ian1964 10,457 Posted February 18, 2015 Share Posted February 18, 2015 ...with Ticketus looking to declare him bankrupt over unpaid £17million bill. THE High Court in London heard how former Rangers owner, Craig Whyte had lied to Ticketus and failed to settle his debt. CRAIG Whyte's personal fortune is at stake after a bid by finance firm Ticketus to declare him bankrupt over a £17million bill. A court hearing was held in London yesterday after he failed to to settle the debt for his Rangers takeover. Whyte sold Ticketus future sales on three years' season tickets for £25million in 2011 to find the cash for his Ibrox deal. The High court in London heard the 44-year-old lied to the firm over the agreement. A Ticketus spokesman said: "The bankrupt petition is a direct result of the judgement - Mr Whyte has failed to pay the money that is due." Whyte was not in court yesterday. A deadline of April was set for evidence to be lodged. http://www.dailyrecord.co.uk/news/scottish-news/craig-whytes-fortune-hangs-balance-5182299 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,302 Posted February 18, 2015 Share Posted February 18, 2015 So howcome Ticketus had 2 means of apparently recovering their cash i.e. from Whyte personally & as oldco creditor ? 0 Quote Link to post Share on other sites More sharing options...
26th of foot 5,859 Posted February 18, 2015 Share Posted February 18, 2015 Craig Whyte's fortune hangs in the balance ...... Tip the scales. 0 Quote Link to post Share on other sites More sharing options...
BlueMazza 0 Posted February 18, 2015 Share Posted February 18, 2015 Fortune is surely metaphorical? He can't have that much left now 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,356 Posted February 18, 2015 Share Posted February 18, 2015 (edited) So howcome Ticketus had 2 means of apparently recovering their cash i.e. from Whyte personally & as oldco creditor ? They had the transaction with oldco but Whyte had also given them a personal guarantee. Edited February 18, 2015 by Bluedell 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted February 18, 2015 Share Posted February 18, 2015 No chance he'll be skint after this. He lived in Monaco (i think) that's where his money will be squirrelled away, under some family members name imo. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,290 Posted February 18, 2015 Share Posted February 18, 2015 It's more important whether he'll end up behind bars ... 0 Quote Link to post Share on other sites More sharing options...
Yorkshire Bear 0 Posted February 18, 2015 Share Posted February 18, 2015 Yes please. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted February 18, 2015 Share Posted February 18, 2015 I would imagine if he has been found guilty of acquiring Rangers by illegal means any right he thinks he has to the assets will have gone. I would imagine it would be easy for RFC to defend the rights to the assets. Ashely is probably a bigger threat to our assets as Whyte will ever be. 0 Quote Link to post Share on other sites More sharing options...
Laudbertz 0 Posted February 18, 2015 Share Posted February 18, 2015 The only thing that would ever be bankrupt about him is his morals. Someone like Whyte never truly goes bankrupt. 0 Quote Link to post Share on other sites More sharing options...
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