Sir David Murray, ex-owner of Rangers, has expressed regret over his involvement in the club's financial decline, culminating in its 2012 liquidation. He issued an apology during a BBC interview tied to his autobiography release. Between 2001 and 2010, under Murray’s ownership, Rangers issued £47 million in tax-free loans to players and staff using Employee Benefit Trusts, which HMRC later deemed taxable earnings. Despite previous legal victories, the Supreme Court ruled against the club, and Murray defended his decision-making during Craig Whyte's rapid takeover, which was marked by controversy.
"Of course I'd apologise; I’m not one of these people who run a company and hide. It was a terrible moment..."
"The case unfolded against a backdrop of financial meltdown for Rangers. Years later, Mr Whyte was charged and cleared of taking over the club by fraud."
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