Bluepeter9 5,167 Posted April 25, 2010 Share Posted April 25, 2010 SDM is now ONLY worth £110M (which means in our terms he will have little liquidity and no money for us)It just shows that Rich is not enough to own a big club, Super Rich to invest and that is ties us to their sucess or otherwise so we MUST work within our means (IMHO) and keep our future intact.http://www.timesonli...icle7107365.eceSir David Murray is the biggest loser in The Sunday Times Rich List, haemorrhaging £390m of his personal fortune over the past year. The owner of Rangers and head of Scotland's largest private company has seen his estimated wealth slashed by almost 80% in the list, which is published today. It shows that the richest people in Britain have seen a record boom in wealth in the past year of 30% — the largest rise since the list was first published 21 years ago. However, the chairman of Murray International Holdings (MIH) has seen his fortune decline from £500m to £110m, a drop of 78%. As a result, he has fallen 508 places, from 88 to 596, in the league of Britain's super rich. Murray's business empire, which includes steel, property, call centres and a majority stake in Rangers, has been badly hit by the economic downturn. Philip Beresford, compiler of the list, said: "In the past, Murray has been able to do well when there has been a downturn because if one section of his business did badly, he could rely on the others. But this time they have been affected at the same time. Murray's major investments — steel, commercial property and football — all went down at once." Beresford said that a clearer picture of MIH's difficulties would emerge in the near future, when its latest accounts are filed. "The latest accounts have been delayed and the business is weighed down by £759m of debt at the last count," said Beresford. "However, Murray is a tough entrepreneur and will bounce back." Murray declined to comment on his Rich List ranking or MIH's financial position. However, a source close to the businessman said: "We will survive. We remain confident about the future." Link to post Share on other sites More sharing options...
Stu1993 101 Posted April 25, 2010 Share Posted April 25, 2010 hes gave us alot of good memories, i feel sorry for the man. Link to post Share on other sites More sharing options...
GersBear 6 Posted April 25, 2010 Share Posted April 25, 2010 As do I. He's invested so much in us over the years. Link to post Share on other sites More sharing options...
WVB 2,560 Posted April 25, 2010 Share Posted April 25, 2010 I hope he loses everything. That's what he deserves for the way he has fucked our club over.When he has to sell his own family silver, maybe (but I doubt it) he'll regret his actions or more latterly, his inaction. Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted April 25, 2010 Author Share Posted April 25, 2010 hes gave us alot of good memories, i feel sorry for the man.Hard to feel that sorry for someone still worth £110M but he did well by us (IMHO) but being tied to one mans luck and fortune is a dangerous path for us. Link to post Share on other sites More sharing options...
Stu1993 101 Posted April 25, 2010 Share Posted April 25, 2010 i agree he is still very rich, but he did still invest alot in us and bring us great success Link to post Share on other sites More sharing options...
ianwrsc 23 Posted April 25, 2010 Share Posted April 25, 2010 F**k Him Link to post Share on other sites More sharing options...
Sgt. Pepper 117 Posted April 25, 2010 Share Posted April 25, 2010 Where sending money to third world countries whilst this poor man is living In such povertyWe should send all of the next fundraiser money to SDM Link to post Share on other sites More sharing options...
GersBear 6 Posted April 25, 2010 Share Posted April 25, 2010 I just consider this, if it wasn't for him we wouldn't have had most of the 9iar squad. Link to post Share on other sites More sharing options...
Stu1993 101 Posted April 25, 2010 Share Posted April 25, 2010 Live Aid for Sir David Murray Link to post Share on other sites More sharing options...
adamlafferty 1 Posted April 25, 2010 Share Posted April 25, 2010 Wish I was down to my last £110M . Link to post Share on other sites More sharing options...
Edin-Bear-ugh 1 Posted April 25, 2010 Share Posted April 25, 2010 I hope he loses everything. That's what he deserves for the way he has fucked our club over.When he has to sell his own family silver, maybe (but I doubt it) he'll regret his actions or more latterly, his inaction.what a fucking disgrace you are. No man deserves what you are wishing for. If no buyer comes in and Murray goes down. So do we. Link to post Share on other sites More sharing options...
WVB 2,560 Posted April 25, 2010 Share Posted April 25, 2010 I just consider this, if it wasn't for him we wouldn't have had most of the 9iar squad.I prefer to recognise our first 9-in-a-row, when we hadn't got a shower of mercenaries on the books. Link to post Share on other sites More sharing options...
WVB 2,560 Posted April 25, 2010 Share Posted April 25, 2010 If no buyer comes in and Murray goes down. So do we.Aye, so we will. Link to post Share on other sites More sharing options...
dee9 3,997 Posted April 25, 2010 Share Posted April 25, 2010 Im a big fan of SDM and always will be! Link to post Share on other sites More sharing options...
WVB 2,560 Posted April 25, 2010 Share Posted April 25, 2010 Im a big fan of SDM and always will be! I'm a Rangers fan myself. Link to post Share on other sites More sharing options...
dado1 23 Posted April 25, 2010 Share Posted April 25, 2010 if it wasnt for sdm there would have been a good chance we would never had won 9iar. Link to post Share on other sites More sharing options...
bahrain_loyal 0 Posted April 25, 2010 Share Posted April 25, 2010 SDM is now ONLY worth £110M (which means in our terms he will have little liquidity and no money for us)It just shows that Rich is not enough to own a big club, Super Rich to invest and that is ties us to their sucess or otherwise so we MUST work within our means (IMHO) and keep our future intact.http://www.timesonli...icle7107365.eceSir David Murray is the biggest loser in The Sunday Times Rich List, haemorrhaging £390m of his personal fortune over the past year. The owner of Rangers and head of Scotland's largest private company has seen his estimated wealth slashed by almost 80% in the list, which is published today. It shows that the richest people in Britain have seen a record boom in wealth in the past year of 30% — the largest rise since the list was first published 21 years ago. However, the chairman of Murray International Holdings (MIH) has seen his fortune decline from £500m to £110m, a drop of 78%. As a result, he has fallen 508 places, from 88 to 596, in the league of Britain's super rich. Murray's business empire, which includes steel, property, call centres and a majority stake in Rangers, has been badly hit by the economic downturn. Philip Beresford, compiler of the list, said: "In the past, Murray has been able to do well when there has been a downturn because if one section of his business did badly, he could rely on the others. But this time they have been affected at the same time. Murray's major investments — steel, commercial property and football — all went down at once." Beresford said that a clearer picture of MIH's difficulties would emerge in the near future, when its latest accounts are filed. "The latest accounts have been delayed and the business is weighed down by £759m of debt at the last count," said Beresford. "However, Murray is a tough entrepreneur and will bounce back." Murray declined to comment on his Rich List ranking or MIH's financial position. However, a source close to the businessman said: "We will survive. We remain confident about the future."There will never be anyone else that will be able/willing to invest as much as SDM did into this club. All the best to him, I have aways been gratefull to him. Link to post Share on other sites More sharing options...
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