Bruce Craig

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search

Bruce Craig (born December 1962)[1] is a businessperson, entrepreneur and owner of Bath Rugby club.

As of 2017, Craig has a net worth of £300 million, according to The Sunday Times Rich List.[2]

Early life[edit]

Born in Bristol, Craig's father John Craig an English businessman worked for British American Tobacco.[3]

Craig studied at St Brendan's College a Grammar School where he captained the 1st XV of the school's rugby team.[4] He was chosen to represent the south of England at 18 but missed the U19 final England schools rugby trial due to a fractured leg.[4] Craig then studied Sport and Business management at Loughborough University achieving a Bachelor of Science degree.

Between 1987 and 1993, Craig played rugby for French team [Metro Racing 92]].[5]

Career[edit]

In 1997 Marken, a logistics business was acquired by Ocean Group (later to become Exel Logistics and Merge into Deutsch post). In 1999 Craig was appointed CEO of the Company and from that point Craig built and led a number of successful management buyouts over a period of 10 years. The first transaction in 2003 saw 3I venture capital enter into the shareholding of Marken for a price of £210m. 3i then exited the business for £420m after 2 years making £100m profit from the transaction.In 2005, Craig led a secondary management buyout of what had become a Pharmaceutical support services Company with the backing of Intermediate Capital Group.[6] Craig and the management now owned a significant majority stake in the new business.[6] In 2009, the company was bought by Apax Partners for £975 million (the first major private equity transaction in the world post the collapse of Lehman Brothers and the financial crash of 2008. Craig continED to hold a minority stake.[6] Craig stood back from the business as Non Executive Chairman to concentrate on other activities. Over a 10 year period Craig led 3 management buyouts and built the business from a small transport company acquired by Ocean for £2.5m in 1997 to a significant pharmaceutical support services business acquired by Apax Partners for £975m in 2009.

Bath Rugby[edit]

In 2010, Craig acquired 100% of Bath Rugby and moved the club's administrative headquarters into Farleigh House, where the new training facilities were situated.[7][5]

Craig also announced plans to build a new 18,000-capacity stadium for the club.[8]

Private life[edit]

[9] He is married with two sons and has a homes in Bath and Aix en Provence in the South of France.[3]

References[edit]

  1. ^ "Bruce Timothy CRAIG - Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 2018-03-15.
  2. ^ Times, The Sunday (2017-05-05). "The Sunday Times Rich List 2017: The richest in the Southwest". The Sunday Times. ISSN 0956-1382. Retrieved 2018-03-15.
  3. ^ a b Kitson, Robert (2010-10-22). "Rugby's down-to-earth sugar daddy with a grand vision for Bath | Robert Kitson". the Guardian. Retrieved 2018-03-15.
  4. ^ a b Gallagher, Brendan (2010-04-14). "Bath Rugby bought by millionaire fan Bruce Craig". ISSN 0307-1235. Retrieved 2018-03-15.
  5. ^ a b "Owner Bruce Craig believes Bath can be 'best in Europe'". BBC Sport. 2011-08-02. Retrieved 2018-03-15.
  6. ^ a b c "Subscribe to read". Financial Times. Retrieved 2018-03-15.
  7. ^ Gallagher, Brendan (2010-04-14). "Bath Rugby bought by millionaire fan Bruce Craig". ISSN 0307-1235. Retrieved 2018-03-15.
  8. ^ Evans, Daniel (2018-01-10). "Architects have been chosen to design new Bath Rugby stadium at the Rec". bathchronicle. Retrieved 2018-03-15.
  9. ^ Kitson, Robert (2010-10-22). "Rugby's down-to-earth sugar daddy with a grand vision for Bath | Robert Kitson". the Guardian. Retrieved 2018-03-15.