Bain had a good salary and bonuses from Murray so I don't think it would be him.Irvine was also on his payroll so doubtful. Must be c. Alastair Johnson I would imagine It was D,... all of them and tbh it's partly made-up for a a. Bain,... well for many years he was rumoured to have taken up kneeling positions to Sir Duped. b. Irvine,... here's hoping that there will be at least metaphorical 'collatoral damage' coming his way that may yet have him regretting knowing Sir Duped. c. Johnson,... you were right in that he is the man to actually come out on the record and pointedly talk about "Murray" as more or less having played a less than honourable role. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted October 15, 2015 Share Posted October 15, 2015 If anything, Murray could indeed try to get OldCo out of admin when the time comes. Pray tell, how? 0 Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.