WATP-FOREVER 5,231 Posted June 22, 2013 Share Posted June 22, 2013 http://www.heraldsco...eps-in.21411612THE company Craig Whyte used to buy Rangers has gone into liquidation in a move that threatens the financial meltdown of his business interests.The development comes after Ticketus, which helped fund the venture capitalist's takeover, began liquidation proceedings against Liberty Capital in the Virgin Islands over its failure to pay a £5000 legal bill.The court-appointed liquidator, Scots-born Stuart Mackellar, confirmed the process of investigating Liberty Capital's accounts had already begun.<p> Last year, Mr Whyte took Rangers into administration after alleged non-payment of £9 million in PAYE and VAT.</p>< p> Liberty was presented as Mr Whyte's main investment company, which he claimed invested across a range of business sectors, with operations in the UK and abroad.</p>< p> Rangers FC Group Ltd was a subsidiary of Liberty Capital set up to buy Sir David Murray's 85% controlling shareholding in the Ibrox club for £1 in May 2011.</p>< p> Mr Whyte sold off the rights to three years of Ibrox season tickets to Ticketus to raise more than £20m and pay off the club's debt.</p>< p> The bill that caused the liquidation arises from a High Court action in London in April. Mr Whyte was ordered to pay back nearly £18m of the money raised through the ticket deal, plus interest, to Ticketus. It was decided at an earlier hearing costs should be awarded to the London-based ticket agency.</p>< p> Ticketus had claimed Mr Whyte made deliberate misrepresentations over the season-ticket deal by failing to disclose his previous directorship ban.</p>< p> It has been confirmed Mr Whyte is appealing against the decision.</p>< p> Ticketus is expected to be a major creditor in a liquidation of Liberty Capital, with a claim of more than £26m.</p>< p> Mr Mackellar, who is originally from Newton Mearns, East Renfrewshire, is managing director of Virgin Islands-based Zolfo Cooper.</p>< p> Mr Whyte was unavailable for comment last night.</p>< /p>Contextual targeting label:FinanceLast year, Mr Whyte took Rangers into administration after alleged non-payment of £9 million in PAYE and VAT.Liberty was presented as Mr Whyte's main investment company, which he claimed invested across a range of business sectors, with operations in the UK and abroad.Rangers FC Group Ltd was a subsidiary of Liberty Capital set up to buy Sir David Murray's 85% controlling shareholding in the Ibrox club for £1 in May 2011.Mr Whyte sold off the rights to three years of Ibrox season tickets to Ticketus to raise more than £20m and pay off the club's debt.The bill that caused the liquidation arises from a High Court action in London in April. Mr Whyte was ordered to pay back nearly £18m of the money raised through the ticket deal, plus interest, to Ticketus. It was decided at an earlier hearing costs should be awarded to the London-based ticket agency.Ticketus had claimed Mr Whyte made deliberate misrepresentations over the season-ticket deal by failing to disclose his previous directorship ban.It has been confirmed Mr Whyte is appealing against the decision.Ticketus is expected to be a major creditor in a liquidation of Liberty Capital, with a claim of more than £26m.Mr Mackellar, who is originally from Newton Mearns, East Renfrewshire, is managing director of Virgin Islands-based Zolfo Cooper.Mr Whyte was unavailable for comment last night.------------------------------------------------They're coming to get ya, ya horrible googled eyed pwik. Quote Link to post Share on other sites More sharing options...
AGM_72 3,637 Posted June 22, 2013 Share Posted June 22, 2013 Hope they take all your assets and then you die ya horrible wee fuck. Quote Link to post Share on other sites More sharing options...
1st_Jan_1994 4,868 Posted June 22, 2013 Share Posted June 22, 2013 His wee world is collapsing around him. I'd be amazed in a couple of years time if he could even get credit for a new TV. Quote Link to post Share on other sites More sharing options...
pcbear 10,913 Posted June 22, 2013 Share Posted June 22, 2013 Evil cunt of a man, its been a long time coming though, lets hope its the start of a shitstorm for him ending in a custodial sentence. Quote Link to post Share on other sites More sharing options...
GOAT 30,449 Posted June 22, 2013 Share Posted June 22, 2013 Let's hope hes found dangling in mid air with a noose round his neck. Quote Link to post Share on other sites More sharing options...
RFC55 108,971 Posted June 22, 2013 Share Posted June 22, 2013 Tbh I'd now rather he lost everything then died a penniless hobo fuck. Quote Link to post Share on other sites More sharing options...
Skelf 1,153 Posted June 22, 2013 Share Posted June 22, 2013 Wonder if I tried to get a TV in his name he would pass a credit check... Quote Link to post Share on other sites More sharing options...
Skelf 1,153 Posted June 22, 2013 Share Posted June 22, 2013 Let's hope hes found dangling in mid air with a noose round his neck.Swing low.... Quote Link to post Share on other sites More sharing options...
Teamgers 1,214 Posted June 22, 2013 Share Posted June 22, 2013 Hope he suffers big time, fucking horrible wee cunt! Quote Link to post Share on other sites More sharing options...
pcbear 10,913 Posted June 22, 2013 Share Posted June 22, 2013 Swing low.... not so sweet charlatan. Quote Link to post Share on other sites More sharing options...
broxibear87 129 Posted June 22, 2013 Share Posted June 22, 2013 lolololololololol Quote Link to post Share on other sites More sharing options...
laudrupno1 3,932 Posted June 22, 2013 Share Posted June 22, 2013 Id rather he got the jail and shared a cell with big Leroy for the rest of his days Quote Link to post Share on other sites More sharing options...
Dutchy 1,200 Posted June 22, 2013 Share Posted June 22, 2013 It may be nice to think of the wee shunt going out of business, but he seems to thrive on chaos in the business world, so I'm not sure this will be the end of the googly eyed shit. Quote Link to post Share on other sites More sharing options...
WadeWilson 4,670 Posted June 22, 2013 Share Posted June 22, 2013 Oh, wee Craigie boy... Yer days living the high life are numbered... :party: :party: :party: :party: :party: Quote Link to post Share on other sites More sharing options...
GOAT 30,449 Posted June 22, 2013 Share Posted June 22, 2013 It only takes seconds to load a gun Craigy boy.One bang, and it's all over. Quote Link to post Share on other sites More sharing options...
Gaffbear 4,096 Posted June 22, 2013 Share Posted June 22, 2013 Quote Link to post Share on other sites More sharing options...
Right_To_Censor 1,951 Posted June 22, 2013 Share Posted June 22, 2013 oh charlottefakes will be no more Quote Link to post Share on other sites More sharing options...
MisterC 12,275 Posted June 22, 2013 Share Posted June 22, 2013 Is there nobody with any sympathy for him? Things have been tough for him too..... Quote Link to post Share on other sites More sharing options...
Creampuff 22,628 Posted June 22, 2013 Share Posted June 22, 2013 Good. Quote Link to post Share on other sites More sharing options...
better than all the rest 153 Posted June 22, 2013 Share Posted June 22, 2013 It always amazes me that they still refer to him as a venture capitalist's,he is a lying cheating robbing bastard. Quote Link to post Share on other sites More sharing options...
BlueAvenger 10,242 Posted June 22, 2013 Share Posted June 22, 2013 Whyte...fuckin lowlife scum Quote Link to post Share on other sites More sharing options...
Bad Robot 21,152 Posted June 22, 2013 Share Posted June 22, 2013 Is there nobody with any sympathy for him? Things have been tough for him too.....I have very little sympathy but I believe he was handpicked to do a tough job by SDM. I also believed the players failed us first by getting pumped out of the CL and depriving us of badly needed income which would have seen us through another year and who knows what could have happenned then.CW then failed us by adopting the doomed strategy of non-payment of PAYE to HMRC. I actually (probably naively) thought this failed negotiating tactic would have worked. Quote Link to post Share on other sites More sharing options...
MisterC 12,275 Posted June 22, 2013 Share Posted June 22, 2013 It always amazes me that they still refer to him as a venture capitalist's,he is a lying cheating robbing bastard.I think vulture capitalist is a more appropriate term. Quote Link to post Share on other sites More sharing options...
choochooblue 342 Posted June 22, 2013 Share Posted June 22, 2013 I have very little sympathy but I believe he was handpicked to do a tough job by SDM. I also believed the players failed us first by getting pumped out of the CL and depriving us of badly needed income which would have seen us through another year and who knows what could have happenned then.CW then failed us by adopting the doomed strategy of non-payment of PAYE to HMRC. I actually (probably naively) thought this failed negotiating tactic would have worked. Craig Whytes strategy was to tear our club apart and launder our money. Quote Link to post Share on other sites More sharing options...
AlBear. 8,499 Posted June 22, 2013 Share Posted June 22, 2013 Tbh I'd now rather he lost everything then died a penniless hobo fuck.No need for semantics. Quote Link to post Share on other sites More sharing options...
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