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.