Florentine_Pogen Posted February 1, 2018 Share Posted February 1, 2018 Lest we forget.........from the 'award winning' Keef 'Wee Blondie' Jacks***. Nov 18 2010 Keith Jackson Craig Whyte started playing the stock market at the age of 15. By the time he left school he had more than £20,000 in his bank account. Today, aged just 39, this financial whizzkid from Motherwell stands on the brink of pulling off the biggest deal of his life - and finally bringing the curtain down on one of the longest-running sagas in Scottish football. Record Sport understands self-made billionaire Whyte has entered into the final stages of negotiations to buy control of the club he loves from Sir David Murray. And he's still one year younger than captain Davie Weir. A deal worth around £30million is now believed to have reached such an advanced stage that sources say Whyte, a high-roller who splits his time between a home in London and the idyllic Castle Grant in Grantown-on-Spey, could even have the keys to Ibrox in time to fund a major refurbishment of Walter Smith's top-team squad in January. The news will delight Rangers supporters who have been fretting over the future of their club ever since Murray first slapped a For Sale sign on the front door of Edmiston Drive around three years ago. As the club's financial health deteriorated to such an extent the banks moved in to control the purse strings, a series of false dawns came and went. First, a consortium headed up by South African-based tycoon Dave King came to the fore only to fail to meet Murray's asking price. Then, in March this year, Londonbased property developer Andrew Ellis emerged as the frontrunner and was granted a period of exclusivity in order to get the deal done. But Ellis, now part of the consortium, did not have the financial clout to back up his bold promises and his bid collapsed, leaving Rangers firmly in the grip of the Lloyds Group. Exiled Glaswegian King was then talked up once more as the possible saviour but he was also engaged in a long-running battle with the tax man and while those issues remained unresolved, he too looked l ike an increasingly unlikely white knight for a club now engulfed by crisis. But yesterday, quite out of the blue, Record Sport learned a new man is at the table and that a deal to end Murray's 22-year reign is ready to be completed. And that man is a relative boy. By the age of 26, Whyte was already Scot land's youngest self-made millionaire. Now, 13 years on, and in charge of a vast business empire, his wealth is off the radar. Whyte is a venture capitalist who has made his millions from playing the markets - a skill he secret ly began honing in his third year at Glasgow's Kelvinside Academy. In one of his few interviews he revealed how he immediately regretted going to the private school - because he despised playing rugby. He said: "I hated the discipline of it. It was a rugby-only school, which I didn't play as I was interested in football.'' Whyte worked weekends for his dad's plant hire firm. And he saved up his wages to fund his habit of gambling on Stock Exchange. It is said that, by the time he left school, he had more cash in his bank than many of his teachers. At 19, he was in charge of his own hire plant. Now he owns his own castle - one of the most historic buildings in Scotland. And very soon he could be adding Rangers to his portfolio. It remains to be seen if Whyte's move to capture the club will f lush any other parties out of the woodwork because - despite their failure to strike a deal with Murray - King and his consortium have yet to throw in the towel on their own ambitions. They had put together a package worth around £18m but this was flatly rejected and Ellis drove the price up when he agreed to pay Murray more than £30m. The club's debt has been reduced by around £10m since then but the selling price remains the same. Now, quite clearly, Whyte believes he will be able to close the deal and the young gun must have said enough to impress Murray, who has stated all along that he will only sell the club to the right people - men with enough money to take the club forward. Who knows? Murray may even regard Whyte as something of a kindred spirit. After all, Murray was himself aged just 37 back in 1988 when he launched a takeover of the Ibrox club. It was the beginning of one of the most successful periods in Rangers' history but Murray's aggressive pursuit of European glory eventually saw him writing the kind of cheques that his club could simply not afford. Now Whyte is bringing his money to the table but it remains to be seen if he will adopt the same scatter-cash approach as the man who has owned the club for the past two decades. But if he brings in even half of the number of trophies Murray delivered then the fans are unlikely to be complaining. Quote 8 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted February 13, 2018 Share Posted February 13, 2018 Been 5 years+ now but BDO and others are still raking in the fees for investigating the death of Rangers. When do we get the fucking autopsy? https://www.bdo.co.uk/getmedia/a4db008f-11e2-49fc-b72b-af5ba1ce8d2b/RFC-2012-Plc-report-dated-5-December-2017.pdf.aspx Apologies if this has been mentioned recently, been away for a while. 3 Quote Link to comment Share on other sites More sharing options...
thekorean Posted February 28, 2018 Share Posted February 28, 2018 I thought I saw a homeless man who looked awful lot like Dave King. Hmmm. 0 Quote Link to comment Share on other sites More sharing options...
mps02 Posted March 1, 2018 Share Posted March 1, 2018 I thought I saw a homeless man who looked awful lot like Dave King. Hmmm. Tragically that is unlikely. Although with losing the case yesterday means Sevco could be in serious trouble, especially if he does not comply with the share offer and prospectus. The prospectus will be interesting as all financials must be listed, no unaudited accounts allowed! Things may just start getting fun again. 1 Quote Link to comment Share on other sites More sharing options...
Dr Koop Posted March 10, 2018 Share Posted March 10, 2018 On 3/1/2018 at 00:27, thekorean said: I thought I saw a man who was left homeless because of Dave King. Hmmm. FTFY. 0 Quote Link to comment Share on other sites More sharing options...
rainbowrising Posted March 12, 2018 Share Posted March 12, 2018 On 13/02/2018 at 22:29, welshbairn said: Been 5 years+ now but BDO and others are still raking in the fees for investigating the death of Rangers. When do we get the fucking autopsy? https://www.bdo.co.uk/getmedia/a4db008f-11e2-49fc-b72b-af5ba1ce8d2b/RFC-2012-Plc-report-dated-5-December-2017.pdf.aspx Apologies if this has been mentioned recently, been away for a while. when Airdrie were liquidated it took around 11 years for Airdrie United to take on the original name of the old Club once the liquidation process was finished. 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted March 13, 2018 Share Posted March 13, 2018 when Airdrie were liquidated it took around 11 years for Airdrie United to take on the original name of the old Club once the liquidation process was finished. Aye, Clydebank! 0 Quote Link to comment Share on other sites More sharing options...
Paralytic Critic Posted March 14, 2018 Share Posted March 14, 2018 On 3/12/2018 at 10:31, rainbowrising said: when Airdrie were liquidated it took around 11 years for Airdrie United to take on the original name of the old Club once the liquidation process was finished. Spoke to an Airdrie fan a while back about them getting their name back. According to him they had to wait 10 years for the liquidators to finish with the original club before releasing the name, all they got though was the name, not all the History like some other club likes to kid on they have. 2 Quote Link to comment Share on other sites More sharing options...
bennett Posted March 14, 2018 Share Posted March 14, 2018 Best tell the SFA and splf to scrub out Rangers and replace it with Sevco. Someone spoke to an Airdrie fan.... -4 Quote Link to comment Share on other sites More sharing options...
kiddy Posted March 15, 2018 Share Posted March 15, 2018 Best tell the SFA and splf to scrub out Rangers and replace it with Sevco. Someone spoke to an Airdrie fan.... Airdrieonians are deid too mate, Minty killed them as well. Clydebank play out of the Shyberry now. As the true Broomfield lineage lies with Annan. 0 Quote Link to comment Share on other sites More sharing options...
bairney Posted March 18, 2018 Share Posted March 18, 2018 Aye, Airdrie, Clydebank, Gretna and Meadowbank Thistle. All on a fellow footing with the h** has-beens, despite the incredulity from Sevco, the media, and the new fans. (You all looked really happy on the Edinburgh-bound train after the killie game btw) 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted March 19, 2018 Share Posted March 19, 2018 So who has had an arrestment order upheld? Seen it hinted at on the John James site earlier which made me very skeptical but also heard from a former colleague at said bank who has backed up with John James is claiming. 0 Quote Link to comment Share on other sites More sharing options...
The DA Posted March 20, 2018 Share Posted March 20, 2018 11 hours ago, Ross. said: So who has had an arrestment order upheld? Seen it hinted at on the John James site earlier which made me very skeptical but also heard from a former colleague at said bank who has backed up with John James is claiming. I wonder if it's the wifi guys seeking to ring-fence their money again. Rangers can hardly argue that they're not in danger of insolvency this time round, not after the Takeover Panel decision and the Close Brothers having ring-fenced half their assets. http://www.heraldscotland.com/news/14207489.Rangers_win_fight_to_stop___300_000_arrestment_of_funds_by_WiFi_firm_over_fears_of_club_insolvency/ 0 Quote Link to comment Share on other sites More sharing options...
kiddy Posted April 15, 2018 Share Posted April 15, 2018 When does the Close Bro's money run out? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 15, 2018 Share Posted April 15, 2018 1 hour ago, kiddy said: When does the Close Bro's money run out? Tomorrow. -3 Quote Link to comment Share on other sites More sharing options...
kiddy Posted April 24, 2018 Share Posted April 24, 2018 When's the next BDO statement due? 0 Quote Link to comment Share on other sites More sharing options...
bennett Posted April 24, 2018 Share Posted April 24, 2018 2 hours ago, kiddy said: When's the next BDO statement due? Yesterday. -2 Quote Link to comment Share on other sites More sharing options...
bairney Posted April 24, 2018 Share Posted April 24, 2018 When are Sevco losing the league again? 0 Quote Link to comment Share on other sites More sharing options...
Jdog Posted May 2, 2018 Share Posted May 2, 2018 Dave King forced by a court yesterday to show the £11m for shares, next day one of the "good guys" resigns...and the basket case of a club trundles on 0 Quote Link to comment Share on other sites More sharing options...
Doink Posted May 3, 2018 Share Posted May 3, 2018 Mark Warburton 0 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.