Rangers owner Craig Whyte has claimed that his various business interests employ thousands of people.
Whyte was announced as a billionaire when his interest in buying Rangers was first revealed last November despite never figuring in any of the Sunday Times Rich Lists.
The exact nature of Whyte’s business interests has remained a mystery with claims of his wealth downgraded considerably since the billionaire label was used.
In an interview in today’s Daily Telegraph the man who paid £1 to buy Rangers made vague claims about joining the Premiership or a European league in a bid to find the funds to meet a possible £50+ tax bill.
“I get involved in businesses that are struggling and that means you sometimes get involved in the messy side of things,” Whyte explained about his Rangers investment. “Overall I have had more successes than failures.”
Refusing to discuss his own wealth Whyte added: “It would make my life a lot easier if I did but, frankly, I’m not going to have journalists going into every aspect of my private life.
“I have got four offices in the City, I have venture capital funds, I have asset management companies, I have stock-broking businesses, I have businesses in France, in Holland, I have got thousands of employees, but I don’t see why I should make every aspect of that public.
“I’ve got everything from financial services to ticketing to cinema services, asset management, construction, I have got investments in all these sectors. I operate like a venture capital partnership so at any one time there’s 20-25 companies in the portfolio.
“I operate a family company in the city too that manages the family investments. We do all sorts of deals, public to private, commodity trading, Forex, a wide variety, but we try and keep it low key.
“Sometimes we might own them for two years, sometimes for five. But with Rangers we want to create a long-term sustainable business, which we will. But it’s going to be a rocky road.”
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Mibbie his hobby is Bee Keeping and he sells the Honey on, technically the Bees would be his employees and he could have thousands of them!
🙂
Ha ha ha!
The man is skint, he is just trying to impress his new bird by listing business ventures that he knows can’t be verified, very Del-Boy Trotter of him.
Then again his wife left him for his local butcher, which is actually true, and his eyes are so big they need a pillow each when he sleeps, so i can understand why he is desperate to impress the lady who “escorts” him by pretending he’s rich.
Didn’t really say that much our Craigy boy.
Think he might be telling porkies.
Mon the tax man.