of under-performance upon the expectation. In 2005–06 Rangers secured qualification from the group stage of the Champions League, becoming the first Scottish side to reach the last-sixteen knockout stage of the competition in its current format. In 2007–08, Rangers reached the final of the UEFA Cup but lost 2–0 to FC Zenit at the City of Manchester Stadium. Rangers went on, however, to win a Cup Double, of the Scottish League Cup, and the Scottish Cup. In 2001–02, Murray abandoned his previous insistence that Rangers would never leave Scottish football, arguing in support of a move by the Old Firm to the better-resourced English leagues, and ultimately the Premier League. This, Murray and others argued, would provide substantially increased income from growing television revenues, and with it the potential for the club to operate in a more competitive environment which could help boost performance in European competitions. Due to allegations of Rangers running an undeclared payment system outside of player contracts and therefore improperly registering players with the football authorities, the possibility arose of titles won by Rangers during Murray's reign being revoked. Murray strongly denied claims of any wrongdoing during his stewardship. A Scottish Premier League independent commission took place 2013 into alleged "undisclosed payments" by Rangers. It found that Rangers had deliberately failed to disclose the trust payments in order to withhold information from HM Revenue & Customs (HMRC) and fined the old company £250,000. It had been anticipated that the investigation would revoke honours won by Rangers during the period that the trust payments were made (five League titles, four Scottish Cups and five League Cups), but this was not done because it was considered that Rangers had not obtained any sporting advantage by withholding information. Finances In a quest to fulfil Murray's ambitions for Rangers in Europe, a period of unprecedented spending under the managership of Dick Advocaat saw the club's debts increase. As anticipated television revenues failed to materialise and the club's income failed to offset the growing cost of transfer fees and player salaries. Murray said; "For every five pounds Celtic spend, we will spend ten," in 1998. By 2001, with the appointment of Alex McLeish as manager, Murray acknowledged that mistakes were made, saying "we got it wrong. We obviously spent far too much money. We can't let it happen again because that would be total mismanagement." A radical programme of cost-cutting was