Craig Whyte

Quick Facts

Full Name	Craig Whyte
Occupation	Entrepreneur
Date Of Birth	Jan 18, 1971(1971-01-18)
Age	53
Birthplace	Motherwell
Country	United Kingdom
Birth City	Scotland
Horoscope	Capricorn

Craig Whyte Biography

Craig Whyte is one of the most popular and richest Entrepreneur who was born on January 18, 1971 in Motherwell, Scotland, United Kingdom. Venture capitalist and businessman who ran a group based in London, Liberty Capital, and acquired a significant part of the Rangers Football Club in 2011.

He as well as A.C. Milan owner He and A.C. Milan owner Silvio Berlusconi both made major financial investments in football (soccer) clubs. both made significant financial investment into the football (soccer) teams.

Whyte’s first job was with his father’s plant hire firm, and in 1990 he set up his own plant-hire company. The company, Whyte Hire, was not a success and went bankrupt in the early 1990s with debts of around £300,000. Whyte recovered from this loss and branched out into security, manufacturing and property. In 1997, aged 26, he was Scotland’s youngest self-made millionaire. After selling off most of his businesses, he moved to Monaco. When he moved back to the UK (to London), he became a venture capitalist. The London-based group he heads, Liberty Capital, specialises in buying distressed businesses, turning them around, and selling them on.

Whyte was a lifelong supporter of Rangers Football Club and held an executive box at Ibrox Stadium. Speculation arose in 2010 that he might launch a bid to buy the indebted Scottish football club. In April 2011, a £28 million deal was thought possible, but this was dependent on agreement with Lloyds Banking Group on how the club’s debt would be serviced and a tax assessment of, potentially, £49 million from HM Revenue and Customs.

The place of birth was Motherwell, North Lanarkshire, Scotland He later went to Glasgow.

Craig Whyte Net Worth

Craig Whyte is one of the richest Entrepreneur from United Kingdom. According to our analysis, Wikipedia, Forbes & Business Insider, Craig Whyte 's net worth $5 Million. (Last Update: December 11, 2023)

He started his business career working for his father’s rental equipment company.

After purchasing Castle Grant in the Scottish Highlands the entrepreneur paid millions of dollars for improvements to the old structure.

Craig Thomas Whyte (born 18 January 1971) is a Scottish businessman best known for his controversial spell as owner of Scottish football club Rangers.

Height, Weight & Body Measurements

Craig Whyte height Not available right now. Craig weight Not Known & body measurements will update soon.

Who is Craig Whyte Dating?

According to our records, Craig Whyte married to Kim White. As of December 1, 2023, Craig Whyte’s is not dating anyone.

Relationships Record : We have no records of past relationships for Craig Whyte. You may help us to build the dating records for Craig Whyte!

Whyte owned the historic Castle Grant, near Grantown-on-Spey, in the Scottish Highlands. He is reported to have spent £5 million on restorations and renovations to the castle. Following a court case in February 2012, Whyte was ordered to pay a disputed bill to a roofing contractor who had carried out repairs to the property.

Facts & Trivia

Craig Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in United Kingdom. Craig Whyte celebrates birthday on January 18 of every year.

On 13 February 2012, Rangers filed legal papers at the Court of Session giving notice of its intention to appoint Administrators. Rangers officially entered administration on the following day, appointing London-based financial advisers Duff & Phelps as administrators. This move was forced by Rangers’ failure to make £9 million in PAYE and VAT payments since Whyte took control. It was discovered that Whyte had financed his takeover of the club by mortgaging future revenues, rather than by investing any personal funds or other funds to which he had access. Whyte sold his controlling interest in Rangers for £2 to a consortium led by Charles Green on 13 May 2012, following what had, in effect, become an auction process among various consortia for ownership of the club, overseen by Duff and Phelps in that company’s role as Administrator. Green offered creditors a settlement in an attempt to exit administration, but this was rejected by the biggest creditor, HMRC, on 14 June 2012, ensuring liquidation. Green was then able to buy out the business and associated assets of Rangers from the Administrator.

What did Craig Whyte do to Rangers?

Craig Whyte took over Sir David Murray’s majority shareholding in Rangers for £1 in 2011, while agreeing to take on millions in debt. The business also faced the prospect of a huge tax bill. Whyte used money projected to come from future season tickets to allow him to complete his purchase.

How much did Craig Whyte sell Rangers for?

It emerged that Whyte had sold future season ticket income to Ticketus, a London investment firm, for around £24 million to finance his takeover.

Who sold Rangers for a pound?

Sir David Murray sold his controlling interest in Rangers (85.3%) to Wavetower Limited for £1 on 6 May 2011, with Rangers’ debt to the Lloyds Banking Group being reassigned to Wavetower. Wavetower Limited (subsequently renamed The Rangers FC Group Limited) is owned by Liberty Capital, which is Whyte’s holding company.

Who owns Rangers now?

Full nameRangers Football Club
Owner| The Rangers Football Club Ltd
Chairman| Douglas Park
Manager| Giovanni van Bronckhorst
League| Scottish Premiership

How much is Glasgow Rangers in debt?

According to liquidators BDO, the debts claimed for when Rangers became insolvent ten years today amounted to £168.8m. But now a court fight is on the cards over the extent of the debt that the club actually owed with a final figure expected to go to just under £100m.