David Murray

Sir David Edward Murray (born 14 October 1951) is a Scottish entrepreneur, businessman and former owner and chairman of Rangers Football Club. Born in Ayr, Scotland, Murray had formed the company Murray International Metals Limited by the age of 23. The company grew to include steel distribution, mining and property development. In 2008 his estimated wealth was valued at £720 million. Due to the economic recession his personal fortune was estimated to have dropped by 78% in 2009. Murray is perhaps best known for his ownership of Scottish football club Rangers F.C. which he purchased for £6 million in 1988. While owner, the club won 15 League Championships and 26 Cups. Murray stepped down as chairman in 2009, and was replaced by Alastair Johnston. In the New Year Honours 2007 Murray was appointed as a Knight Bachelor.