The Scottish Daily Record is reporting today that Mike Ashley wanted ownership of the Rangers badge a month ago, in return for an emergency loan that could yet save Rangers from going into administration again before the end of the year.
So that probably explains why yesterday Mike’s investment company MASH demanded an extraordinary general meeting to seek the resignations of both Wallace and Nash, and presumably if that happens, it would leave the way open for Ashley to take over ownership of the Rangers badge.
Ashley already has the naming right to Ibrox, for which he paid £1, and the reason Ashley wants control of the famous Rangers badge is that it could bring in millions of pounds in merchandising for his company.
Ashley recently increased his shareholding in the Scottish club to 8.92 per cent – and the Billionaire is simply looking at ways he can take over some of Rangers’ assets for his own benefit – to make money.
After all, the reason he seems to have bought Newcastle United is to use St. James’ Park and the famous Tyneside club as a world-wide advertising vehicle for his Sports Direct business – it’s certainly not for the love of the game or his love of Newcastle United.
Whenever you see St. James’ Park on TV these days, the ground had far better be called Sports Direct Arena, because all you see are lots and lots of Sports Direct signs all over the place.
There should be a law against this sort of thing – it’s not right – but of course football is a huge global business these days.
You can follow us on our three social media sites below: