WHYTE: MY INSIDE STORY AS RANGERS CHAIRMAN
MAJOR EXCLUSIVE INTERVIEW: SHAMED EX-OWNER LIFTS THE LID ON DAVID MURRAY, WALTER SMITH AND BEING MOST HATED MAN IN SCOTLAND
CRAIG Whyte, the ex-owner of Rangers, has denied he cashed in when the Ibrox club was liquidated in 2012. Whyte released his autobiography, Into The Bear Pit, yesterday on the eighth anniversary of the 140-year-old Glasgow institution being put into administration.
The 49-year-old, acquitted of all charges relating to his takeover after a trial in the High Court in 2017, hits back at claims that he made money from his involvement.
The Motherwell-born venture capitalist was declared bankrupt after being successfuly sued by ticketing firm Ticketus for £18m in 2015.
“There is this perception among Rangers fans that somehow I profited from this whole thing,” he says in a major exclusive interview with the Times today. “The opposite is the case. The experience cost me millions because of the guarantees which I had given to Ticketus. I lost a lot financially from my experience with Rangers. I am probably one of the biggest individual contributors in Rangers history towards paying off the debt.
“This notion that I somehow profited is part of the reason there is so much animosity towards me from some of the Rangers support. They somehow think I had some big plan to go in there and destroy the club and personally profit from it. Nothing could be further from the truth.”