Newcastle Owner To Buy 10% Stake In Glasgow Rangers


The Herald in Scotland is reporting that Newcastle owner Mike Ashley is in advanced talks with Rangers CEO Charles Green,  to buy a 10% stake in the famous Scottish club, and to form a joint venture to sell their replica shirts through the Sports Direct stores.

Mike Ashley – 10% stake in Rangers plus a shirt deal

Mike has close to a 69% stake in Sports Direct which he founded back in the 1980s, and with Rangers in the plight they are in at the moment, a 10% stake in Rangers will not cost very much at all.

And if, as expected, Rangers come roaring back up the leagues and back into the Scottish Premier League in three or four years time, the brand name of Rangers will be intact, and the club will be worth much more than it’s worth today, and Mike Ashley will make a big profit, with the emphasis on big.

Back in 2006, when Rangers was owned by David Murray, JJB signed a £48M deal to sell Rangers’ merchandise on an exclusive basis over the next 10 years.

With Rangers having just emerged from bankruptcy (administration),  those deals will no longer be valid, and the new deal could be an absolute bargain for Ashley, who presumably will try to get a long term deal to take advantage of Rangers’ poor financial situation right now.

Not surprisingly a spokesman representing Mike Ashley had little to say to the press:

“It is speculation and we will not comment on commercial matters.”

Another Herald source close to the pending deal had this to say:

“Talks are at an advanced  stage and the deal should be signed in the next few days.”

Sports Direct has been doing extremely well of late in the retail business, and so much better than JJB Sports, one of its competitors, and that’s represented in their stock prices, with Sports Direct being valued at £1.7B compared to JJB’s measly £22M valuation.

A source familiar with Mike told The Herald:

“Mike has a great business. He certainly knows what he is doing on the merchandising, on the logistics front, that is for sure. Mike will want to get JJB out of the way and pick up the merchandise. It gets him a seat at the table.”

And to complete the comments,  a spokesman for JJB Sports said:

“We continue to work with the Rangers owners.”

It’s hard to think how Mike Ashley will not make big money on this deal, and he will unless Rangers fail to come back to their former glories, but surely they will come  roaring back – but it will take up to four years to do that from the depths of the Scottish leagues.

And while Mike Ashley struggled for over two years on how to run Newcastle United, after he bought the club back in the summer of 20007, he seems to have cracked the code, and Newcastle is now one of the best financially run football clubs in England.

His 10% stake in Rangers will also presumably give him a seat on the Rangers Board,  and a say in what the club does during its comeback.

Independent of any involvement by Mike Ashley, we hope that Rangers come roaring back.

Mike Ashley now knows how to run a club financially, and he’s also managed to bring in some top players at Newcastle, for next to nothing – for peanuts – in Joey Barton’s words.

Newcastle have done some tremendous deals in the transfer market over the last couple of years, but it’s not clear if Mike Ashley wants to buy a bigger stake in Rangers in the future, and he’s probably willing to get a great deal for Sports Direct while Glasgow Rangers are down  at the moment – but not out.

Comments welcome.



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41 comments so far

  • davybtoon

    Aug 8, 2012 at 8:54 AM

    Comment #1

    If true we could start sending our young lads on loan there

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  • martoon

    Aug 8, 2012 at 8:57 AM

    Comment #2

    I thought league rules prevented anybody from having a stake in more than one club – it might be different for English & Scotish clubs maybe.

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  • redondo77

    Aug 8, 2012 at 8:59 AM

    Comment #3

    will it be “Sports Direct Arena #2”?

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  • redondo77

    Aug 8, 2012 at 9:00 AM

    Comment #4

    martoon

    as long as not in the same league, I guess it is ok.
    Abramovic also own CSKA if i’m not mistaken.

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  • Ibizatoon - Back by popular demand

    Aug 8, 2012 at 9:02 AM

    Comment #5

    Good morning.

    Ashley out to ruin another club? 😉

    Would be a good bit of business for Ashley for all the reasons Ed has listed and that have been thrown around on here. Can definitely see it happening.

    He certainly knows how to pick a team with easy going fans 🙂

    Beattie…I like your no big transfers before the end of the Olympics theory. Someone mentioned the SD signs being back, so they’re present for any publicity…not too far fetched for our money grabbing savior.

    I also do believe they’re waiting to see who we get in the EL. Wouldn’t be too shocked to see if they wait and see how we get on in the qualifier.

    Given both of those reasons, I think that is why they haven’t significantly raised their bids. There is time to go back in after all.

    JFA…Good luck mate, wish you all the best and a safe return. We’ll do our best to get the blog back to it’s normal wonderful self before your return, so you and Bills-Son can be the main culprits of squabbles.

    One last thing and don’t knock me as I do live in his bottom after all….welcome back Ruddy 🙂

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  • Geordie-Jedi

    Aug 8, 2012 at 9:02 AM

    Comment #6

    Hasnt that man got enough money!?

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  • redondo77

    Aug 8, 2012 at 9:09 AM

    Comment #7

    Jedi

    Before Chelsea, he owns CSKA

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  • PortsladeToon

    Aug 8, 2012 at 9:09 AM

    Comment #8

    It will be good news for Newcastle, Rangers, Ashley and Sports Direct and least of all Scottish football as that won’t be the same until Rangers get back in the SPL this deal could benefit all round

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  • fog on the tyne

    Aug 8, 2012 at 9:10 AM

    Comment #9

    Martoon

    Cska is a russian army team, during days of communist days they had a team in each eatern block country

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  • tequilamag

    Aug 8, 2012 at 9:12 AM

    Comment #10

    Cant see that the conspiracy theory as having any substance. We have made bids after all just not been accepted.

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  • Beattie25

    Aug 8, 2012 at 9:12 AM

    Comment #11

    I said about 2 months ago Ashley should buy Rangers.

    They would make a good feeder club for our youngsters.

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  • Ibizatoon - Back by popular demand

    Aug 8, 2012 at 9:12 AM

    Comment #12

    Jedi….Yes, but there is always more.

    The only problem I can see with this move, is fan’s displeasure at any good signings Rangers make in the future will be deemed as Ashley favouring his “new” toy.

    So, anyone want to make any predictions for what today will bring?

    I’m going for a Debuchy article. A Cabaye being targetted by Man U / PSG story and last but not least, i’m sure we’re due some praise for last night from an ex-player.

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  • redondo77

    Aug 8, 2012 at 9:14 AM

    Comment #13

    Seems like AP trying to get more ball-winners into the team if it’s true we will signed Anita by friday.
    LAst season the team looked uncomfortable under constant attack even against blackburn or everton because we couldn’t win the ball. Gael, Tiote, Anita definitely ball-winners tough tackling midfielders.

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  • Beattie25

    Aug 8, 2012 at 9:14 AM

    Comment #14

    Tequila

    It’s easy to make bids that will knowingly get rejected.

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  • Ibizatoon - Back by popular demand

    Aug 8, 2012 at 9:14 AM

    Comment #15

    Beattie…They could do with being run within their means to.

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  • redondo77

    Aug 8, 2012 at 9:16 AM

    Comment #16

    Ibiza

    I don’t think many big names would want to join scottish league.
    I’m more worried if Carr also scouting for Rangers 😛

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  • Ibizatoon - Back by popular demand

    Aug 8, 2012 at 9:17 AM

    Comment #17

    Tequila & Beattie…Or bids that would likely get rejected, but if they come off then happy days. Then there is also just beating the teams down. Nothing like a low derisory offer, making them wait, then giving them that bit more.

    No one said business dealings were nice, we know the club are ruthless these days.

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  • Sholadona

    Aug 8, 2012 at 9:17 AM

    Comment #18

    Looks like Obertan is staying!

    Colin ?@cwarr07
    Another departure from #NUFC Seems AP fancies @Sammy_Ameobi as backup to HBA rather than keeping Obertan

    Colin ?@cwarr07
    Obertan > Swansea > 3m bid #NUFC

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  • markmac

    Aug 8, 2012 at 9:18 AM

    Comment #19

    He aint daft, he will more than likely make a nice big wedge over the next few years as and when rangers end up back playing celtic most weeks… and as said by a few it could do NUFC a favour if the 2 clubs form a good working relationship through it.

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  • Ibizatoon - Back by popular demand

    Aug 8, 2012 at 9:19 AM

    Comment #20

    Redondo…It’s not that I think they’ll get better players, just the fans will use it as a reason to complain (I don’t know where I got that idea either).

    They can keep their hands off of Carr….that would be the start of war! 🙂

    OK, so not an ex-magpie, but Pardew praising the lads from last night on next thread it would seem. One out of three within 5 mins! Come on Debuchy and Cabaye stories!

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  • tequilamag

    Aug 8, 2012 at 9:19 AM

    Comment #21

    True, but to what end. I cant see any advantage. All managers want players in as early as possible to bed in with the team. Last year we had most of our signings in early. Ashley is a horrible person but i domt think me would deliberately sabotage his own club for a bit of free advertising.

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  • jesperfuglsang

    Aug 8, 2012 at 9:20 AM

    Comment #22

    There will most certain be another Anita story as well and maybe something about Swansea’s supposed interests in Obertan 🙂

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  • wynsleap

    Aug 8, 2012 at 9:21 AM

    Comment #23

    Why doesn’t he just go and buy Rangers outright if he’s that interested and sell our club to someone who wants to devote 100% commitment and put some investment into it?
    Really is time this club came back into football instead of the world of balance sheets.
    Cue the Ashley ‘accountants’ and footlickers.

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  • redondo77

    Aug 8, 2012 at 9:23 AM

    Comment #24

    Ibiza

    we could start playing Xisco, Smith, Ranger at Rangers.
    It’s MA’s money being used to pay those players, maybe he doesn’t want them to get paid for doing nothing hehehe

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  • jesperfuglsang

    Aug 8, 2012 at 9:24 AM

    Comment #25

    Smith is gone redondo77 😉

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  • jesperfuglsang

    Aug 8, 2012 at 9:27 AM

    Comment #26

    yawn yawn yawn wynsleap!

    Zzz Zzz Zzz

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  • Ibizatoon - Back by popular demand

    Aug 8, 2012 at 9:28 AM

    Comment #27

    Redonodo…You sound like the big man himself.

    Tequila…Perhaps it’s a long shot 🙂 I do think the EL draw / qualifier idea has some substance to it though.

    Wynsleap….I’ve just finished Ashley’s left foot, so thought i’d get a quick word in whilst Pardew finishes his right…

    …Firstly, he will more than likely increase his stake as time goes on, regardless of whether he owns Newcastle or not. Secondly, are you still that bitter towards him? Do we not have a better team than when he took over? Are we not once again back in Europe? Just because we finished 5th last year, doesn’t mean the target this year should be to dismantle the likes of Chelsea, Arsenal, Man United and Man City, they’ve been heavily investing for years, not something we can do in just one window.

    You’re entitle to your opinion and I wont try and change it, but can we not give the guy the next 3 weeks and then get on his case if we feel he’s f*ck*d us over?

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  • Eyeball81

    Aug 8, 2012 at 9:28 AM

    Comment #28

    @wynsleap…howay mate where does it say that he’s not commited to our club? I bought an fleet car 09 focus for 2500 with 55k miles on the clock….sold it a week later to we buy any car for 5400….thats basically what ed saying but on a larger scale…besides rangers could become a feeder club for us…(unless theres a rule about ownership etc)

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  • Ibizatoon - Back by popular demand

    Aug 8, 2012 at 9:32 AM

    Comment #29

    Redonodo…You sound like the big man himself.

    Tequila…Perhaps it’s a long shot 🙂 I do think the EL draw / qualifier idea has some substance to it though.

    Wynsleap….I’ve just finished Ashley’s left foot, so thought i’d get a quick word in whilst Pardew finishes his right…

    …Firstly, he will more than likely increase his stake as time goes on, regardless of whether he owns Newcastle or not. Secondly, are you still that bitter towards him? Do we not have a better team than when he took over? Are we not once again back in Europe? Just because we finished 5th last year, doesn’t mean the target this year should be to dismantle the likes of Chelsea, Arsenal, Man United and Man City, they’ve been heavily investing for years, not something we can do in just one window.

    You’re entitle to your opinion and I wont try and change it, but can we not give the guy the next 3 weeks and then get on his case if we feel he’s screwed us over?

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  • jesperfuglsang

    Aug 8, 2012 at 9:35 AM

    Comment #30

    wynsleap is making me sleepy, so I am going to move on to the next thread 😉

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  • tequilamag

    Aug 8, 2012 at 9:40 AM

    Comment #31

    Ibiza, I always have an open mind. I have a mate who thinks Prince Phillip is actually an alien Lizard (David Icke theory),I cant prove he is wrong , but on balance its pretty unlikely.

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  • wynsleap

    Aug 8, 2012 at 9:42 AM

    Comment #32

    Sorry guys to sound down but I just feel we need to start generating some excitement before the start of the season. No news every day then hearing about Ashley investing in another club brings early morning depression.

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  • LEROI

    Aug 8, 2012 at 9:53 AM

    Comment #33

    Nevermind 10% in bloomin Rangers buy us some GODAMNED PLAYERRRSSSAAAHHHGGG!!!

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  • LEROI

    Aug 8, 2012 at 9:55 AM

    Comment #34

    Centre Back, Left Back or Right Back And a little speedy striker ala defoe mould.

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  • Ibizatoon - Back by popular demand

    Aug 8, 2012 at 10:05 AM

    Comment #35

    Wynsleap…Don’t worry mate, there’s enough of the big guy to go round….God, I never thought I’d say that as if it was a good thing.

    Tequila…Fair enough mate

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  • chuck

    Aug 8, 2012 at 10:15 AM

    Comment #36

    Why am i not surprised, Ashley has a practise of picking the bones of distressed companies
    A preditory businessman, who will with a ten percent share of Rangers guarantee his rights to be the sole producer and retailer of a club with a massive fan base’s shirts.
    Watch out Rangers !

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  • saxby 146

    Aug 8, 2012 at 10:16 AM

    Comment #37

    Why doesn’t sports direct sell Newcastle shirts?

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  • OhSholaAmeobi

    Aug 8, 2012 at 11:07 AM

    Comment #38

    Sounds like a good investment, they’re bound to get promoted and increase stock.
    On the idea of loaning players to them, some italian family owns Udinese, Granada and just took over Watford and they regularly loan players between the first two, don’t know if rules are different over here.

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  • PW

    Aug 8, 2012 at 12:53 PM

    Comment #39

    wynsleap i agree with you. Ashley is 100% comitted to sports direct only, and he uses nufc to make his company bigger. Hence the sports direct arena. He dosent give a toss about us fans or our club. Thats obvious. But! But if we continue to be a top club in England, and possibly europe then i couldnt care less how we do it or whos in charge! A 10% stake in rangers would give ashley nothing but a slice of any prophits. Talking bout a feeder club or the clubs working in some sort of partnership is a joke. We are way above that level of footie and so are our reserves. This has nothing to do with nufc. Its all about making even more money for his 1 and only love

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  • Made a ma beed

    Aug 8, 2012 at 1:13 PM

    Comment #40

    Hows that going to work, Freddie Shepherd has 10% apparently!!

    Anything to get another great club back to were they belong. Come on you gers.

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