Newcastle Owner Close To Deal With Glasgow Rangers

Newcastle’s Billionaire owner Mike Ashley, seems willing to help out Rangers FC as they struggle back up the Scottish leagues to the SPL over the next few years.

Mike Ashley and daughter Anna shown a few years ago at St. James’ Park

After the bankruptcy of Rangers (administration) which led to their liquidation as a company, the famous Scottish club were voted by other Scottish clubs to play in what is essentially the fourth tier of Scottish football.

That may well have some serious impacts on the financial liability of the SPL,  since there will be no games between Rangers and Celtic for at least three years, and they have completely dominated Scottish football over its history.

Between them they have won 97 Scottish league titles, 60 Scottish Cups and 49 Scottish League cups – so you see what we mean.

Mike Ashley is still negotiating to have his Sports Direct company get behind the new Rangers company led by Charles Green, and while it’s forbidden for one person to own two clubs in the same league, Ashley is doing what’s legal, because the leagues are in different countries.

Wonder if we’ll see a Newcastle vs Rangers friendly game next summer?

Rangers chief executive Charles Green last night said that he is indeed in talks with the Newcastle owner and two other potential billionaire investors.

This is what Green said:

“I don’t think Mike needs to throw money into the club.” “That’s not the model that is sustainable for any football club.” “What Mike will do, subject to all the agreements, is bring the might of Sports Direct and that in my mind will bring in £5M-£10M a year from merchandise.” “That is far, far more worthwhile than Mike signing a cheque.”

From a business viewpoint that seems a good deal from both sides,  but it seems Mike will not be taking a 10% stake in Rangers, because it seems Green wants a long term deal with Mike’s company Sports Direct, rather than investment directly from Ashley himself.

We have no doubt at all that Rangers will return to its former dominance, and hopefully will be a well run club from now on – and it certainly hasn’t been in the past.

And earlier this week 38,160 Rangers fans turned up at Ibrox Park to see their side triumph over East Fife 4-0, and the start had to be delayed for 15 minutes while all the Rangers fans got through the turnstiles – and that’s not a bad attendance for a Scottish Irn-Bru Third Division side. 😀

And after a very shaky first two years as owner of Newcastle United, which ended up in Newcastle being relegated from the Premier League for the very first time, Newcastle has become a very well run club, and of course finished 5th top of the Premier League last season.

Comments welcome.

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14 comments so far

  • Beattie25

    Aug 11, 2012 at 9:44 AM

    Comment #1

    It’ll bring in 5-10 million on merchandise?!

    It will but Rangers won’t see any of that!!

  • dmac

    Aug 11, 2012 at 9:47 AM

    Comment #2

    Mike knows what he is doing with business, he might not always get footballing decisions right but he is getting better at that. Buying a share in Rangers is a sound and logical business move. The share price can only go up it would be practically impossible for it to get lower than it stands. That and the increase revenue it would bring mike and eventually us.


    Aug 11, 2012 at 9:48 AM

    Comment #3

    Is it possible for NUFC youngsters to ply there trade in Glasgow for experience. Would be a good thing for your Vuckic, ferguson, Abeid and co.

  • dmac

    Aug 11, 2012 at 9:49 AM

    Comment #4

    Clubs obviously get a cut of sold replica shirts, so of course rangers would benefit financially from increased shirt revenue


    Aug 11, 2012 at 9:51 AM

    Comment #5

    Eyup Anna, how old are you 😉

  • wingspan

    Aug 11, 2012 at 9:56 AM

    Comment #6

    Vuckic ferguson and abied are already too good for for the lowest scottish league! Maybe the under 18s but it defo wouldnt aid the development of the players u mentioned.

  • jayphoto

    Aug 11, 2012 at 9:58 AM

    Comment #7

    @3 doubt are youngsters would get anything from playing in the Scottish division 3! Especially as rangers will be winning most games 4 and 5 -0! Pardew complained in the past that the Scotts premier league wasn’t high enough standard to loan players to, be better of sending Vuckic to play im a pub league that up there!


    Aug 11, 2012 at 10:04 AM

    Comment #8

    They’d get experience, as competitive as reserve games, and playing at ibrox to full houses.

  • Ian Toon

    Aug 11, 2012 at 10:17 AM

    Comment #9

    wingspan @6 – I agree the three players you mention would not benefit at this stage of their development. But let’s not rule it out for others. Tim Krul joined us in Summer 2005 and went on loan to Falkirk for season 2007-08 . During his time there he was sent off and dislocated his. shoulder. He described his time playing there’ve
    as invaluable in his development as a footballer. ( translated ). On reflection maybe Vuckic should do a stint north of the border it might toughen him up .

  • Graeme

    Aug 11, 2012 at 10:19 AM

    Comment #10

    “Help out Rangers”

    Are you having a laugh Ed? The only thing being helped with any deal with Rangers is Sports Direct, make no mistake about it. There is ZERO sympathy involved, it’s a money making venture with little downside risk for MA.

  • tomnewcastle

    Aug 11, 2012 at 10:43 AM

    Comment #11

    is anna single? 😉

  • thepict

    Aug 11, 2012 at 12:34 PM

    Comment #12

    @10 Of course there is no sympathy . Business deal pure and simple. That’s why Mike is a Billionaire and we ain’t.

  • joe

    Aug 11, 2012 at 12:49 PM

    Comment #13

    Hot girl + billionaire dad + itk about all things Newcastle.. What could be better 😀

  • dave 1961

    Aug 11, 2012 at 4:33 PM

    Comment #14


    i will interpret what you said for the other bloggers, Ashly is a billionaire because he hires children to make his sportswear until their hand are too sore to hold the needles then he takes them to a large ditch behind the factory and shoots them, or am i getting him mixed up with Adolph Hitler?


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