There’s a report in the Sunday People that Mike Ashley wants to buy Glasgow Rangers, and increase the 7% he already owns of the Scottish club, who are currently making their way back up the Scottish leagues into the Scottish Premier League.
Mike Ashley – ready to buy Rangers?
Celtic have had no competition since Rangers were dropped down the leagues a few years back, and Celtic are currently 28 points clear of Aberdeen after 33 games – and it’s a one club league in Scotland at the moment.
The news is that Newcastle owner Mike Ashley is preparing to buy Rangers, and take them back into the Champions League and back to their former glories.
But the report also says that Ashley has no plans to sell Newcastle, so we’re not sure why he would want to buy Rangers, other than they could qualify for the Champions League every season, once they are back in the SPL.
Currently Scotland are ranked as the 23rd best league in Europe with Spain number one, England number two and Germany number three, so Rangers are not playing in a top European league – or they will not be once they are back in the Scottish Premier League.
All the report says is that Ashley thinks he can make money from the loyal Rangers supporters, and that the famous Scottish club could still make some money.
Newcastle made a profit in the last financial year of £9.9M on revenues of around £95M, and while that’s a good return, it’s hardly huge for a man worth £3.3B and generally it’s very difficult to get a good financial return from any sports team.
Maybe he wants to get some publicity for his Sports Direct company, when the Champions League games are on TV with Rangers participating.
And the Newcastle owner pays the Newcastle club nothing for the millions in advertising he gets with the Sports Direct signs he has placed all over St. James’ Park, and seen on TV around the world on every home match day.
So we are at a loss as to why Ashley would want to buy Rangers, assuming there is some truth in this report – but there again it’s a Sunday.