Mike Ashley Makes Offer To Rangers

News coming through from Scotland that Newcastle United owner Mike Ashley is trying to gain control of Rangers, and that he has tabled a funding offer to counteract the one one put forward by former Rangers Director Dave King.

mike ashley glum

Mike Ashley – in Rangers offer

Dave King has put forward a £16M funding offer, but he has so far been unable to reach agreement with the Rangers Board to have that accepted.

Rangers need an injection of cash before the end of the year if they are to ward off another bankruptcy, and Ashley obviously sees this as an opportunity to get control of the club.

The Newcastle owner already owns just less than 9% of Rangers, and today he has offered an emergency funding loan, and has been in negotiations with the Rangers Board since yesterday.

But the offer will come with strings attached, and Ashley will want more control of the club.

The Billionaire already has control of Rangers’ shirt sales and the retail division, and bought the naming rights for Ibrox Stadium for just £1, and he will be after more of the Rangers’ assets in return for the loan.

Ashley will also want both CEO Graham Wallace and Finance Director Phil Nash removed from the Board, and the Londoner will want to appoint his own people as their replacements.

It’s not surprising that both Wallace and Nash supported the recent loan made by King, who has issued a statement saying that he remains hopeful the club will still accept the £16M funding offer he has made.

Ashley seems determined to get control of the Scottish powerhouse, and it has raised questions on what he would do with Newcastle UNited, although the Board have said that Mike would own the Tyneside club at least until the end of next season – May, 2016.

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19 comments so far

  • Graeme

    Oct 24, 2014 at 3:36 PM

    Comment #1

    What has this got to do with NUFC??? Who gives a toss about Rangers? We have enough problems of our own to contend with!!

  • lesh

    Oct 24, 2014 at 3:39 PM

    Comment #2

    Lucky lucky Rangers.

    Their fans’ must be drooling at the prospect of Joe McKinnear, Derek McLlambias, McWise and the biggest prize of all, Alan McPardew!!!!

    Scots wah hey!

  • welshgeordie9

    Oct 24, 2014 at 3:40 PM

    Comment #3

    if Ashley goes to rangers perhaps kinnear can buy newcastle off Ashley.

    Everyone’s a winner, happy days.

  • Graeme

    Oct 24, 2014 at 3:40 PM

    Comment #4

    McPardew to Rangers is just too good to be true mate – Oh, if only it would happen lol

  • true-blue

    Oct 24, 2014 at 3:43 PM

    Comment #5

    listen Graeme
    we don’t want you to give a toss about rangers just like we don’t want fat Ashley either
    tell him to GTF

  • Graeme

    Oct 24, 2014 at 3:44 PM

    Comment #6

    I can see Major probs with McPardew going to Rangers though.
    Being a gifted tactician, renowned for playing attacking football, on the “front foot” His “Buy-Out” clause could well be more than Rangers is worth. Maybe us fans could have a whip-round and see if we can come up with the £500 being proposed??

  • welshgeordie9

    Oct 24, 2014 at 3:44 PM

    Comment #7

    And because cisse might be out now I’ve changed my prediction from earlier on.

    I’m going for a 1-1 win with gouffran with a hat trick.

  • mag92

    Oct 24, 2014 at 3:45 PM

    Comment #8

    That’ll be Ashley off then in 2016!

  • mag92

    Oct 24, 2014 at 3:46 PM

    Comment #9

    Oscar pistorius wanted a new bathroom door, but his girlfriend was dead against it!

  • Graeme

    Oct 24, 2014 at 3:47 PM

    Comment #10

    Mag92 – can we have that in writing please lol

  • welshgeordie9

    Oct 24, 2014 at 3:47 PM

    Comment #11

    My mother-in-law fell down a wishing well, I was amazed, I never knew they worked.

    Ha ha ha

    I’m so wasted on this blog.

  • welshgeordie9

    Oct 24, 2014 at 3:49 PM

    Comment #12


    That’s bad

  • mag92

    Oct 24, 2014 at 3:50 PM

    Comment #13

    Oscar pistorius shot his girlfriend, because she bought him a pair of slippers for valentines day.

  • mag92

    Oct 24, 2014 at 3:54 PM

    Comment #14

    Oscar pistorius defence claimed he was temporarily insane due to being legless!

  • mag92

    Oct 24, 2014 at 3:57 PM

    Comment #15

    It’s claimed that Oscars running career is over, but hes definitely in the pistol shooting team.

  • croftus5678

    Oct 24, 2014 at 4:03 PM

    Comment #16

    well on a topic that is nufc lol.

    Danny ings £3mil
    what a bargain ! great player almost assured to get better but do we really need another number 10 type player ? even though he is more of a number 9 than any of our players baring cisse.

  • toonking

    Oct 24, 2014 at 4:07 PM

    Comment #17

    so is it still anti parjew or do fans now understand that is SHOULD be fcuken ANTI ASHLEY more than anything, screaming “you fat cockney b@stard has failed but that’s just words I say it all the time show bad publicity about his SD.

    as for parjew just forget about him, he talks bull but barton got sacked for speaking truth.
    he has bad tactics but why good manager would work for Ashley.
    good managers might have these conditions, fcuk those teams because i’m sick of all these wise parjew JFK lambsarse appointments coming in.

    the sacking of 12th place manager chris hughton was another thing that proves Ashley doesn’t give a sh1t.
    the summer following our 5th place proved it
    last fcuken seasons no signings.
    and all this talk of owning rangers.


  • mactoon

    Oct 24, 2014 at 6:17 PM

    Comment #18


    The reason this has something to do with NUFC is that if Ashley takes control of Rangers in the form of a voting majority of shareholding, he has to sell NUFC under SFA and UEFA rules

  • lesh

    Oct 24, 2014 at 8:07 PM

    Comment #19


    Knowing you like a laugh, how about NUST taking the club over?



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