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Last Updated: Wednesday, 1 February 2006, 11:22 GMT
Murray defends lack of signings
Murray has promised a major financial announcement soon
Murray has promised a major financial announcement soon
Rangers chairman David Murray has defended the transfer policy that meant only Kris Boyd was signed during the January window.

Murray had previously indicated that money was available to significantly improve the Rangers squad.

But with Hibs turning down an offer for Derek Riordan, Boyd's signing was the only one made by the club.

"The days of Rangers being held to ransom in the transfer market are over," Murray told The Daily Express.

"I told our supporters a few weeks ago we would try to get a couple of quality players in during the transfer window and hopefully they will appreciate we have done our best to fulfil that aim.

"We got one of our priority targets in Kris Boyd but failed in a bid for another in Riordan.

"We felt the offer for Derek was fair given all the circumstances, but we have to accept Hibs' response for the time being."




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