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Breaking News: Rangers to be sold before Xmas


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Apparently this will be front page news tomorrow...

 

Craig Whyte the name - along with our old chum Ellis and possibly backed by the Russian fella Vladimir Antonov is the rumour.

 

Craig Whyte is the principle shareholder of investment vehicle Liberty Capital and has apparently been closely involved in protracted negotiations with representatives of the club. His impressive financial background and turnaround specialist knowledge are seen as valuable virtues by Sir David Murray as the current owner looks to sell his 91% stake in the club.

 

More to follow - keep an eye on the front pages tomorrow!

 

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Edited by Frankie
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The Rangers Supporters Trust welcomes as extremely positive the news that Craig Whyte has stepped forward and is buying Rangers FC.

 

Welcoming the news, Trust Board member Kenny Park said:

 

"This appears to be a very positive development for the Club and Rangers fans will welcome any initiative that stabilises the club's finances and enables it to move forward. We look forward to hearing further details of Mr Whyte's plans and working with him and his board as they build for the future and strive to continue Rangers' proud tradition of success."

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Follow Follow understand that Craig Whyte is in pole position to buy the club from Sir David Murray and the bank.

 

One of his companies, Tixway UK is registered in Bath Street, Glasgow, and is capitalised at �£2,001,000. The parent company is Liberty International Holdings Ltd with, according to accounts, a total net worth of �£773 Million. The deal will be for the current level of the debt (around �£30million) plus a payment to Sir David of �£6million - the same amount he paid for the club when he gained control over 20 years ago.

 

Mr Whyte is a former pupil of Kelvinside Academy who currently resides in the refurbished Castle Grant on Speyside.

 

He has many business interests including plant hire, corporate recovery, ticketing and commodity trading.

 

Mr Whyte has had a corporate box at Ibrox for many years and splits his time between Monaco, Scotland and London.

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