Ashley’s Move Creates More Speculation He Will Buy Rangers


Mike Ashley, the Newcastle United owner has bought an additional 4.26M shares from Rangers International Football Club PLC, and that has more than doubled his stake in the Scottish club, and he becomes the second biggest stakeholder in the club, behind Isle of Man-based Laxey Partners.

mike ashley glum st mary's CLOSE

Mike Ashley – enjoying watching Newcastle at Southampton

Ashley owns Newcastle United outright, and there have been suggestions that the Billionaire may be wanting to buy Rangers and maybe even sell Newcastle – that would delight Newcastle fans – but the opposite is true of Rangers fans.

The new shares gives him a total of 8.92% of the Rangers ­operating company, but that is still less than the 10% limit agreed with the Scottish FA.

Ashley refused to participate in the open share offer recently, which was aimed at raising £3.6M for the club, but instead paid out 20 pence a share through London-based investment company Hale Hargreaves.

If he had bought into the share offer that money would have gone straight to the Scottish club, so fans’  groups are upset at Ashley for strengthening his hold on Rangers without really helping the cub’s finances much at all.

There is fresh speculation that Ashley may be thinking of buying Rangers, but he would need to sell Newcastle United to so that, but a couple of weeks ago Newcastle issued a statement saying he was keeping Newcastle until at least the end of next season, which is May of 2016.

The £2.7M Rangers raised from their open share offer will only take the club through the end of this year, and there is still a chance they could ho bankrupt – go into another administration – which would be disastrous for the famous Scottish club.

So while Ashley is increasing his share of ownership at Rangers, his path has meant it had not helped to build the coffers to keep Rangers above water financially.

The Newcastle owner was unavailable for comment – but that’s hardly surprising because the last time he issued any statement directly to the Newcastle fans – his customers – was back in 2008 when he said he would try to sell the club.

Mike Ashley never says much at all, so you never know what he’s really thinking.

He was unsuccessful in selling Newcastle back in 2008, and 2009 after we were relegated, and since that time Newcastle United’s image in the football world has continued to decline, and we are now struggling at the bottom of the Premier League.

We often wonder why Mike Ashley thinks he should own a football club – he’s been so unsuccessful at (trying to) run Newcastle United over the last seven years.

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14 comments so far

  • Average_Contents

    Oct 3, 2014 at 8:31 AM

    Comment #1

    Lil

    I agree. Look at the rangers fans already! They now know he’s not arsed about their club and have said if he did he’d of purchased shares in the share offer instead of paying a hedgefund the cash. They’ve come together to denounce fatty and his tat shop and he’s only just upped his stake. There planning to boycott SD north of the border!

    What do we do? Fight amongst ourselves and bicker what’s best for the club.

    At the end of the day it all leads to fatty and his appointments.

    A figurehead is needed to lead the masses

    Ethiotoon you free? lmfao!

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  • geordie1892

    Oct 3, 2014 at 8:34 AM

    Comment #2

    Lilongwe Geordie // Oct 3, 2014 at 8:19 AM

    Geordie1892,
    On the leadership issue, I have said that for over a year now. There are too many separate factions, and it is almost like a popularity contest between them, rather than getting together under one banner and putting a sustained and meaningful campaign together.

    Agreed, the sackpardew. com website has potential but after the hull game I can’t feel it has lost a lot of momentum. I still maintain targeting SD will be far more effective at forcing positive change at the club

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  • Ethiotoon

    Oct 3, 2014 at 8:35 AM

    Comment #3

    I’m not trouble maker and cretin like you man!!

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  • geordie1892

    Oct 3, 2014 at 8:36 AM

    Comment #4

    AC

    Unfortunately for us rangers fans are putting us to shame in terms of how to deal with a tyrant and a bully. Can you see that lot sitting down and quietly accepting their club being slowly assimilated into a branch of Sports Direct? I can’t

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  • Lilongwe Geordie

    Oct 3, 2014 at 8:38 AM

    Comment #5

    AC,
    I don’t see him buying Rangers. It doesn’t really offer him anything. I’m not sure what his plan is there, but as far as SD goes there is little commercial benefit for him, compared to a Prem club. It is small change for him if he is looking at it in terms of an investment and selling when they are back at the top as well.

    The only thing that makes sense with Rangers is that it would cost him far less to make them successful, so if he took over he could celebrate trophies.

    As for their fans, as much as Ashley is ruining our great club, he may well be their saviour. If I was them I wouldn’t be too quick to campaign as without him they have only one option known publicly when it comes to saving their club from going into administration.

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  • firebug666

    Oct 3, 2014 at 8:40 AM

    Comment #6

    Ethiotoon

    You make my point exactly mate at 26.

    Both you and Dazza name calling…. It’s firebug666 but you to think it’s funny to use ” @FireflyXXX ” Childish at best.

    On topic: I said last night that we already have in place a medium that could be used to united the fans with one purpose, If they are willing to carry the mantle SackPardew.com would be ideal as they already have so much in place.

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  • Lilongwe Geordie

    Oct 3, 2014 at 8:41 AM

    Comment #7

    1892,
    Yeah, SackPardew.com made a promising start, but the wind was well and truly taken out of the sails with the stewarding by the Peoples Republic of Sports Direct. Shame really.

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  • Lilongwe Geordie

    Oct 3, 2014 at 8:42 AM

    Comment #8

    Firebug,
    I agree SackPardew.com looks like the best option, but they will need to shed the anonymity and have a known public figure to organise, inspire and galvanise fans into action.

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  • Lilongwe Geordie

    Oct 3, 2014 at 8:43 AM

    Comment #9

    Ethio,
    Slinging insults doesn’t help your argument, just makes you look incapable of having reasoned and rational discussion.

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  • firebug666

    Oct 3, 2014 at 8:50 AM

    Comment #10

    Lilongwe Geordie

    There has to be someone of note out there who has the pulling power to get the fans behind them, and to organise peaceful but effective protests.

    The way things are at the moment we make ourselves the laughing stock because like the inept one we all talk the talk but putting it into practise never materialises.

    Your right about Sack Pardew.com losing the anonymity to take us forward, maybe there is already a well known figure in there and that’s the reason they remain anonymous.

    Regardless the fans need to stop splitting hairs and unite.

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  • Ethiotoon

    Oct 3, 2014 at 8:51 AM

    Comment #11

    Lil..thnx for that,in case u don’t notice, I am always a reasonable person!!

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  • Mag52

    Oct 3, 2014 at 8:56 AM

    Comment #12

    Lilongwe ( previous post )

    I seriously doubt whether paying huge compensation to Pardew is something Ashley would be at all happy to do. In the sense that he is NUFC, the money would come from him, and then there would be the fact that an employee would have put one over on him.

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  • theleckworthbird

    Oct 3, 2014 at 1:31 PM

    Comment #13

    Geordie at 4
    Rangers fans have the advantage of forewarning. We didn’t.

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  • lesh

    Oct 3, 2014 at 2:19 PM

    Comment #14

    Ashley could gain enough financial authority in Rangers to allow him a seat on the board whilst holding sufficient influence on its finances through SD/ Rangers agreements that give a stranglehold on its finances and therefore ultimate power over the club!

    Even if Ashley were to sell NUFC while SD or MASH holdings has exclusive deals and assets, he could still retain a stranglehold on us too!

    What a manipulating, greedy, power-mad git!

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