This assertion was supported by the relatively low price at which he allowed his controlling stake to be bought. On 3 July 2006 the Drumaville Consortium bid was officially confirmed and the offer of £10 million accepted, with Quinn having the unusual dual role of club Chairman and Acting Manager. Murray was appointed as the club's Life President by the new owners. He was knighted in the 2010 Queen's Birthday Honours List. In October 2012, Sir Bob was announced as the new chancellor of Leeds Beckett University.