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Murty gets Rangers job for season as King ordered to make shares offer | Football

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Graeme Murty has been handed the Rangers manager’s job until the end of the season, on a day when the chairman Dave King was ordered to make an offer for most of the club’s shares after losing a court case against the takeover panel.

Murty, who has been assured that he will be given the final say on transfers next month, was nine games into his second spell of the year as caretaker, winning six and losing three after stepping up from his role as under-20s coach following the sacking of Pedro Caixinha in October. Derek McInnes was the No1 choice to replace the Portuguese but opted to stay at Aberdeen.

A Rangers statement read: “The club’s directors believe Graeme has demonstrated he is capable of handling this task successfully and are confident the players will continue to respond to his leadership in a positive manner. It should be noted that Graeme will have the final say on which additions will be made during the January transfer window, which should be perfectly understandable given that he’ll be working longer term with the first-team squad.”

Murty, a former Scotland and Reading defender, said in a statement: “It is a genuine privilege for me to be made manager until the end of the season. It’s a huge honour to be asked to do so and I will continue to give everything I have to ensure we have a positive second half of the campaign. There is still so much to play for and we cannot let our fans down. They have been incredible. They have given me so much great support during my two spells in the dugout and I would like to thank everyone for their backing.”

The club added that Murty would be bringing in coaching help in the coming days. Jonatan Johansson retained his position as first-team coach when Caixinha left but various other coaches departed.

King, meanwhile, must submit an offer within 30 days after a written decision by Lord Bannatyne following an earlier hearing at the Court of Session in Edinburgh. The South Africa-based businessman was ruled to have acted in concert with George Letham, Douglas Park and George Taylor when they bought a combined stake of 34% of the club in early 2015.

The Glaswegian is now liable to make an offer totalling almost £11m for the remainder of the shares.

King owns about 15% of the Rangers International Football Club plc shares through his family trust, New Oasis Asset Limited, and the judge rejected his claim that he did not have control over its assets.

Lord Bannatyne also dismissed King’s argument that he could not afford to buy the shares and also rejected his assertion that the 20p share price set by the takeover panel was so far below the market price that shareholders would not accept it. Both arguments were deemed “irrelevant”.

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