Rangers to be sold in deal for £30 million to Glasgow-born businessman

Last updated : 17 November 2010 By Grandmaster Suck

One of his companies, Tixway UK is registered in Bath Street, Glasgow, and is capitalised at £2,001,000. The parent company is Liberty International Holdings Ltd with, according to accounts, a total net worth of £773 Million. The deal will be for the current level of the debt (around £30million) plus a payment to Sir David of £6million - the same amount he paid for the club when he gained control over 20 years ago.

Mr Whyte is a former pupil of Kelvinside Academy who currently resides in the refurbished Castle Grant on Speyside.

He has many business interests including plant hire, corporate recovery, ticketing and commodity trading.

Mr Whyte has had a corporate box at Ibrox for many years and splits his time between Monaco, Scotland and London.

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