Mike Ashley’s Shock Decision On Rangers

News this morning that Newcastle owner Mike Ashley has said he will not be participating in the open offer of 20M new shares available to existing shareholders from Rangers.

mike ashley glum

Mike Ashley – not increasing his share in Rangers

Mike Ashley currently owns around 9% of Rangers and it had been thought that he could be increasing his investment in the iconic Scottish football club, although he would need to get special permission from the Scottish FA to do that.

Ashley has issued a statement this morning to the London Stock Exchange:

“I will not be participating in the Open Offer which closes at 11am today, Friday, September 12, 2014.”

The open offer of almost 20M new shares to existing shareholders opened at the end of August, and the goal of the offer is to raise money for Rangers, who are again in some financial difficulties, but a previous attempt to raise money of £10M from city investors was unsuccessful.

Rangers are trying to raise money “in order to meet working capital requirements”, and they are looking for between £20M and £30M over the next three years, and will consider other ways of raising money such as lines of credit or short-term finance, if this offer is not successful in raising the necessary finances.

We never thought that Ashley would sell Newcastle to buy Rangers, and that seems to be what’s happening, although Mike has already invested almost as much as he can in Rangers,  while still being the owner of another football club – Newcastle United.

This further supports the view – expressed yesterday by manager Alan Pardew in his press conference – that Mike Ashley has no plans at all to sell Newcastle United.

Mike has done very well at Newcastle in financial terms, especially over the last three years or so, and the finances at Newcastle have improved dramatically in that time.

But what frustrates Newcastle fans is that not enough money is being invested to build a team that can challenge again for a top six position in the Premier League.

If Mike would start doing that and promise to invest all profits back into the club, it would (definitely) be possible for Newcastle United to compete again with the top clubs in England and in Europe too.

That’s what most fans want to see.

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24 comments so far

  • JackButler

    Sep 12, 2014 at 2:13 PM

    Comment #1

    Simply think he’s waiting in wings for the day Rangers go into administration, then he’ll move in and buy the club for a pittance

  • JackButler

    Sep 12, 2014 at 2:16 PM

    Comment #2


    You’ve gotta love the front of this club!

    They are now demanding an open apology from both Luke Edwards and the Telegraph for they claim are lie’s.

    There’s not enough paper in St James Park to print the amount of apologies it would take to cover their bloody lie’s to their own fans

  • mindshaft

    Sep 12, 2014 at 2:16 PM

    Comment #3


    Keyboard warriors taking over the blog again !

    Southampton vs Toon.

    Well, where do we start – the game against Palace could have gone either way in the end. we had most of the play but did little with it and a poor Palace side looked likely to score any time they attacked. We seem to have no idea of shape and the final attacking third was woeful until Aarons came on and showed the ‘purple’ players how to actually run at defenders.
    Our defence is possibly one of the weakest in the league and is prone to losing the plot at any point in a game. Southampton (even after losing half their players) are a fast passing attacking side whove started the season fairly brightly on the road but could only manage a 0-0 at home to the baggies – they were unlucky to lose against Liverpool and probably did enough to come away with a draw. Toon have a number of injuries already De Jong, Aarons, Santon etc and we’re already looking like we’ll struggle this season – our tactics will be to try and shut up shop and score on a breakaway ( given thats the only away tactic pards has)
    It’s fairly obvious to everyone that we can’t defend and our goals against is already the (joinT) second worst in the league.
    With this in mind I’m going for a defeat and possibly a resounding 3-0 defeat at that.

  • Average_Contents

    Sep 12, 2014 at 2:16 PM

    Comment #4

    Could it be a possibility that he wants to re-coup as much as possible on his “loan” over the two seasons then sell up, hopefully so but I doubt he’d take the £127m off the asking price even if he managed to get it back. Fat greedy kunt that he is!

  • optimistic prime

    Sep 12, 2014 at 2:16 PM

    Comment #5

    If there’s a gap in posi it usually means it’s been refered to Ed, bad launguage etc.

  • Markaccus

    Sep 12, 2014 at 2:16 PM

    Comment #6

    I do not usually have sympathy for jorno scum, but as far as i can tell, the telegraph are not one of those sensationalist tosspot papers. When the chronicle got bamned for the way they blew the protests out of proportion, i thought thatbwas fair enough, but why has the telegraph been banned? For posting a theory about a possible sale? Its hardly a libalous quote, or insulting. Ashley is a petty minded arse-helmet.

  • JackButler

    Sep 12, 2014 at 2:20 PM

    Comment #7


    What people have missed is that Edwards and the Telegraph have been banned for what they wrote about Ashley selling the club, no mention of them being banned for reporting that Pardew is on the brink of being sacked??????

  • Markaccus

    Sep 12, 2014 at 2:22 PM

    Comment #8


    Guess there must be truth on pardew being on borrowed time.

  • Mister Tuff

    Sep 12, 2014 at 2:25 PM

    Comment #9

    mag52 -thank you for posting your predicted result f0r tomorrow. I’m thinking along the same lines 3 -0 or 3 -1 defeat for us.
    Apologies if you are not in the Percy camp. I think that as he is effectively the club front man -he unfortunately has to take what comes on that front – equally as the results have been poor he has to carry the can for that.

  • lochinvar

    Sep 12, 2014 at 2:25 PM

    Comment #10

    American investment company Cain Hoy have confirmed they are considering a takeover bid for Tottenham Hotspur.
    A statement from the group said they were in the preliminary stages of assessing a cash offer.
    So the Yanks want to play in ye olde Lundun town, cor blimey guv there’s a surprise. Knees up mother brown,
    Maybe when Scotland goes Independent NUFC can look forward to an overseas takeover by Irn Bru or Tunnocks Tea Cakes or the new Sports Direct Rangers club.

    London clubs are just becoming anonymous conglomerates with anonymous fans eating more prawn sandwiches.

    Football is becoming as F1 is to motor sport – its deliberate and all about brand marketing.

    More champagne Smithers ?

  • Mister Tuff

    Sep 12, 2014 at 2:27 PM

    Comment #11

    Pro Percy Brigade posters – will any of you post what you think the score will be tomorrow.
    Come on boys don’t be shy.

  • Markaccus

    Sep 12, 2014 at 2:27 PM

    Comment #12


    Todays winner of the internet is…… YOU!

  • Markaccus

    Sep 12, 2014 at 2:29 PM

    Comment #13


    I think you are wasting your time. I dont think even thr most patient-with-percy people want him to stay, so i dont think there are any pro-percys left.

    Maybe ethio.

  • JackButler

    Sep 12, 2014 at 2:29 PM

    Comment #14

    U.S. investment firm Cain Hoy “is in the preliminary stages of assessing cash offer” for Tottenham Hotspur football club

  • Ethiotoon

    Sep 12, 2014 at 2:32 PM

    Comment #15

    hahaha…nice one!”

  • DokToon

    Sep 12, 2014 at 2:34 PM

    Comment #16

    theres more holes on this blog the a wheel of swiss cheese…. another missing post @ 15

  • DokToon

    Sep 12, 2014 at 2:35 PM

    Comment #17

    than a

  • JackButler

    Sep 12, 2014 at 2:37 PM

    Comment #18

    The dismissal of the sale story and the banning order of Edwards and the Telegraph has no doubt been made with the Sports directs share price in mind

  • optimistic prime

    Sep 12, 2014 at 2:39 PM

    Comment #19

    So if papers are banned for a theory what happens when they start writing about all the true 5hit the slimy toad gets upto?

  • firebug666

    Sep 12, 2014 at 2:41 PM

    Comment #20



    Who the Fking hell do you think your talking too. It’s not my fault that your lobotomy when wrong,
    or that your birth certificate is and actual apology from the condom factory. But if you think
    I am going to be told what to do from a spawney eyed parrot faced little wazzock like you, you have another
    thing coming.

    The simple facts are:

    You are a WUM!
    You are a TROLL!

    You have no respect for anyone not even your self, your uncouth, ignorant, and a first class
    idiot. People like you have no place mixing with decent people, somewhere out there is a tree,
    that tree is producing oxygen and I think you owe it an apology.

    I had never had the need to insult anyone on this blog until today, Then you crawled out of your slime
    pit wiped off some of the stinking sludge and began to type you vile incoherent babble into you computer.

    I think your ass must be very jealous of the Sh1t your mouth is producing, and I maybe could have agreed
    with some of the drivel you post, but why because then we would both be wrong.

    Time for you to crawl back into that slime filled puddle of yours and curl back
    up with your thumb in you mouth. Lets face it mate You must be the arithmetic man; you add trouble,
    subtract pleasure, divide attention, and multiply ignorance.

  • Ethiotoon

    Sep 12, 2014 at 2:42 PM

    Comment #21

    hahaha….another one,he likes me!!
    I know you too ED!!

  • Mister Tuff

    Sep 12, 2014 at 2:46 PM

    Comment #22

    Can you imagine a couple of young men in Addis Ababa in Ethiopia living in some bombed out wreck of
    a building having a chat about football.
    One of the pair is Ethiotoon and the other is his mate Amir during the conversation Amir makes a comment
    fully agreeing with something Ethiotoon has said. Ethiotoon praises Amir for his compliment/support using the phrase “NICE ONE”.
    Don’t think so some how!.

  • optimistic prime

    Sep 12, 2014 at 3:03 PM

    Comment #23


    Wow, I enjoyed that. A tree owed a apology hahaha

  • Rotonda heights

    Sep 12, 2014 at 3:16 PM

    Comment #24

    Mag 52 and ethio

    it’s not that people don’t acknowledge pardew’s one and only good season it’s the fact that people like you don’t acknowledge the complete and utter s–e ever since.

    Even Roeder got us in to Europe once and he was a gent who played half decent football. Everything Pardew isn’t.

    As I say imagine what Cisse, Tiote, HBA and MYM were worth 18 months ago and how devalued they have become now under appalling management.


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