Is There A Chance Ashley Could Sell Up And Buy Rangers?

There are a number  of organizations that have spouted up in the last year or so, that have been formed to try to get Mike Ashley out of  Newcastle, but the chances of that happening are minimal at best, since Ashley has never taken any notice of fans  in the past and we cannot see that changing anytime soon.

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Mike Ashley – not liked by Newcastle fans – a huge understatement

As it happens, there are also fans who want Alan Pardew out of the club, and the Newcastle manager never seems to get a break, and even last Saturday after one of his best results as Newcastle manager, there were still a few negative headlines floating around on Sunday after the game about Alan.

Mike Ashley has a 10% stake in Rangers, and that’s the maximum allowed by law, since Mike Ashley is the Newcastle owner and that’s all he’s allowed to own of any other club.

Rangers are an iconic club, and once they are back in the Scottish Premier League they will be back in Europe every season, but there’s not much money north of the border, and the Scottish Premier League is ranked 23rd of leagues in Europe.

We suppose there is a chance that Mike could sell up at Newcastle and then buy Rangers, but even if he tries o sell the club there will be more turmoil, and no guarantees we will get a better owner, or even that anybody would be interested in buying the club.

We’ve pointed out that Cardiff owner Vincent Tan from Malaysia even changed the blue Cardiff City strips to red,  because that’s a popular (and lucky) color in Asia.

Somehow we cannot imagine watching Newcastle playing in red and white stripes under an Asian owner. 🙁

Ashley has tried to sell Newcastle twice in the past, and no credible buyers came in that could even pay the  £100M for the club, when it was last put up for sale when  we were in the Championship.

And now we are back in the Premier league, it will be hard to find a buyer – because Ashley will want close to £300M to cover his total investment in the club..

Certainly former Rangers Chairman Malcolm Murray doesn’t seem to think Ashley wants to own Rangers outright, as he said this yesterday:

“The rules of football are complex but, as far as I understand, if you own a Premier League club, then you can’t own more than 10% of a Scottish club. So, unless he sells Newcastle, then he can’t own Rangers.”

“Mike Ashley is an eccentric, fast moving guy though, put it that way. I don’t think he will make a takeover move though.”  “The retail side of things at Rangers has not performed as well as we’d have liked it to. I’d rather he concentrated on getting that right.”

There’s little chance Newcastle fans can force Ashley out of the club, unless he wants to leave, and with the thoughts of £60M to £100M dished out every May at the end of the season to each English Premier club, we don’t think he’s leaving any time soon.

We kind of like that slogan – support the team, not the regime – which worked well in our promotion season – but that would mean supporting the team and Alan Pardew as the manager.

And maybe things can be turned around this season, at least on the pitch, and we can start capitalizing on the great performance in the second half on Saturday, and start moving up the table.

A point at Tottenham would be good in the early game at White Hart Lane on Sunday, and that’s all we’re hoping for right now – and maybe even another win. 😀

Comments welcome.

13 comments so far

  • archaeomag

    Nov 5, 2013 at 9:03 AM

    Comment #1

    Sell up to who?
    – I’m a bit short this month – what with Christmas coming up . . .

  • Toon Tang

    Nov 5, 2013 at 9:10 AM

    Comment #2

    i can chip in a 5 spot

  • yo-yo

    Nov 5, 2013 at 9:12 AM

    Comment #3

    Rangers are a disaster zone. The HMRC appeal against them losing their tax scam case is still in progress but with a recent judgement in their favour. The newco is losing £0.75m a month. All the money raised from the shares is gone. The Board and management are in open war and there are still a lot of dodgy dealings lurking.

    Sounds ideal for a Mike Ashley takeover then

  • Ciaran

    Nov 5, 2013 at 9:22 AM

    Comment #4

    Definitely can see Ashley buying Rangers. Unlike Newcastle, this is a club where he could easily gain Champions League exposure on a regular basis and not have to spend a fortune to do it.

    Win win for all involved, so please get the hell out of our club.

  • geordiemark

    Nov 5, 2013 at 9:25 AM

    Comment #5

    well hes finished in the toon thats for sure, he mide as well sell up and buy rangers because the more he upsets the toon supporters the worse it will get, I expect sales in january just think with roma sniffing about cabaye think he may go but the team is desparate for a striker as well as remy and a good centre back as well as for pardew id still replace him even after the chelsea match

  • lesh

    Nov 5, 2013 at 9:29 AM

    Comment #6

    Ed. Like you I was flabbergasted that the Pardew out brigade were still calling for Pardew’s head after beating one of the Prem’s top top teams managed by a world class manager. Obsessives is an apt descriptor for them – sane old record no matter what!

    As far as Ashley selling up’s concerned, I believe there’s a lot in that. He’s not spending on us unless it’s absolutely necessary and that can only make the accounts look good in the eyes of a potential buyer of Newcastle United who could see the debt owed to him cleared.

    Watch this space

  • lesh

    Nov 5, 2013 at 9:32 AM

    Comment #7

    But Ed, if the money owed to Ashley’s paid back from a surplus, then the £300m becomes £180 – £200m

  • geordiemark

    Nov 5, 2013 at 9:32 AM

    Comment #8

    aye spot on lesh about ashley there, ive always disliked pardew doesnt matter if it was chelsea or bradford id still want him out with the rest of them

  • geordiemark

    Nov 5, 2013 at 9:36 AM

    Comment #9

    I think even 200m is to much for the us though lesh more like 160-170m if hes lucky thats with the debt paid off through his own stupid fault

  • DubaiMicky

    Nov 5, 2013 at 9:40 AM

    Comment #10

    All these people wanting Ashley out – better the devil you know sometimes. At least he’s not raping and pillaging our club like certain former owners…

  • solano

    Nov 5, 2013 at 11:01 AM

    Comment #11

    Micky…I have a feeling in the very near future your assertions of a lack of ‘rape and pillage’ from Ashley will be exposed.
    I don’t think anyone should accept the present on the basis that they are afraid of the future. Recent events have shown up the regime for what they are; bullies and identity thieves.
    Having said that, I personally don’t see any mileage in him buying Rangers and leaving Newcastle voluntarily. There’s much more money available in England for being distinctly average and he can still peddle Rangers gear via our club shop!
    Fans need to realise they hold the key to change and can shape, to an extent, what follows this hideous regime.

  • lesh

    Nov 5, 2013 at 11:30 AM

    Comment #12

    geordiemark…… Yup, Pardew to go along with Ashley and Kinnear – any time earlier’d be suicidal unless we get a manager with some credibility, not one of his or Kinnear’s cronies!

    But, I believe he put Pards on his eight year contract to give him the stability he wants and someone to look after the shop, firefight, until he sells up.

    And then Pards goes to Ibrox along with Kinnear. Now that’d be a gift and a half for the Rangers fans eh. Tee hee!

  • pottsclock

    Nov 5, 2013 at 1:45 PM

    Comment #13

    In a word – No


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