There is slight remnants of a letter after the L. It seems like whatever they wrote with is fading, and somewhat getting smeared. There's another autograph on this record and it is smudged. I was just thinking this might be a legit signature and the letter got rubbed off. It does look eeriley similar to Merle's signature.
Thank you for your time! I didn't really know what to think of this signature. I've studied some of his signatures and thought this could be an autograph from the 80's or so, as it's also autographed by Jack Green from T-Rex. Thank you, once again!