IT was no surprise that Paul Murray had a go at the previous incumbents of the Rangers boardroom this week.

I am sure it will not be the last barb aimed at those who have held power at the Glasgow giants.

The new directors said after they took over at the EGM they would look under the hood to try to find out exactly what had gone on in the past few years.

The information unearthed about the five Newcastle United loan signings and the £300,000 cost of the general meeting will not be the final bombshells to be delivered.

There is no doubt in my mind that the more they dig the more they will find out.

I was stunned when I heard the Newcastle players - only one of whom, Haris Vuckic, has played regularly for the side - had been signed without undergoing medicals. The first thing any club does when they bring in a new player, even if it is a loan deal, is to check they are fit.

Rangers are paying part of their wages while they are in Glasgow. So, for the former directors not to insist they underwent the proper procedure, was ridiculous.

And not only are Rangers paying for part of their wages, they are also paying the rent on five flats in Glasgow for each of them to live in. And two of them haven't even been up here!

But the new board's immediate priority is to make sure Rangers are all right just now. That is why they have arranged a £1.5million interest-free loan from the Three Bears that is not secured on any assets.

It is a far better option than accepting another £5m loan from Mike Ashley. This way, the directors don't have to be looking over their shoulder at what Ashley is doing. Nor do they have to accept two of his representatives on the board.

We know the club is strapped for cash. We know not a lot can be done until a decision is made on whether Dave King is passed "fit and proper".

As soon as that happens, there will be a share issue. There is talk about £10m being raised through investment from King and the Three Bears.

I don't think that will be the end of the fund-raising. They will speak to other investors about ploughing money in.

There are difficult times ahead. But at least there are people in control now with considerable professional expertise and the best interests of Rangers at heart.

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