Ashley Deal Approved – Will Own Some Of Glasgow Rangers


Rangers CEO Charles Green has confirmed that the Football League has given Newcastle owner Ashley permission to invest in Glasgow Rangers Football Club.

Mike Ashley – will own a little less than 10% of Rangers

Rangers are now playing in the fourth tier of Scottish football after their bankruptcy, and this is what the other clubs voted for, but it’s likely that the SPL will now drop even further down the list of European Leagues, from the 18th position they hold today.

That was when the Scottish Premier League was a two club league, Celtic and Rangers, but now it seems it’s down to a one club league and Celtic won 5-0 at St. Mirren yesterday.

This is what Green said yesterday:

“As you know we’ve been trying to get the position clear where Mike can buy shares in Rangers.”  “We finally got clearance from the Football League after they had a board meeting recently and the meetings this afternoon were to make sure the path’s clear for Mr Ashley to invest.”

“He’s obviously keen to do that and I’m sure that will get completed in the next few days.”  “I think we’ve already stated previously that he’s not allowed to take a material stake because of the dual ownership position.”

“It was made clear to the football league that it would be single-digit percentages. So it’s below what I said to the financial authorities that no-one would hold more than 10 per cent. Mike will be under the 10 per cent level.”

“There’s lots of things that we want to do with Sports Direct. Mike’s very, very influential.”

This is a deal where Mike Ashley is hoping that once Rangers climb the leagues again, they will be worth an awful lot more than they are worth now – and that’s probably the case.

Then Mike’s 10% or so in the club will be worth a lot more, and also his Sports Direct deal will also look a lot better financially – given that Rangers return back to the Scottish Premier League in about three years.

From a business viewpoint this seems a good financial deal the Newcastle owner has struck with Rangers.

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9 comments so far

  • nimo

    Oct 21, 2012 at 9:37 AM

    Comment #1

    he’s a great business man.. don’t be suprised to see mehdi or haris or remi going through to them on loan

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  • q8igeordie

    Oct 21, 2012 at 9:46 AM

    Comment #2

    i hope he is as clever as he thinks he is

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  • Tsunki

    Oct 21, 2012 at 9:48 AM

    Comment #3

    In other news, a rich guy buys stuff.

    Stadium name reverting? ‘Here little boy, have a sweetie..’

    Strip for today – hi-vis means better pass conversion ha ha. watched barca in their kids cocktail strip, horrendous but very visible. Maybe our players and staff feel the lime thing has given us relative success? I dont really care as long as we dont lose, but I would have liked to see the lads celebrate in the black and white.

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  • chris_g

    Oct 21, 2012 at 9:58 AM

    Comment #4

    “Maybe our players and staff feel the lime thing has given us relative success?”

    Tsunki – yeah, that was the theory that the guys at nufc.com came up with:

    “Our own theory why the lime has got the nod is that the maroon kit could be proving to be unpopular with the players or staff, as was the case with the “unlucky” blue effort in 2010/11, which was discarded after four PL away losses in as many airings.

    The current maroon one was debuted at Everton in a defeat on the final day of last season and worn this time round for draws at Atromitos and Reading. By contrast, we’ve not conceded a goal yet wearing the lime one in two European League home wins and an away draw.”
    http://nufc.com/

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  • numba9

    Oct 21, 2012 at 10:00 AM

    Comment #5

    He should have been dealing with other clubs to buy us defenders we much needed instead of wasting his time dealing with rangers the last few months bad management by a idiot

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  • Rotonda heights

    Oct 21, 2012 at 10:01 AM

    Comment #6

    q8igeordie

    worth 2Billion, yeah he probably is

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  • Made a ma beed

    Oct 21, 2012 at 10:01 AM

    Comment #7

    Great move for MA, great club that will put some more wonga into Ashley’s back pocket. Then the mighty Gers can hopefully get back where they belong.

    Come on the TOON!!!!!

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  • jonobbad

    Oct 21, 2012 at 10:02 AM

    Comment #8

    Agree with numba 9.
    Concentrate on our club

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  • Fergus Bhoy

    Oct 21, 2012 at 4:30 PM

    Comment #9

    Hi All

    I’m a Celtic fan so decided to have a wee look to see what the fans thought of Ashley maybe getting involved at Rangers.

    It’s hard to know what to believe coming out of Green as he says that many different things but I was a bit surprised that it wasn’t Ashley who was doing the talking as it’ll be his money. Does he usually keep quiet?

    I see one of the posters thinks this will be a good deal cos Rangers will get back in the SPL but Green has publicly stated that no way are rangers going back to the SPL while he’s in charge and as the SPL is the way into Europe it seems a crazy decision financially.

    However, he was also saying earlier about 9 players maybe coming on loan to Rangers – is that a possibility? And what would their ages be as that could bar them under League Regs.

    I’ll pop back in a few days and see what you think – meanwhile wish us Luck against Barca on Tues as we’ll need it 🙂 Although I fancy we’re capable of a draw in Glasgow.

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