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Blueandtrue1972
17-11-2010, 22:26
anyone get a text message that Rangers have been sold?

Some guy White from Motherwell as a front for Dave King?

Roll on the onslaught lol just checking if anyone else got it but I will take the pelters coming my way


http://www.*****************/news/tmnw/rangers_to_be_sold_in_deal_for_30_million_to_glasg owborn_businessman_600094/index.shtml

DeanCrosskeys
17-11-2010, 22:27
Already been a thread but it was removed.

xcbgers
17-11-2010, 22:27
not this crap again.

theinkmaster
17-11-2010, 22:28
anyone get a text message that Rangers have been sold?

Some guy White from Motherwell as a front for Dave King?

Roll on the onslaught lol just checking if anyone else got it but I will take the pelters coming my way

yes i got it, seemingly dermot desmond has chipped in a few bob.

DBear
17-11-2010, 22:28
http://images.starcraftmazter.net/4chan/for_forums/not_this_shit_again.jpg

Tony Blundetto
17-11-2010, 22:28
Just got this text as well

Probablly nonsense

vacuum1690
17-11-2010, 22:29
Who is White and why would King need a front

AppleBear1976
17-11-2010, 22:29
5-4-3-2-1 this will be closed very soon ;)

RFC_52
17-11-2010, 22:30
I wouldn't believe it. That mob are problay trying to create mischeif again.

Hong Kong Phooey
17-11-2010, 22:30
Tims trying to get their own back for operation tango?

paisleyprod
17-11-2010, 22:30
this will grow arms and legs

poyntontrueblue
17-11-2010, 22:30
I got the text as well they are supposed to in EK to finalise it ....

madride
17-11-2010, 22:31
Will the taigs ever get the fact that they will not replicate Operation Tango. Their efforts are embarassing in comparison

ady mac
17-11-2010, 22:31
i heard it was dave ellis and his bro james from z cars

IainB
17-11-2010, 22:31
Until King's legal issues in South Africa are sorted he is NOT going to be buying Rangers, see when we don't have a midweek game scheidt like this gets started it is why we MUST remain in Europe as long as possible :)

Tagsbear
17-11-2010, 22:32
Texts are always true, so I'm in!

BlueKidG
17-11-2010, 22:32
we have alot of fenians on recently posting threads and posts anyone else notice this?

Iain18(7)2
17-11-2010, 22:56
On facebook, the Rst report that Craig White has negotiated a deal to buy rangers. No idea who he is or if they are even serious, but I don't think the Rst would make up such news. Thoughts?

the_ref
17-11-2010, 22:56
Just got a tweet from the RST about Craig Whyte buying the club?

Is there anything in this, or is it some sort of wind up? Where did it come from?

http://www.facebook.com/permalink.php?story_fbid=154518084592905&id=10150104779665191

coolk
17-11-2010, 22:56
Just seen that on Facebook as well. Surely some substance to it now?

Earth Worm Jim
17-11-2010, 22:57
Deal done with SDM. As far as we understand he's a big bluenose. ANdrew Ellis is his business partner but Craig is the lead investor.

oh good:roll:

md1873
17-11-2010, 22:57
Is this legit?

Iain18(7)2
17-11-2010, 22:57
Any info on this guys background?

Bill the Butcher
17-11-2010, 22:58
It's Craig Whyte, not White.

AppleBear1976
17-11-2010, 22:58
i thought this had been chopped.........

clubdeckg
17-11-2010, 22:58
The Return Of Ellis

DjurgardenBear
17-11-2010, 22:59
RST running with it, so it might not get chopped now :D

Dougie Gray
17-11-2010, 22:59
RST have just announced it on twitter.

paisleyprod
17-11-2010, 22:59
Just what ellis brings ti table us beyond me. Any info on whyte?

gertwin
17-11-2010, 22:59
Was going to say the same. Just seen it RST mention it on Twitter. Am not believing the story till its official

Who is Craig Whyte?

TheBattleFever
17-11-2010, 22:59
What is going on here? :confused:

http://www.facebook.com/home.php?sk=lf#!/pages/Rangers-Supporters-Trust/10150104779665191

cantab
17-11-2010, 22:59
Tomorrow's papers will have this running I bet.

Brian Laudrup
17-11-2010, 23:01
i thought this had been chopped.........

the other thread is closed,dont know if i can handle this after the letdown with ellis

shuntergers8
17-11-2010, 23:01
get on the phone northampton loyalist

nelster
17-11-2010, 23:02
Chris Whyte ? :)

http://cache1.asset-cache.net/xc/78981099.jpg?v=1&c=IWSAsset&k=2&d=77BFBA49EF87892155F29F61288AC1CA73468AE1A4A3CD55 2F504C2D4CF608F75F232A23917BC4AA

RFC_52
17-11-2010, 23:02
Is there someone from the RST on and could they please tell us who this source is and if they are just following the rumours from the texts?

DamsideBear
17-11-2010, 23:02
don't know who this Whyte is and what he is all about??? anyone?

http://www.libertycapital.co.uk/Public/template.php?id_page=1

??

RFC_Sooty
17-11-2010, 23:02
Where is sccgers and his sources when you need them?

rosstheger
17-11-2010, 23:02
The RST are running with this story.

hommer123
17-11-2010, 23:02
whyte Christmas surely the king will arrive very very quietly some time soon

whitbyontbear
17-11-2010, 23:02
Here we go again. Just when we thought it was safe to consign all this nonsense to the rubbish bin of history.

Wake me when it's over.

SurreyBear73
17-11-2010, 23:02
RST have announced it on my Fb page

coolk
17-11-2010, 23:02
Craig Whyte:

http://www.heraldscotland.com/sport/spl/aberdeen/one-in-a-million-1.445776
http://www.libertycapital.co.uk/Public/template.php?id_page=1

Same guy I take it?

OrigTommy
17-11-2010, 23:02
20 pager coming up bears :D

adamski
17-11-2010, 23:03
tried to post earlier regarding this.

A Bear intimated to me today during a business call that there may be movement before Xmas on a takeover.


I thought nothing of it until now. I still don't think much of it to be honest.

AppleBear1976
17-11-2010, 23:03
probably a load of old balls... i wouldnt be surprised if a bunch of taigs started this...

david1982
17-11-2010, 23:03
The RST are running with this story.

surely they must have info from somewhere reliable before putting this in the public domain?

Bill the Butcher
17-11-2010, 23:03
Was going to say the same. Just seen it RST mention it on Twitter. Am not believing the story till its official

Who is Craig Whyte?

http://www.libertycapital.co.uk/Public/template.php?id_page=1

Website looks dodgy.

Earth Worm Jim
17-11-2010, 23:03
how can the RST welcome the news, considering this is a partner of Ellis, yet were vocally critical of the previous Ellis bid?

TheBattleFever
17-11-2010, 23:04
I can't help but be very, very skeptical about this.

MDC
17-11-2010, 23:04
20 pager coming up bears :D

Try 40 pager!

:eek:

Brian Laudrup
17-11-2010, 23:04
20 pager coming up bears :D

it will be more than that;)

The Predator
17-11-2010, 23:04
Hmmmm is it wrong to get an erection?

:D I am in for the long haul. 100 pages here we come :D

ayr__loyal
17-11-2010, 23:04
Ellis has finished his due diligence :)

red_rubber_glove
17-11-2010, 23:05
If its gonna happen it'll be like a bolt from the blue. This is how it will happen.

david1982
17-11-2010, 23:07
http://www.heraldscotland.com/sport/spl/aberdeen/one-in-a-million-1.445776


stolen from the RST Facebook page

jonnymcc1
17-11-2010, 23:07
I don't understand why the RST would put it on facebook if there was no substance to it.

Bill the Butcher
17-11-2010, 23:07
how can the RST welcome the news, considering this is a partner of Ellis, yet were vocally critical of the previous Ellis bid?

Account hacked?

worcester bear
17-11-2010, 23:08
sniff f e c k i n g sniff

Bill the Butcher
17-11-2010, 23:08
Hmmmm is it wrong to get an erection?

:D I am in for the long haul. 100 pages here we come :D

I'm off work until Monday. :D

Tony Blundetto
17-11-2010, 23:08
Im taking this with a pinch of salt

Londonblue
17-11-2010, 23:09
I never believe ANYTHING on here !! :D:D:D


;)

TheBattleFever
17-11-2010, 23:09
Account hacked?

I have to admit, I did suspect that. Something isn't quite right about this.

paisleyprod
17-11-2010, 23:10
I hear it is true and we could be rid of moonbeam once and for all and we should support and work with the new owners to ensure a happy future. We may be able to buy in January if debt wiped

Allez
17-11-2010, 23:10
This has all the hallmarks of a co-ordinated wind-up in my opinion.

I think their page has been hacked, as Bill has already said.

gertwin
17-11-2010, 23:10
Account hacked?

Thats what i was thinking.

There is nothing on the official RST site :confused:

bornabluenose
17-11-2010, 23:10
Smells a bit iffy to me.

scozia
17-11-2010, 23:10
this site will crash before 40 pages.

it's getting slower and slower.

oh and who is this whyte chap? anyone ever heard of him?

or is it rhyming slang for shyte???

RangersCentreHalf
17-11-2010, 23:10
Might be in for a long night here!

rummy
17-11-2010, 23:10
I`ve actually missed all the takeover malarky.

I`m just going to have a wee glass of wine and enjoy the hysteria,
true or false

Let the show commence :):):)

Northampton_loyalist
17-11-2010, 23:11
get on the phone northampton loyalist

That will be shining ****ing bright :D

I made a big enough **** of myself last time for 3 takeovers. I'm sitting this one firmly out :D

worcester bear
17-11-2010, 23:11
how come its trialists getting these texts?

ian1690
17-11-2010, 23:11
Wind up. Until its breaking news on ssn, in the words of the dragons.

I'm out.

Allez
17-11-2010, 23:11
Rumours started by text message apparently :roll:

Wonder which timbo site is responsible for this...

dublinbear
17-11-2010, 23:11
I have to admit, I did suspect that. Something isn't quite right about this.

Until someone from The RST appears to confirm this, i suspect it is a mhank at the wind up.

thirdtwin
17-11-2010, 23:11
Thought we had to tell the City before any deal was done due to StockExchange rules?

I smell the brown stuff

scottyboy1984
17-11-2010, 23:12
I have doubts that this is true!

adamski
17-11-2010, 23:12
This has all the hallmarks of a co-ordinated wind-up in my opinion.

I think their page has been hacked, as Bill has already said.


Unless Suck's had his phone nicked, it's not.

Top_Cat
17-11-2010, 23:12
Not now, not ever...well at least for a year or two.
This story is bunkum as the late Jimmy Sanderson used to say.

Clark
17-11-2010, 23:12
Not believing a single word of it,I can't handle this shit all over again - I was checking FF every 2 seconds when the Ellis thing was in full force!

giantchelsea
17-11-2010, 23:12
http://2.bp.blogspot.com/_-kPaoyXh_Pc/SshAgSJm_HI/AAAAAAAAAtQ/sgngCmMoj9s/s320/Victor+Meldrew.jpg

bornabluenose
17-11-2010, 23:12
More to the point who's is fecking sending the texts .

will-a-rfc
17-11-2010, 23:13
I am going to remain very sceptical on this!!

BUT...... if true sounds promising!

BigBlueBomber
17-11-2010, 23:13
Wind up deffo.

Minty would have to have made an announcement again to the stock-market saying investors were interested.

paulb1912
17-11-2010, 23:13
I hope Suck has plenty of hamster food, we could be in for a long one...

calneblue
17-11-2010, 23:13
i have my doubts about this

Top_Cat
17-11-2010, 23:13
That will be shining ****ing bright :D

I made a big enough **** of myself last time for 3 takeovers. I'm sitting this one firmly out :D

Aye, yeh, you, getting all our hopes us, if only I could ban you, I would :D

Tony Blundetto
17-11-2010, 23:13
That will be shining ****ing bright :D

I made a big enough **** of myself last time for 3 takeovers. I'm sitting this one firmly out :D

You certainly did!!

Just sit it out and watch someone else take their turn.:D

dublinbear
17-11-2010, 23:13
I hear it is true and we could be rid of moonbeam once and for all and we should support and work with the new owners to ensure a happy future. We may be able to buy in January if debt wiped

Have you spoken to anyone from the RST mate?

Was it actually a RST board member that posted the story on the Facebook page?

MDC
17-11-2010, 23:13
Suck will be on presently, but this (although NOT a done deal) is a goer.

Bill the Butcher
17-11-2010, 23:13
So, text messages fly round Glasgow, then Facebook and Twitter announce the takeover of Rangers? :D

I'm officially out, until somebody confirms this is not a stitch up.

wc06
17-11-2010, 23:13
I smell shite.Account hack or posted by a mongo.Maybe both.

rab_gascoigne_8
17-11-2010, 23:13
Where is the RST this site is full of them! somebody must be able to clarify??

Stirling Bear
17-11-2010, 23:14
is there anybody on FF that can confirm through the RST?

Deek1873
17-11-2010, 23:14
I got the text aswell about 20 mins ago so signed on here half expecting the board to be so busy it had broke again, long night ahead me thinks.

Garybluebear
17-11-2010, 23:14
Ahh ive missed this talk.Lets get it on.

david1982
17-11-2010, 23:14
Unless Suck's had his phone nicked, it's not.

is it suck who does the RST twitter and FB pages?

RangersRus
17-11-2010, 23:14
I got a text and the chap who text me hasn't been wrong before. I definitely believe this.

dundeebear82
17-11-2010, 23:14
Just seen that on Facebook as well. Surely some substance to it now?


Surely you dont believe everything you read on there?:blink:

DjurgardenBear
17-11-2010, 23:14
Heart & Hand facebook hacked? RST facebook and Twitter hacked?

Get a grip, giving the paranoid mhanks a run for their money here boys! :D

theinkmaster
17-11-2010, 23:15
Unless Suck's had his phone nicked, it's not.

im with you on this;)

isawthat
17-11-2010, 23:15
If the Trust is running with this, it must be true, they are never wrong:roll:

The Predator
17-11-2010, 23:15
I am gonna be knackered tomorrow for work. All nighter here we go :D

YOGI_GER
17-11-2010, 23:15
Well it's only 18.11 over here, so I can hang around here for a while. :D

DjurgardenBear
17-11-2010, 23:15
Oh look the FF Twitter has been hacked as well now :)

The laffbot
17-11-2010, 23:16
Not this shit again :eek: :D

TheBattleFever
17-11-2010, 23:16
H&H's facebook page running with this as well

http://www.facebook.com/pages/Rangers-Supporters-Trust/10150104779665191#!/pages/Heart-and-Hand-the-Rangers-Podcast/124650367580880

Laudrup70
17-11-2010, 23:16
Try 40 pager!

:eek:

Admin, just an idea but killing posts like this early is counter productive.

Sticky it with addendum (The story is horseshite) or something like that (if it is, that is)

Rotten_Mob
17-11-2010, 23:16
Hope the RST doesn't have the same sources as the usual throbbers on here who did so brilliantly last time.

Could be the nail in the coffin.

AppleBear1976
17-11-2010, 23:16
http://i53.tinypic.com/15wght5.jpg

'well you know that £700 million Ibrox develop............'

toffee
17-11-2010, 23:16
got the text as well but you would have thought if it was true it would have been reported before now

immortal7
17-11-2010, 23:16
100% official, this is happening

what do we know about craig whyte

david1982
17-11-2010, 23:16
Rangers Supporters Trust Will be in the media tomorrow morning folks. The great news for RFC is that the club will be stabilised and probably debt-free. Of course beyond that, we look forward to hearing what the plans are.


from RST FB page

OrigTommy
17-11-2010, 23:16
I give it an hour before BDTS is on here telling everyone he was right after all ;)

Methinks there's a chance it could be a Timmy version of Operation Tango helped by a hacked FB site, some text messages and a few strategically placed trialists.

For that reason i'd cut this thread until we hear something concrete....

ALLYSGOLDENBOOT
17-11-2010, 23:17
Hope to *** the hamsters not been wasting his time over the past few months and got his arse to the gym!

rummy
17-11-2010, 23:17
Suck will be on presently, but this (although NOT a done deal) is a goer.


AW NAW! MDC`s accounts been hacked too :eek:

adamski
17-11-2010, 23:17
Suck will be on presently, but this (although NOT a done deal) is a goer.


well, at least I now know he didn't get his phone nicked ;)

The Predator
17-11-2010, 23:17
Suck will be on presently, but this (although NOT a done deal) is a goer.

Ah fir fook sake, what have you done.

Let meltdown commence :)

Bill the Butcher
17-11-2010, 23:17
Heart & Hand facebook hacked? RST facebook and Twitter hacked?

Get a grip, giving the paranoid mhanks a run for their money here boys! :D

I'm taking nothing for granted. :D

GavCo
17-11-2010, 23:18
Heart & Hand facebook hacked? RST facebook and Twitter hacked?

Get a grip, giving the paranoid mhanks a run for their money here boys! :D

I would place money on the facebook and twitter accounts of the RST having the same password and Heart & Hand have just re-posted what was on the RST site :D

The laffbot
17-11-2010, 23:18
http://4.bp.blogspot.com/_la4dLzbZkrI/R4hdeAoBG8I/AAAAAAAAAEA/2IGvHqNPwtI/s400/f5refreshrefresh.jpg

Superally51
17-11-2010, 23:18
Its at times like these i wish i had a facebook..

calneblue
17-11-2010, 23:18
525 viewing this thread

hope the hamster is well fed!!!

Captain_Buns
17-11-2010, 23:18
Surely it can't be true when there hasn't been a FF source leak??? :D

Allez
17-11-2010, 23:19
I give it an hour before BDTS is on here telling everyone he was right after all ;)

Methinks there's a chance it could be a Timmy version of Operation Tango helped by a hacked FB site, some text messages and a few strategically placed trialists.

For that reason i'd cut this thread until we hear something concrete....

Either that or the deal is not as far down the line as the initial excitement suggests.

The early editions will tell all, but they will probably run with something along the lines of he COULD be interested, on the right terms, in due course etc.

Of course if the guy is a forward-thinking, self-made multi-millionaire then it would be cracking news should it prove to be true.

The Defender
17-11-2010, 23:19
Front page of tomorrows papers.

SM
17-11-2010, 23:20
The thought of David Murray walking out the door with £6,000,000 sickens me.

gardi
17-11-2010, 23:20
ONE IN A MILLION
Published on 15 Jul 1996

By TERRY HOUSTON


More and more young Scots are starting in business, showing commendable drive and initiative. They may not yet have caught the public eye but some achievements are nothing short of spectacular. In this exclusive series of extracts from the remarkable new book Young Scots in Business*, we bring you the young entrepreneurs making their mark in business in their native land AT THE age of 15, schoolboy Craig Whyte quietly lifted the phone and, for the first time, spoke to a stockbroker. Using cash he had saved from his weekend job, the teenager was about to play the Stock Market. Not realising the age of the confident-sounding young caller, the broking firm agreed to open an account with him. Soon it was handling regular transactions for its new client. By the time Whyte left school at 17, he had a larger bank balance than most of his teachers. Through shrewd stocks and shares manipulation, and the occasional reversal of fortune, he had amassed a sum in excess of #20,000. For Whyte, it was the first step on the road to becoming Scotland's youngest self-made millionaire. Today, at the age of 26, he is chief executive and owner of Vital Holdings plc, a conglomerate of companies providing a variety of services to the construction industry, retail stores, and local authorities, ranging from heavy plant hire, security services, and industrial and office cleaning. With an annual turnover in excess of #12m, annual profits of #1.5m, and a total of nearly 750 staff on his books, the group - in less than four years - is already up among Scotland's top 500 companies. For Whyte, it is only a beginning. He outlines his objectives extremely candidly: ``I want to have a substantial and profitable and world-wide business; I want to become a fully listed company on the Stock Exchange, and I want to have major league personal wealth, which for me is over #100m.'' He grins cheerily when asked why he wants such massive personal wealth, and says succinctly: ``It's just what you use to measure yourself against the Hansens, the Goldsmiths, and the Bransons of this world.'' He may be a young man in a hurry, but the last word anyone would dream of applying to him is brash. He is quietly spoken, friendly, refreshingly normal and straightforward, and quite without ostentation. The office in Wishart Street, Glasgow, from where he runs his fast growing business empire, is entirely functional and bereft of executive toys. Even the 500SL Mercedes at the door is a muted black. At school, virtually no-one knew about his secret hobby. He never mentioned it to his friends. To all outward appearances, Whyte was an ordinary teenager, enjoying the usual pursuits of a young man, with his circle of friends. The truth, though, was somewhat different. Craig Whyte was - and is - a self-taught Scottish business phenomenon. Who among us, at the age of 19, would be capable of walking into a bank manager's office with #20,000 capital and a professionally prepared business plan to finance the start-up of our first company - and walk out with the pledge of a #60,000 loan? Yet, not only did the teenager get the bank's backing, he also, in the same week, arranged deals with finance houses to acquire #500,000 worth of plant for his first business. Modestly, Whyte says the climate of the times helped him; he doubts if it would be possible for a person of that age to do so today. The 1980s was a decade when the Stock Market - before its eventual ``Black Wednesday'' crash - kept climbing. Very much a child of the eighties, Craig Whyte was capable of wheeling and dealing with the rest of them, although without the crass excesses of the high-flying yuppie dealers who were such a part of the London scene. Brought up in Motherwell with his sister, Adele, Whyte's background was one of comfortable affluence. It was also one where business was very much a way of life. His father, Tom, founded and ran his own successful plant hire company, first in Motherwell, then in Glasgow, before eventually selling out. His mother, Edna, owned a babywear shop. ``Business was all round us when we were growing up, and I obviously got very interested in ways of making money,'' recalls Whyte. Academically, Whyte was a fairly average pupil. Unusually, his parents left the choice of secondary school up to himself and his sister when the time came for them to move on from primary education. Whyte plumped for the fee-paying Kelvinside Academy in Glasgow, for no other reason than a number of his friends were going there, while his sister later elected to attend the local Dalziel High School. Looking back on that time, he reckons he made the wrong choice. ``I hated the discipline of it,'' he says. ``It was a rugby-only school, which I didn't play because I was interested in football.'' Every weekend, to earn pocket money, he worked for his father's firm, donning overalls to undertake manual tasks such as washing out machines or labouring to the fitters repairing plant. ``I'd read about traded options somewhere, so I got some information from the Stock Exchange about the market, and decided it was an interesting way to make money,'' he says. ``But you can get too cocky and too smart. Black Wednesday, in particular, hit me. I'd left school by then, of course, and was working for my father. ``I had just made a particularly good investment and decided to plough the lot back into the market when it collapsed. I lost quite a few thousand, but that's what can happen.'' The job in his father's firm was a lowly one. As a hire desk clerk, Whyte answered the phone, took bookings, and handled breakdowns and replacements. He also dealt with sales from the company's retail division. The decision to go into business for himself was actually forced upon him by his father's sale of the company to the BET Group. He decided to start up his own plant hire company, Whyte Hire, in McFarlane Street, near The Barras in Gallowgate, Glasgow. He did it with some boldness of style, too. With complete self-assurance, the teenage entrepreneur drew up a business plan to create a most substantial company, leaping into the hire market as a fairly major Scottish player - then got the financial backing for it. From his bank, he obtained a #60,000 overdraft facility, then went on to bring finance houses and HP companies on board to finance the acquisition of #500,000 construction plant. ``I was totally confident,'' Whyte recalls. ``If someone had come up to me and said they'd give me #10m, I'd have spent that, no problem at all.'' His confidence seemed fully justified. In the first two years of trading, business was exceptionally good and everyone wanted to deal with the company. Having an enormously versatile range of plant available - eventually his purchases were to rise to #1.5m - Whyte's firm was able to supply, at speed, a lot of equipment which wasn't so readily available elsewhere. In its first year, the business grossed #770,000, making a profit of around #150,000, and performed similarly well in its second year. During the third year of trading, however, things began to turn sour. In Scotland, the recession was beginning to bite and work for the construction industry - always among the first business sectors to feel the pinch - began to taper. Whyte Hire found itself sitting with far too much plant. Even then, Whyte would probably have weathered the downturn in business, but for another crushing blow. A blue chip construction company, which had been hiring a large percentage of the company's equipment, refused to pay a huge bill of #300,000. The dispute, which centred on claims and counter claims about massive losses of equipment, blew a vast hole in the company finances; the debt was greater than the business's net worth. Gamely, Whyte struggled on, but the task proved beyond him. For him, the final humiliation came when the bank, which always had been tremendously supportive of him, failed to meet a wages cheque for his 20-strong staff. Whyte put the business into voluntary liquidation, and it went down with debts of some #300,000. Later, when he started a new business, Whyte was to rehire many of the staff, quite a few of whom still work for him today. Unusually, the company failure didn't dent Whyte's confidence. ``It hurt my pride more than anything else,'' he says. ``For the first couple of years afterwards, I wouldn't tell anyone about it, I swept it under the carpet. Then I realised there's no point in doing that.'' Within weeks, Whyte was back in business. He still owned another small, sole proprietor security business, trading under the UK Security Group name, which employed about 30 staff. He also founded another construction plant hire business, City Plant, buying some of the old equipment from the liquidator handling the closure of his old firm. His straight-forward treatment of the finance houses also worked to his advantage because those which had rescheduled his debts continued to support him. City Plant - which is still operational today, although now from Bellshill, Lanarkshire - was a much smaller version of his original business, with an initial annual turnover of around #300,000. However, Whyte's attentions turned more and more to the security company. In a very understandable reaction to past events, he was extremely wary of taking on company borrowings; he wanted to be involved in a business which did not require heavy capital start-up. Security service work was attractive because it was cash-generative; you first landed the contracts, then hired the staff needed to fulfil them. It was a low-risk venture. To the young tycoon, it also looked like a growth sector. In 1993, Whyte bought over Vital Security. Acquired for about #120,000, it brought with it about #1m worth of contracts, boosting his turnover from #2.5m to #3.5m. In 1994, a succession of small companies was acquired, most of them being little more than the buying up of security contracts, and, in some instances, the debtors' book. However, the year did bring two significant takeovers. The first, of a security company in Manchester, gained Vital Security a toehold in the English market; the second - In Store Security and Property Protection Services - opened up a new avenue of retail security work, and triggered off a number of retail-sector contracts which were in place, including a major one with Kwik-Save. Other big contracts In Store has are with HMV, Superdrug, and Asda. In that year, too, he acquired his first overseas company, a 75% stake in the Vietnam Trading Company which, from a factory base in Hanoi, manufactures fire-proof gypsum ceiling tiles for sale in Singapore and Hong Kong, as well as Vietnam. However, it was Whyte's UK acquisitions that year which mattered most. They laid the foundations for further expansion in 1995, which began with another acquisition in England, Cathedral Security of Durham. Whyte also started up Custom Cleaning Services. Its role was to handle office cleaning, special contracts and industrial cleaning - all part of Whyte's strategy of creating a series of linked industrial service businesses fitting in with his client base. In support of that goal, he acquired Hire Access, which took him, for the first time, into aluminium scaffolding hire. In December, the young businessman clinched his biggest deal, taking over the plant and transport division of Hall & Tawse Scotland, a highly respected construction business which is part of the Raines Group.
It was a considerable business coup. To acquire the division, Whyte beat off several predators, paying #75,000 for it, while also negotiating a deal worth #7.5m to lease back equipment to the company over a three-year period. Also flung into the pot were arrangements to provide Hall & Tawse with site security and contract cleaning services in Aberdeen, Glasgow, Dundee, and Edinburgh. The deal went through under his new company, Vital Holdings plc, which was set up specifically to bring all the various strands of his business together under the one umbrella. This year, the acquisitions have continued. The most significant to date has been the purchase of Scotland's Erskine Cleaning Services, which has more than doubled the size of his cleaning division. Its staff numbers about 50, while Erskine will bring to it a workforce of about 80. He is also pursuing a take-over which he hopes will result in him becoming probably the youngest chief executive of a company on the London Stock Exchange. While there are no certainties in life, it is reasonable to predict that, in Vital Holdings plc, we are witnessing the first stages of a young man transforming it into a financial power which will become a household name. *Young Scots in Business, by Terry Houston, from Lang Syne Publishers, at #4.99.

canalbear
17-11-2010, 23:20
White better have £30 million to spend straight off the bat or he can phuck right back to Hogwarts.

Dougie Gray
17-11-2010, 23:20
Heart & Hand facebook hacked? RST facebook and Twitter hacked?

Get a grip, giving the paranoid mhanks a run for their money here boys! :D

Was just about to post the same. This looks on.

david1982
17-11-2010, 23:20
the stock exchange dont need to be informed until an actual bid is made for Mintys shares? is that right?

adamski
17-11-2010, 23:20
Surely it can't be true when there hasn't been a FF source leak??? :D

Medical Maw has held Whyte's baws and asked him to cough, and hit his stauner with a cold spoon.

HARTHILL_GER
17-11-2010, 23:21
Liberty Capital is Craig Whyte's holdings company

imager
17-11-2010, 23:21
Suck will be on presently, but this (although NOT a done deal) is a goer.

I can back MDC here, GS will post information shortly.

DjurgardenBear
17-11-2010, 23:21
I would place money on the facebook and twitter accounts of the RST having the same password and Heart & Hand have just re-posted what was on the RST site :D

I'd place even more on the fact that Joanne, Mark, David and co. all speak to each other away from facebook and if an account was hacked they'd know about it pronto. ;)

schosha
17-11-2010, 23:21
Fingers crossed this is a goer

Andy_Fraser
17-11-2010, 23:21
Memories of the Jelavic transfer thread here, F5 F5 F5 F5... :)

immortal7
17-11-2010, 23:21
He went to my school, where is that tie?

toolbox11
17-11-2010, 23:21
11.17 am Thursday morning here, this will get me through my day at work!

dublinbluenose
17-11-2010, 23:22
and were off for a fun packed two weeks of my scource tells me:roll::D

gertwin
17-11-2010, 23:22
Its at times like these i wish i had a facebook..

Facebook beat Twitter with the "exclusive" by a bawhair of a second :D

The laffbot
17-11-2010, 23:22
White better have £30 million to spend straight off the bat or he can phuck right back to Hogwarts.

:D :clap: :clap:

chucknorris
17-11-2010, 23:22
trying not to get my hopes up here like the last time.

change at the top is what is needed with money and fresh ideas on how to take the club forward.

Stirling Bear
17-11-2010, 23:22
As far as the stock market goes there will be no announcement until the close of play the next day, so if a deal was done tonight it wont be announced until tomorrow at quarter past 5.

The Predator
17-11-2010, 23:22
Oh my goodness, I might take a few sickies from work

numberoneallover
17-11-2010, 23:23
Wind up. Until its breaking news on ssn, in the words of the dragons.

I'm out.

couldnt of said it better myself

good night followfollow and no doubt rip the hamster :eek:

Jorgthegreat2
17-11-2010, 23:23
Does this mean something? Bid Situation

http://www.plusmarketsgroup.com/details.shtml?ISIN=GB0007237380%2FGBX%2FPLUS-exn

turrabear
17-11-2010, 23:23
Where is sccgers and his sources when you need them?

don't start him off for god,s sake.

Loves To Spooge
17-11-2010, 23:23
rumours of a transfer kitty of...

1 billion dollars

http://2.bp.blogspot.com/_JT2_Yk4m8Ao/TL8u307F9vI/AAAAAAAAAJE/i95PXypdrl0/s1600/dr-evil.jpg

david1982
17-11-2010, 23:23
http://www.plusmarketsgroup.com/details.shtml?ISIN=GB0007237380/GBX/PLUS-exn


whats this about?

The Predator
17-11-2010, 23:23
Seriously though, the bear pit has missed some of this shit :D These threads are epic.

trent_steel
17-11-2010, 23:23
Unless he's changed his ways in the last 10 years I would not be overjoyed if Craig Whyte took over Rangers.

LJ50
17-11-2010, 23:24
Does this mean something? Bid Situation

http://www.plusmarketsgroup.com/details.shtml?ISIN=GB0007237380%2FGBX%2FPLUS-exn
It's been like that since the official announcement that we were up for sale. Seems a lifetime ago!

gertwin
17-11-2010, 23:24
Is anyone near an all night garage.

Go and buy the paper with the story and scan it :p

cosmoger
17-11-2010, 23:24
Unless he's changed his ways in the last 10 years I would not be overjoyed if Craig Whyte took over Rangers.

Can you expand on that?

ALLYSGOLDENBOOT
17-11-2010, 23:24
woohoo, i'm early shift tommorrow and off for a week my f5 finger's going to be ***ed by the weekend

Garybluebear
17-11-2010, 23:24
Right who is going for the early editions???

canalbear
17-11-2010, 23:25
Seriously though, the bear pit has missed some of this shit :D These threads are epic.

I feel rebornw00tw00tw00tw00tw00tw00t :bouncy::bouncy::bouncy::dance::dance::dance: :dance:

adam-1690-rfc
17-11-2010, 23:25
C'mon suck tell us more :D.

The laffbot
17-11-2010, 23:25
Right who is going for the early editions???

I vote you mate. ;)

Sutton_Blows_g0ats
17-11-2010, 23:26
Is anyone near an all night garage.

Go and buy the paper with the story and scan it :p

why? just so they can rehash what is posted on here? the papers know NOTHING

ayr__loyal
17-11-2010, 23:26
Right who is going for the early editions???

I nominate you! :D

BeardyBear
17-11-2010, 23:26
Yasssssssss :D

We've not had a scramble for the early editions in ****ing ages.

Someone get down the garage and set up camp :D

david1982
17-11-2010, 23:26
Suck has just posted this on the RST FB

Mark Dingwall - Whyte is a lot, lot bigger than Ellis.

dungiven loyal
17-11-2010, 23:26
let hope its true an rangers get back on th straigth an narrow again. Lets get behind th man an support him.

AppleBear1976
17-11-2010, 23:26
Lies, Damn Lies and somewhere the truth is out there.. etc etc

X-FilesLoyal.......

Garybluebear
17-11-2010, 23:26
I vote you mate. ;)

Wot an miss the fireworks on here nae chance;):D:D

clubdeckg
17-11-2010, 23:26
Messi the first signing

Fleetwood_Ger
17-11-2010, 23:26
http://images.starcraftmazter.net/4chan/for_forums/f5.gif

ran1gers
17-11-2010, 23:27
Has anyone phoned him yet?

nelster
17-11-2010, 23:27
Suck has just posted this on the RST FB

Mark Dingwall - Whyte is a lot, lot bigger than Ellis.

By how many inches guvnor ? ;)

gazborangers
17-11-2010, 23:27
Craig Whyte is the master of smoke and mirrors makes Murray look like an amateur!!

Make sure you know what he is offering and its actual hard cash before you welcome him with open arms.

canalbear
17-11-2010, 23:27
Suck has just posted this on the RST FB

Mark Dingwall - Whyte is a lot, lot bigger than Ellis.

GS been peeking again:angel:

IanDurrant10
17-11-2010, 23:27
I have been told this is a goer lads but nothing substantial, I don't know anything else I'm afraid

Tony Blundetto
17-11-2010, 23:28
:confused:
Unless he's changed his ways in the last 10 years I would not be overjoyed if Craig Whyte took over Rangers.

What ways do you speak of?:confused::(:eek:

OrigTommy
17-11-2010, 23:28
Someone unban MagicdeBoer72 immediately :D

Top_Cat
17-11-2010, 23:28
I wonder what journo is busy hammering away on his keyboard having lifted this very story from FF...what say you all...perhaps the Rhebel, or the Scum?

.....oooh, I say the Rhebel...c'mon Keech Jockson, surprise us all tomorrow....

tauntonbear
17-11-2010, 23:28
ONE IN A MILLION
Published on 15 Jul 1996

By TERRY HOUSTON


More and more young Scots are starting in business, showing commendable drive and initiative. They may not yet have caught the public eye but some achievements are nothing short of spectacular. In this exclusive series of extracts from the remarkable new book Young Scots in Business*, we bring you the young entrepreneurs making their mark in business in their native land AT THE age of 15, schoolboy Craig Whyte quietly lifted the phone and, for the first time, spoke to a stockbroker. Using cash he had saved from his weekend job, the teenager was about to play the Stock Market. Not realising the age of the confident-sounding young caller, the broking firm agreed to open an account with him. Soon it was handling regular transactions for its new client. By the time Whyte left school at 17, he had a larger bank balance than most of his teachers. Through shrewd stocks and shares manipulation, and the occasional reversal of fortune, he had amassed a sum in excess of #20,000. For Whyte, it was the first step on the road to becoming Scotland's youngest self-made millionaire. Today, at the age of 26, he is chief executive and owner of Vital Holdings plc, a conglomerate of companies providing a variety of services to the construction industry, retail stores, and local authorities, ranging from heavy plant hire, security services, and industrial and office cleaning. With an annual turnover in excess of #12m, annual profits of #1.5m, and a total of nearly 750 staff on his books, the group - in less than four years - is already up among Scotland's top 500 companies. For Whyte, it is only a beginning. He outlines his objectives extremely candidly: ``I want to have a substantial and profitable and world-wide business; I want to become a fully listed company on the Stock Exchange, and I want to have major league personal wealth, which for me is over #100m.'' He grins cheerily when asked why he wants such massive personal wealth, and says succinctly: ``It's just what you use to measure yourself against the Hansens, the Goldsmiths, and the Bransons of this world.'' He may be a young man in a hurry, but the last word anyone would dream of applying to him is brash. He is quietly spoken, friendly, refreshingly normal and straightforward, and quite without ostentation. The office in Wishart Street, Glasgow, from where he runs his fast growing business empire, is entirely functional and bereft of executive toys. Even the 500SL Mercedes at the door is a muted black. At school, virtually no-one knew about his secret hobby. He never mentioned it to his friends. To all outward appearances, Whyte was an ordinary teenager, enjoying the usual pursuits of a young man, with his circle of friends. The truth, though, was somewhat different. Craig Whyte was - and is - a self-taught Scottish business phenomenon. Who among us, at the age of 19, would be capable of walking into a bank manager's office with #20,000 capital and a professionally prepared business plan to finance the start-up of our first company - and walk out with the pledge of a #60,000 loan? Yet, not only did the teenager get the bank's backing, he also, in the same week, arranged deals with finance houses to acquire #500,000 worth of plant for his first business. Modestly, Whyte says the climate of the times helped him; he doubts if it would be possible for a person of that age to do so today. The 1980s was a decade when the Stock Market - before its eventual ``Black Wednesday'' crash - kept climbing. Very much a child of the eighties, Craig Whyte was capable of wheeling and dealing with the rest of them, although without the crass excesses of the high-flying yuppie dealers who were such a part of the London scene. Brought up in Motherwell with his sister, Adele, Whyte's background was one of comfortable affluence. It was also one where business was very much a way of life. His father, Tom, founded and ran his own successful plant hire company, first in Motherwell, then in Glasgow, before eventually selling out. His mother, Edna, owned a babywear shop. ``Business was all round us when we were growing up, and I obviously got very interested in ways of making money,'' recalls Whyte. Academically, Whyte was a fairly average pupil. Unusually, his parents left the choice of secondary school up to himself and his sister when the time came for them to move on from primary education. Whyte plumped for the fee-paying Kelvinside Academy in Glasgow, for no other reason than a number of his friends were going there, while his sister later elected to attend the local Dalziel High School. Looking back on that time, he reckons he made the wrong choice. ``I hated the discipline of it,'' he says. ``It was a rugby-only school, which I didn't play because I was interested in football.'' Every weekend, to earn pocket money, he worked for his father's firm, donning overalls to undertake manual tasks such as washing out machines or labouring to the fitters repairing plant. ``I'd read about traded options somewhere, so I got some information from the Stock Exchange about the market, and decided it was an interesting way to make money,'' he says. ``But you can get too cocky and too smart. Black Wednesday, in particular, hit me. I'd left school by then, of course, and was working for my father. ``I had just made a particularly good investment and decided to plough the lot back into the market when it collapsed. I lost quite a few thousand, but that's what can happen.'' The job in his father's firm was a lowly one. As a hire desk clerk, Whyte answered the phone, took bookings, and handled breakdowns and replacements. He also dealt with sales from the company's retail division. The decision to go into business for himself was actually forced upon him by his father's sale of the company to the BET Group. He decided to start up his own plant hire company, Whyte Hire, in McFarlane Street, near The Barras in Gallowgate, Glasgow. He did it with some boldness of style, too. With complete self-assurance, the teenage entrepreneur drew up a business plan to create a most substantial company, leaping into the hire market as a fairly major Scottish player - then got the financial backing for it. From his bank, he obtained a #60,000 overdraft facility, then went on to bring finance houses and HP companies on board to finance the acquisition of #500,000 construction plant. ``I was totally confident,'' Whyte recalls. ``If someone had come up to me and said they'd give me #10m, I'd have spent that, no problem at all.'' His confidence seemed fully justified. In the first two years of trading, business was exceptionally good and everyone wanted to deal with the company. Having an enormously versatile range of plant available - eventually his purchases were to rise to #1.5m - Whyte's firm was able to supply, at speed, a lot of equipment which wasn't so readily available elsewhere. In its first year, the business grossed #770,000, making a profit of around #150,000, and performed similarly well in its second year. During the third year of trading, however, things began to turn sour. In Scotland, the recession was beginning to bite and work for the construction industry - always among the first business sectors to feel the pinch - began to taper. Whyte Hire found itself sitting with far too much plant. Even then, Whyte would probably have weathered the downturn in business, but for another crushing blow. A blue chip construction company, which had been hiring a large percentage of the company's equipment, refused to pay a huge bill of #300,000. The dispute, which centred on claims and counter claims about massive losses of equipment, blew a vast hole in the company finances; the debt was greater than the business's net worth. Gamely, Whyte struggled on, but the task proved beyond him. For him, the final humiliation came when the bank, which always had been tremendously supportive of him, failed to meet a wages cheque for his 20-strong staff. Whyte put the business into voluntary liquidation, and it went down with debts of some #300,000. Later, when he started a new business, Whyte was to rehire many of the staff, quite a few of whom still work for him today. Unusually, the company failure didn't dent Whyte's confidence. ``It hurt my pride more than anything else,'' he says. ``For the first couple of years afterwards, I wouldn't tell anyone about it, I swept it under the carpet. Then I realised there's no point in doing that.'' Within weeks, Whyte was back in business. He still owned another small, sole proprietor security business, trading under the UK Security Group name, which employed about 30 staff. He also founded another construction plant hire business, City Plant, buying some of the old equipment from the liquidator handling the closure of his old firm. His straight-forward treatment of the finance houses also worked to his advantage because those which had rescheduled his debts continued to support him. City Plant - which is still operational today, although now from Bellshill, Lanarkshire - was a much smaller version of his original business, with an initial annual turnover of around #300,000. However, Whyte's attentions turned more and more to the security company. In a very understandable reaction to past events, he was extremely wary of taking on company borrowings; he wanted to be involved in a business which did not require heavy capital start-up. Security service work was attractive because it was cash-generative; you first landed the contracts, then hired the staff needed to fulfil them. It was a low-risk venture. To the young tycoon, it also looked like a growth sector. In 1993, Whyte bought over Vital Security. Acquired for about #120,000, it brought with it about #1m worth of contracts, boosting his turnover from #2.5m to #3.5m. In 1994, a succession of small companies was acquired, most of them being little more than the buying up of security contracts, and, in some instances, the debtors' book. However, the year did bring two significant takeovers. The first, of a security company in Manchester, gained Vital Security a toehold in the English market; the second - In Store Security and Property Protection Services - opened up a new avenue of retail security work, and triggered off a number of retail-sector contracts which were in place, including a major one with Kwik-Save. Other big contracts In Store has are with HMV, Superdrug, and Asda. In that year, too, he acquired his first overseas company, a 75% stake in the Vietnam Trading Company which, from a factory base in Hanoi, manufactures fire-proof gypsum ceiling tiles for sale in Singapore and Hong Kong, as well as Vietnam. However, it was Whyte's UK acquisitions that year which mattered most. They laid the foundations for further expansion in 1995, which began with another acquisition in England, Cathedral Security of Durham. Whyte also started up Custom Cleaning Services. Its role was to handle office cleaning, special contracts and industrial cleaning - all part of Whyte's strategy of creating a series of linked industrial service businesses fitting in with his client base. In support of that goal, he acquired Hire Access, which took him, for the first time, into aluminium scaffolding hire. In December, the young businessman clinched his biggest deal, taking over the plant and transport division of Hall & Tawse Scotland, a highly respected construction business which is part of the Raines Group.
It was a considerable business coup. To acquire the division, Whyte beat off several predators, paying #75,000 for it, while also negotiating a deal worth #7.5m to lease back equipment to the company over a three-year period. Also flung into the pot were arrangements to provide Hall & Tawse with site security and contract cleaning services in Aberdeen, Glasgow, Dundee, and Edinburgh. The deal went through under his new company, Vital Holdings plc, which was set up specifically to bring all the various strands of his business together under the one umbrella. This year, the acquisitions have continued. The most significant to date has been the purchase of Scotland's Erskine Cleaning Services, which has more than doubled the size of his cleaning division. Its staff numbers about 50, while Erskine will bring to it a workforce of about 80. He is also pursuing a take-over which he hopes will result in him becoming probably the youngest chief executive of a company on the London Stock Exchange. While there are no certainties in life, it is reasonable to predict that, in Vital Holdings plc, we are witnessing the first stages of a young man transforming it into a financial power which will become a household name. *Young Scots in Business, by Terry Houston, from Lang Syne Publishers, at #4.99.

Hope the Editor that passed that splurge of words is no longer in the industry.

It's enough to bring on a migraine reading that.

On this rumour I hope Ellis isn't involved in any shape or form. It sounds as far fetched as tea from China the way this has leaked out.

dalegordonstache
17-11-2010, 23:28
http://images.starcraftmazter.net/4chan/for_forums/f5.gif

Beauty!!! Im stealing that!!!:)

Allez
17-11-2010, 23:28
I wish we could get some concrete info on WHY we need to watch out, and WHO is the original source here!

steve_rfc06
17-11-2010, 23:28
I have been told this is a goer lads but nothing substantial, I don't know anything else I'm afraid

Where have we heard that before?

jonnymcc1
17-11-2010, 23:28
I was looking forward to an early night, not happening now :D

Exiting stuff.

weebear
17-11-2010, 23:28
although a new poster myself i love these types of threads, i say with fond memories i read the Ellis takeover threads. In years to come it will give us older Bears some good cred.

rummy
17-11-2010, 23:29
http://i54.tinypic.com/2h64w1y.jpg


Hammy`s just heard the news.

Scott196
17-11-2010, 23:29
http://www.memorylast.net/content/graphics/animated-gifs/popcorn.gif

HARTHILL_GER
17-11-2010, 23:29
Unless he's changed his ways in the last 10 years I would not be overjoyed if Craig Whyte took over Rangers.

What does that mean??? :eek:

robroy72
17-11-2010, 23:29
Suck has just posted this on the RST FB

Mark Dingwall - Whyte is a lot, lot bigger than Ellis.

Mark Dingwall is a lot, lot bigger than Whyte. :D

Tagsbear
17-11-2010, 23:29
I give it an hour before BDTS is on here telling everyone he was right after all ;)

Methinks there's a chance it could be a Timmy version of Operation Tango helped by a hacked FB site, some text messages and a few strategically placed trialists.

For that reason i'd cut this thread until we hear something concrete....

http://t1.gstatic.com/images?q=tbn:VVL1I1kzFx_vXM:http://beingalexus.blogdrive.com/images/tin-foil-hat.jpg&t=1
:)

AppleBear1976
17-11-2010, 23:30
by the way.. i got a text that Messi wants to come to Rangers... must be true..........................

schosha
17-11-2010, 23:30
I have been told this is a goer lads but nothing substantial, I don't know anything else I'm afraid

Oh ffs you stay out this :D

chilebear
17-11-2010, 23:30
for How much money???????????????''''

Top_Cat
17-11-2010, 23:30
ONE IN A MILLION
Published on 15 Jul 1996

By TERRY HOUSTON


More and more young Scots are starting in business, showing commendable drive and initiative. They may not yet have caught the public eye but some achievements are nothing short of spectacular. In this exclusive series of extracts from the remarkable new book Young Scots in Business*, we bring you the young entrepreneurs making their mark in business in their native land AT THE age of 15, schoolboy Craig Whyte quietly lifted the phone and, for the first time, spoke to a stockbroker. Using cash he had saved from his weekend job, the teenager was about to play the Stock Market. Not realising the age of the confident-sounding young caller, the broking firm agreed to open an account with him. Soon it was handling regular transactions for its new client. By the time Whyte left school at 17, he had a larger bank balance than most of his teachers. Through shrewd stocks and shares manipulation, and the occasional reversal of fortune, he had amassed a sum in excess of #20,000. For Whyte, it was the first step on the road to becoming Scotland's youngest self-made millionaire. Today, at the age of 26, he is chief executive and owner of Vital Holdings plc, a conglomerate of companies providing a variety of services to the construction industry, retail stores, and local authorities, ranging from heavy plant hire, security services, and industrial and office cleaning. With an annual turnover in excess of #12m, annual profits of #1.5m, and a total of nearly 750 staff on his books, the group - in less than four years - is already up among Scotland's top 500 companies. For Whyte, it is only a beginning. He outlines his objectives extremely candidly: ``I want to have a substantial and profitable and world-wide business; I want to become a fully listed company on the Stock Exchange, and I want to have major league personal wealth, which for me is over #100m.'' He grins cheerily when asked why he wants such massive personal wealth, and says succinctly: ``It's just what you use to measure yourself against the Hansens, the Goldsmiths, and the Bransons of this world.'' He may be a young man in a hurry, but the last word anyone would dream of applying to him is brash. He is quietly spoken, friendly, refreshingly normal and straightforward, and quite without ostentation. The office in Wishart Street, Glasgow, from where he runs his fast growing business empire, is entirely functional and bereft of executive toys. Even the 500SL Mercedes at the door is a muted black. At school, virtually no-one knew about his secret hobby. He never mentioned it to his friends. To all outward appearances, Whyte was an ordinary teenager, enjoying the usual pursuits of a young man, with his circle of friends. The truth, though, was somewhat different. Craig Whyte was - and is - a self-taught Scottish business phenomenon. Who among us, at the age of 19, would be capable of walking into a bank manager's office with #20,000 capital and a professionally prepared business plan to finance the start-up of our first company - and walk out with the pledge of a #60,000 loan? Yet, not only did the teenager get the bank's backing, he also, in the same week, arranged deals with finance houses to acquire #500,000 worth of plant for his first business. Modestly, Whyte says the climate of the times helped him; he doubts if it would be possible for a person of that age to do so today. The 1980s was a decade when the Stock Market - before its eventual ``Black Wednesday'' crash - kept climbing. Very much a child of the eighties, Craig Whyte was capable of wheeling and dealing with the rest of them, although without the crass excesses of the high-flying yuppie dealers who were such a part of the London scene. Brought up in Motherwell with his sister, Adele, Whyte's background was one of comfortable affluence. It was also one where business was very much a way of life. His father, Tom, founded and ran his own successful plant hire company, first in Motherwell, then in Glasgow, before eventually selling out. His mother, Edna, owned a babywear shop. ``Business was all round us when we were growing up, and I obviously got very interested in ways of making money,'' recalls Whyte. Academically, Whyte was a fairly average pupil. Unusually, his parents left the choice of secondary school up to himself and his sister when the time came for them to move on from primary education. Whyte plumped for the fee-paying Kelvinside Academy in Glasgow, for no other reason than a number of his friends were going there, while his sister later elected to attend the local Dalziel High School. Looking back on that time, he reckons he made the wrong choice. ``I hated the discipline of it,'' he says. ``It was a rugby-only school, which I didn't play because I was interested in football.'' Every weekend, to earn pocket money, he worked for his father's firm, donning overalls to undertake manual tasks such as washing out machines or labouring to the fitters repairing plant. ``I'd read about traded options somewhere, so I got some information from the Stock Exchange about the market, and decided it was an interesting way to make money,'' he says. ``But you can get too cocky and too smart. Black Wednesday, in particular, hit me. I'd left school by then, of course, and was working for my father. ``I had just made a particularly good investment and decided to plough the lot back into the market when it collapsed. I lost quite a few thousand, but that's what can happen.'' The job in his father's firm was a lowly one. As a hire desk clerk, Whyte answered the phone, took bookings, and handled breakdowns and replacements. He also dealt with sales from the company's retail division. The decision to go into business for himself was actually forced upon him by his father's sale of the company to the BET Group. He decided to start up his own plant hire company, Whyte Hire, in McFarlane Street, near The Barras in Gallowgate, Glasgow. He did it with some boldness of style, too. With complete self-assurance, the teenage entrepreneur drew up a business plan to create a most substantial company, leaping into the hire market as a fairly major Scottish player - then got the financial backing for it. From his bank, he obtained a #60,000 overdraft facility, then went on to bring finance houses and HP companies on board to finance the acquisition of #500,000 construction plant. ``I was totally confident,'' Whyte recalls. ``If someone had come up to me and said they'd give me #10m, I'd have spent that, no problem at all.'' His confidence seemed fully justified. In the first two years of trading, business was exceptionally good and everyone wanted to deal with the company. Having an enormously versatile range of plant available - eventually his purchases were to rise to #1.5m - Whyte's firm was able to supply, at speed, a lot of equipment which wasn't so readily available elsewhere. In its first year, the business grossed #770,000, making a profit of around #150,000, and performed similarly well in its second year. During the third year of trading, however, things began to turn sour. In Scotland, the recession was beginning to bite and work for the construction industry - always among the first business sectors to feel the pinch - began to taper. Whyte Hire found itself sitting with far too much plant. Even then, Whyte would probably have weathered the downturn in business, but for another crushing blow. A blue chip construction company, which had been hiring a large percentage of the company's equipment, refused to pay a huge bill of #300,000. The dispute, which centred on claims and counter claims about massive losses of equipment, blew a vast hole in the company finances; the debt was greater than the business's net worth. Gamely, Whyte struggled on, but the task proved beyond him. For him, the final humiliation came when the bank, which always had been tremendously supportive of him, failed to meet a wages cheque for his 20-strong staff. Whyte put the business into voluntary liquidation, and it went down with debts of some #300,000. Later, when he started a new business, Whyte was to rehire many of the staff, quite a few of whom still work for him today. Unusually, the company failure didn't dent Whyte's confidence. ``It hurt my pride more than anything else,'' he says. ``For the first couple of years afterwards, I wouldn't tell anyone about it, I swept it under the carpet. Then I realised there's no point in doing that.'' Within weeks, Whyte was back in business. He still owned another small, sole proprietor security business, trading under the UK Security Group name, which employed about 30 staff. He also founded another construction plant hire business, City Plant, buying some of the old equipment from the liquidator handling the closure of his old firm. His straight-forward treatment of the finance houses also worked to his advantage because those which had rescheduled his debts continued to support him. City Plant - which is still operational today, although now from Bellshill, Lanarkshire - was a much smaller version of his original business, with an initial annual turnover of around #300,000. However, Whyte's attentions turned more and more to the security company. In a very understandable reaction to past events, he was extremely wary of taking on company borrowings; he wanted to be involved in a business which did not require heavy capital start-up. Security service work was attractive because it was cash-generative; you first landed the contracts, then hired the staff needed to fulfil them. It was a low-risk venture. To the young tycoon, it also looked like a growth sector. In 1993, Whyte bought over Vital Security. Acquired for about #120,000, it brought with it about #1m worth of contracts, boosting his turnover from #2.5m to #3.5m. In 1994, a succession of small companies was acquired, most of them being little more than the buying up of security contracts, and, in some instances, the debtors' book. However, the year did bring two significant takeovers. The first, of a security company in Manchester, gained Vital Security a toehold in the English market; the second - In Store Security and Property Protection Services - opened up a new avenue of retail security work, and triggered off a number of retail-sector contracts which were in place, including a major one with Kwik-Save. Other big contracts In Store has are with HMV, Superdrug, and Asda. In that year, too, he acquired his first overseas company, a 75% stake in the Vietnam Trading Company which, from a factory base in Hanoi, manufactures fire-proof gypsum ceiling tiles for sale in Singapore and Hong Kong, as well as Vietnam. However, it was Whyte's UK acquisitions that year which mattered most. They laid the foundations for further expansion in 1995, which began with another acquisition in England, Cathedral Security of Durham. Whyte also started up Custom Cleaning Services. Its role was to handle office cleaning, special contracts and industrial cleaning - all part of Whyte's strategy of creating a series of linked industrial service businesses fitting in with his client base. In support of that goal, he acquired Hire Access, which took him, for the first time, into aluminium scaffolding hire. In December, the young businessman clinched his biggest deal, taking over the plant and transport division of Hall & Tawse Scotland, a highly respected construction business which is part of the Raines Group.
It was a considerable business coup. To acquire the division, Whyte beat off several predators, paying #75,000 for it, while also negotiating a deal worth #7.5m to lease back equipment to the company over a three-year period. Also flung into the pot were arrangements to provide Hall & Tawse with site security and contract cleaning services in Aberdeen, Glasgow, Dundee, and Edinburgh. The deal went through under his new company, Vital Holdings plc, which was set up specifically to bring all the various strands of his business together under the one umbrella. This year, the acquisitions have continued. The most significant to date has been the purchase of Scotland's Erskine Cleaning Services, which has more than doubled the size of his cleaning division. Its staff numbers about 50, while Erskine will bring to it a workforce of about 80. He is also pursuing a take-over which he hopes will result in him becoming probably the youngest chief executive of a company on the London Stock Exchange. While there are no certainties in life, it is reasonable to predict that, in Vital Holdings plc, we are witnessing the first stages of a young man transforming it into a financial power which will become a household name. *Young Scots in Business, by Terry Houston, from Lang Syne Publishers, at #4.99.

Thanks for posting that! :eek::blink:

Wait while I apply my grammar specs!

el jock grande sabía
17-11-2010, 23:30
Hope to *** the hamsters not been wasting his time over the past few months and got his arse to the gym!

http://i52.tinypic.com/30wmhx0.jpg

:)

Fleetwood_Ger
17-11-2010, 23:30
Hope the Editor that passed that splurge of words is no longer in the industry.

It's enough to bring on a migraine reading that.

On this rumour I hope Ellis isn't involved in any shape or form. It sounds as far fetched as tea from China the way this has leaked out.

Exactly what I said to the old man, took one look at the article and thought "Nah fuc* that" :mad:

Brave New World
17-11-2010, 23:30
Jeez waiting about like this reminds me of being a kid again at christmas....... feels like its never coming! Suck, suck where are you? lol

xcbgers
17-11-2010, 23:31
http://www.memorylast.net/content/graphics/animated-gifs/popcorn.gif



haha yes :)

Andy_Fraser
17-11-2010, 23:31
Right so whats the transfer kitty for January????

adam-1690-rfc
17-11-2010, 23:31
Heard we're singing Jelavic :D.

Yves Colleus Scarf
17-11-2010, 23:31
*** is Suck doin on Facebook?

THIS is his baby not bloody Facebook.

rangeral
17-11-2010, 23:31
I have been told this is a goer lads but nothing substantial, I don't know anything else I'm afraid

Here you stay out of this given your previous on this:ninja:

The laffbot
17-11-2010, 23:31
Someone unban MagicdeBoer72 immediately :D


Tony blundetto is magic/semper ;)

TheGarageFlower
17-11-2010, 23:31
How long before someone posts something like "...announcement due on Friday"

fishpakora
17-11-2010, 23:31
Did they ever find out who won the Euro Millions thing a few weeks back?

ayr__loyal
17-11-2010, 23:32
Ronald de boer next manager ;)

Top_Cat
17-11-2010, 23:32
I have been told this is a goer lads but nothing substantial, I don't know anything else I'm afraid

Scc - don't mate, don't spoil what you already have on here :D

gbq
17-11-2010, 23:32
this is great, every time i think i am at the end of this thread theres another page:p

Garybluebear
17-11-2010, 23:32
Heard we're singing Jelavic :D.

Make Follow follows decade an bring back Charlie:)

KTBFFH1872
17-11-2010, 23:32
Did they ever find out who won the Euro Millions thing a few weeks back?

think it was P2PRFC's uncle

The Predator
17-11-2010, 23:33
Jeez waiting about like this reminds me of being a kid again at christmas....... feels like its never coming! Suck, suck where are you? lol

Fancy font ;)

am proud 2 b blue
17-11-2010, 23:33
bet wee spew is drooling at the minute thinking how he can reveal the exclusive on snyde in the morning

Loves To Spooge
17-11-2010, 23:33
I have been told this is a goer lads but nothing substantial, I don't know anything else I'm afraid

i'll take that with a huge pinch of

http://www.delish.com/cm/delish/images/xW/pinch-my-salt-lg.jpg

gertilidie
17-11-2010, 23:33
http://i52.tinypic.com/30wmhx0.jpg

:)

Just watched that very episode tonight

DBear
17-11-2010, 23:33
Methinks this shall out-do the Jelavic thread!

ALLYSGOLDENBOOT
17-11-2010, 23:34
I was just heading off to my scratcher as well!

could they not have waited till the funkin morning

Allez
17-11-2010, 23:34
I love how all the smart arses come out with their tin foil talk, only after it gets reported from several sources :D

Gladbear
17-11-2010, 23:34
So is Jelavic cup tied or not? :)

SM
17-11-2010, 23:34
Article on front page - http://www.*****************/news/tmnw/rangers_to_be_sold_in_deal_for_30_million_to_glasg owborn_businessman_600094/index.shtml

AppleBear1976
17-11-2010, 23:34
still dont believe.............

BeardyBear
17-11-2010, 23:34
http://t2.gstatic.com/images?q=tbn:XXlqmJrU5KZIkM:http://www.pkslawfirm.com/blog/wp-content/uploads/2009/04/seatbelt.jpg&t=1

el jock grande sabía
17-11-2010, 23:35
Just watched that very episode tonight

"Can i pick him up"?

"Better not"!:D

bluenosebazza
17-11-2010, 23:35
I have been told this is a goer lads but nothing substantial, I don't know anything else I'm afraid

Might be better if you sit this one out big chap. Just thinking of yourself mate.

adam-1690-rfc
17-11-2010, 23:35
So is Jelavic cup tied or not? :)

Is he signing or no :mad:?

The laffbot
17-11-2010, 23:35
Can he play in europe?

DjurgardenBear
17-11-2010, 23:35
I love how all the smart arses come out with their tin foil talk, only after it gets reported from several sources :D

People were still worrying about Operation Thango AFTER it had been reported by several sources. :D

whitecarlos
17-11-2010, 23:36
DJsays there's an 80% chance it will go through.

dereksmallsloyal
17-11-2010, 23:36
The LC website link is nothing but a shell that hasn't been refreshed in 2 years. The herald article is 14 years old. Like Ellis, he appears to have no visible track record.

Whatever the source of the rumour, this (or more likely, Whyte himself) doesn't sound bona fide to me.

IanDurrant10
17-11-2010, 23:36
Haha, before folk have a go read what I put. I got the same stuff and have heard its a goer, nothing substantial and i dont know anything else

I'll watch on with interest though :p

numberoneallover
17-11-2010, 23:36
I have been told this is a goer lads but nothing substantial, I don't know anything else I'm afraid

the last time this was a goer Murray appeared at a game a few weeks later :eek:

TheGarageFlower
17-11-2010, 23:36
That thread brings back memories :D

The Predator
17-11-2010, 23:36
still dont believe.............

Keep Believing

cjayn94
17-11-2010, 23:36
Love these threads let the all nighter begin
:p:p:p:p:D:D:D:D:D:thumb::thumb::thumb::thumb::cla p::clap::clap::clap::dance::dance::dance::dance::d ance::bouncy::bouncy::bouncy::bouncy:

OrigTommy
17-11-2010, 23:37
Tony blundetto is magic/semper ;)

Brilliant, i never realised the great man is back. He's 100% guaranteed to be refreshing this until the wee small hours, with SSN in the background and the Champers on ice.

Delighted you're here MDB/Semper/Tony :D

bigkilty
17-11-2010, 23:37
Wonder how many of the nosey press reporters are using this as their breaking news in the morning newspapers.Another exclusive on their back pages.



WATP

laloyal
17-11-2010, 23:37
i'll take that with a huge pinch of

http://www.delish.com/cm/delish/images/xW/pinch-my-salt-lg.jpg

charlie.....????;)

YOGI_GER
17-11-2010, 23:37
DJsays there's an 80% chance it will go through.

What, did they wake him up to ask? :confused:

nelster
17-11-2010, 23:38
Rangers to be sold in deal for £30 million to Glasgow-born businessman?

By Grandmaster Suck Wednesday, 17th November 2010


Follow Follow understand that Craig Whyte is in poll position to buy the club from Sir David Murray and the bank.

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.

scozia
17-11-2010, 23:38
DJsays there's an 80% chance it will go through.

DJ is also quoted as saying that 'he doesn't know who whyte is but he doesn't like him' :ninja:>:)

Bobby Banger
17-11-2010, 23:38
with paragraphs

Originally Posted by gardi
ONE IN A MILLION
Published on 15 Jul 1996

By TERRY HOUSTON


More and more young Scots are starting in business, showing commendable drive and initiative. They may not yet have caught the public eye but some achievements are nothing short of spectacular. In this exclusive series of extracts from the remarkable new book Young Scots in Business*, we bring you the young entrepreneurs making their mark in business in their native land.

AT THE age of 15, schoolboy Craig Whyte quietly lifted the phone and, for the first time, spoke to a stockbroker. Using cash he had saved from his weekend job, the teenager was about to play the Stock Market. Not realising the age of the confident-sounding young caller, the broking firm agreed to open an account with him. Soon it was handling regular transactions for its new client. By the time Whyte left school at 17, he had a larger bank balance than most of his teachers. Through shrewd stocks and shares manipulation, and the occasional reversal of fortune, he had amassed a sum in excess of £20,000.

For Whyte, it was the first step on the road to becoming Scotland's youngest self-made millionaire. Today, at the age of 26, he is chief executive and owner of Vital Holdings plc, a conglomerate of companies providing a variety of services to the construction industry, retail stores, and local authorities, ranging from heavy plant hire, security services, and industrial and office cleaning.

With an annual turnover in excess of £12m, annual profits of £1.5m, and a total of nearly 750 staff on his books, the group - in less than four years - is already up among Scotland's top 500 companies.

For Whyte, it is only a beginning. He outlines his objectives extremely candidly: ``I want to have a substantial and profitable and world-wide business; I want to become a fully listed company on the Stock Exchange, and I want to have major league personal wealth, which for me is over #100m.'' He grins cheerily when asked why he wants such massive personal wealth, and says succinctly: ``It's just what you use to measure yourself against the Hansens, the Goldsmiths, and the Bransons of this world.''

He may be a young man in a hurry, but the last word anyone would dream of applying to him is brash. He is quietly spoken, friendly, refreshingly normal and straightforward, and quite without ostentation. The office in Wishart Street, Glasgow, from where he runs his fast growing business empire, is entirely functional and bereft of executive toys. Even the 500SL Mercedes at the door is a muted black. At school, virtually no-one knew about his secret hobby. He never mentioned it to his friends. To all outward appearances, Whyte was an ordinary teenager, enjoying the usual pursuits of a young man, with his circle of friends.

The truth, though, was somewhat different. Craig Whyte was - and is - a self-taught Scottish business phenomenon. Who among us, at the age of 19, would be capable of walking into a bank manager's office with £20,000 capital and a professionally prepared business plan to finance the start-up of our first company - and walk out with the pledge of a £60,000 loan? Yet, not only did the teenager get the bank's backing, he also, in the same week, arranged deals with finance houses to acquire £500,000 worth of plant for his first business.

Modestly, Whyte says the climate of the times helped him; he doubts if it would be possible for a person of that age to do so today. The 1980s was a decade when the Stock Market - before its eventual ``Black Wednesday'' crash - kept climbing. Very much a child of the eighties, Craig Whyte was capable of wheeling and dealing with the rest of them, although without the crass excesses of the high-flying yuppie dealers who were such a part of the London scene.

Brought up in Motherwell with his sister, Adele, Whyte's background was one of comfortable affluence. It was also one where business was very much a way of life. His father, Tom, founded and ran his own successful plant hire company, first in Motherwell, then in Glasgow, before eventually selling out. His mother, Edna, owned a babywear shop. ``Business was all round us when we were growing up, and I obviously got very interested in ways of making money,'' recalls Whyte.

Academically, Whyte was a fairly average pupil. Unusually, his parents left the choice of secondary school up to himself and his sister when the time came for them to move on from primary education. Whyte plumped for the fee-paying Kelvinside Academy in Glasgow, for no other reason than a number of his friends were going there, while his sister later elected to attend the local Dalziel High School.

Looking back on that time, he reckons he made the wrong choice. ``I hated the discipline of it,'' he says. ``It was a rugby-only school, which I didn't play because I was interested in football.'' Every weekend, to earn pocket money, he worked for his father's firm, donning overalls to undertake manual tasks such as washing out machines or labouring to the fitters repairing plant. ``I'd read about traded options somewhere, so I got some information from the Stock Exchange about the market, and decided it was an interesting way to make money,'' he says. ``But you can get too cocky and too smart. Black Wednesday, in particular, hit me.

I'd left school by then, of course, and was working for my father. ``I had just made a particularly good investment and decided to plough the lot back into the market when it collapsed. I lost quite a few thousand, but that's what can happen.'' The job in his father's firm was a lowly one. As a hire desk clerk, Whyte answered the phone, took bookings, and handled breakdowns and replacements. He also dealt with sales from the company's retail division.

The decision to go into business for himself was actually forced upon him by his father's sale of the company to the BET Group. He decided to start up his own plant hire company, Whyte Hire, in McFarlane Street, near The Barras in Gallowgate, Glasgow. He did it with some boldness of style, too. With complete self-assurance, the teenage entrepreneur drew up a business plan to create a most substantial company, leaping into the hire market as a fairly major Scottish player - then got the financial backing for it.

From his bank, he obtained a £60,000 overdraft facility, then went on to bring finance houses and HP companies on board to finance the acquisition of £500,000 construction plant. ``I was totally confident,'' Whyte recalls. ``If someone had come up to me and said they'd give me £10m, I'd have spent that, no problem at all.'' His confidence seemed fully justified. In the first two years of trading, business was exceptionally good and everyone wanted to deal with the company.

Having an enormously versatile range of plant available - eventually his purchases were to rise to £1.5m - Whyte's firm was able to supply, at speed, a lot of equipment which wasn't so readily available elsewhere. In its first year, the business grossed £770,000, making a profit of around £150,000, and performed similarly well in its second year.

During the third year of trading, however, things began to turn sour. In Scotland, the recession was beginning to bite and work for the construction industry - always among the first business sectors to feel the pinch - began to taper.

Whyte Hire found itself sitting with far too much plant. Even then, Whyte would probably have weathered the downturn in business, but for another crushing blow. A blue chip construction company, which had been hiring a large percentage of the company's equipment, refused to pay a huge bill of #300,000. The dispute, which centred on claims and counter claims about massive losses of equipment, blew a vast hole in the company finances; the debt was greater than the business's net worth. Gamely, Whyte struggled on, but the task proved beyond him.

For him, the final humiliation came when the bank, which always had been tremendously supportive of him, failed to meet a wages cheque for his 20-strong staff. Whyte put the business into voluntary liquidation, and it went down with debts of some £300,000.

Later, when he started a new business, Whyte was to rehire many of the staff, quite a few of whom still work for him today. Unusually, the company failure didn't dent Whyte's confidence. ``It hurt my pride more than anything else,'' he says. ``For the first couple of years afterwards, I wouldn't tell anyone about it, I swept it under the carpet. Then I realised there's no point in doing that.'' Within weeks, Whyte was back in business.

He still owned another small, sole proprietor security business, trading under the UK Security Group name, which employed about 30 staff. He also founded another construction plant hire business, City Plant, buying some of the old equipment from the liquidator handling the closure of his old firm.

His straight-forward treatment of the finance houses also worked to his advantage because those which had rescheduled his debts continued to support him. City Plant - which is still operational today, although now from Bellshill, Lanarkshire - was a much smaller version of his original business, with an initial annual turnover of around £300,000. However, Whyte's attentions turned more and more to the security company.

In a very understandable reaction to past events, he was extremely wary of taking on company borrowings; he wanted to be involved in a business which did not require heavy capital start-up. Security service work was attractive because it was cash-generative; you first landed the contracts, then hired the staff needed to fulfil them.

It was a low-risk venture. To the young tycoon, it also looked like a growth sector. In 1993, Whyte bought over Vital Security. Acquired for about £120,000, it brought with it about £1m worth of contracts, boosting his turnover from £2.5m to £3.5m.

In 1994, a succession of small companies was acquired, most of them being little more than the buying up of security contracts, and, in some instances, the debtors' book. However, the year did bring two significant takeovers. The first, of a security company in Manchester, gained Vital Security a toehold in the English market; the second - In Store Security and Property Protection Services - opened up a new avenue of retail security work, and triggered off a number of retail-sector contracts which were in place, including a major one with Kwik-Save.

Other big contracts In Store has are with HMV, Superdrug, and Asda. In that year, too, he acquired his first overseas company, a 75% stake in the Vietnam Trading Company which, from a factory base in Hanoi, manufactures fire-proof gypsum ceiling tiles for sale in Singapore and Hong Kong, as well as Vietnam. However, it was Whyte's UK acquisitions that year which mattered most. They laid the foundations for further expansion in 1995, which began with another acquisition in England, Cathedral Security of Durham.

Whyte also started up Custom Cleaning Services. Its role was to handle office cleaning, special contracts and industrial cleaning - all part of Whyte's strategy of creating a series of linked industrial service businesses fitting in with his client base. In support of that goal, he acquired Hire Access, which took him, for the first time, into aluminium scaffolding hire. In December, the young businessman clinched his biggest deal, taking over the plant and transport division of Hall & Tawse Scotland, a highly respected construction business which is part of the Raines Group.

It was a considerable business coup. To acquire the division, Whyte beat off several predators, paying #75,000 for it, while also negotiating a deal worth #7.5m to lease back equipment to the company over a three-year period. Also flung into the pot were arrangements to provide Hall & Tawse with site security and contract cleaning services in Aberdeen, Glasgow, Dundee, and Edinburgh. The deal went through under his new company, Vital Holdings plc, which was set up specifically to bring all the various strands of his business together under the one umbrella.

This year, the acquisitions have continued. The most significant to date has been the purchase of Scotland's Erskine Cleaning Services, which has more than doubled the size of his cleaning division. Its staff numbers about 50, while Erskine will bring to it a workforce of about 80. He is also pursuing a take-over which he hopes will result in him becoming probably the youngest chief executive of a company on the London Stock Exchange. While there are no certainties in life, it is reasonable to predict that, in Vital Holdings plc, we are witnessing the first stages of a young man transforming it into a financial power which will become a household name. *Young Scots in Business, by Terry Houston, from Lang Syne Publishers, at #4.99.

sgt steve mcgarrett
17-11-2010, 23:38
That thread brings back memories :D

Aye of millions of carrier pigeons and telegrams being fired across Scotland on the night Murray bought us:)

The laffbot
17-11-2010, 23:38
Brilliant, i never realised the great man is back. He's 100% guaranteed to be refreshing this until the wee small hours, with SSN in the background and the Champers on ice.

Delighted you're here MDB/Semper/Tony :D

I like the guy but he wont last :D

AppleBear1976
17-11-2010, 23:38
http://i53.tinypic.com/seattz.jpg

rab_gascoigne_8
17-11-2010, 23:39
Symbol Cncy Code Bid Offer Mid Ann Volume Last Traded 52W Low 52W High
RFC GBX 27.00 32.00 29.50 900 17/11/2010

from http://www.plusmarketsgroup.com/reports.shtml?ISIN=GB0007237380/GBX/PLUS-exn

beastie69
17-11-2010, 23:40
http://astroblog.cosmobc.com/wp-content/uploads/2010/03/space_shuttle_launch.jpg

http://farm1.static.flickr.com/45/112672770_a5f558a562_m.jpg

The Predator
17-11-2010, 23:40
What, did they wake him up to ask? :confused:

:D:D:D:D This made me laugh

vancy
17-11-2010, 23:40
i'll take that with a huge pinch of

http://www.delish.com/cm/delish/images/xW/pinch-my-salt-lg.jpg

Stick me one out

Texas Bear
17-11-2010, 23:41
I smell Craig Whyte.

The laffbot
17-11-2010, 23:42
http://www.usu.edu/admissions/img/photos/ad-staff/craig.png

Allez
17-11-2010, 23:43
Same old egos on FF - quite willing to make statements, but far too well-connected to furnish us mere underlings with more information and names of sources :roll:

I'm oot.

Billys Big Toe
17-11-2010, 23:43
Nearly 800 viewing this thread alone!!:first:

andyb
17-11-2010, 23:43
Symbol Cncy Code Bid Offer Mid Ann Volume Last Traded 52W Low 52W High
RFC GBX 27.00 32.00 29.50 900 17/11/2010

from http://www.plusmarketsgroup.com/reports.shtml?ISIN=GB0007237380/GBX/PLUS-exn

Is the date there the last day shares were traded in Rangers

I.E. TODAY??