It’s Official – Mike Ashley Wins Control Of Rangers


Mike Ashley has assumed control of Glasgow Rangers, with a six month £2M loan deal being accepted, and Rangers this morning confirmed that CEO Graham Wallace had resigned with immediate effect, and that follows the departure of  Finance Director Philip Nash, who resigned on Friday.

mike ashley  at end of game spurs

Mike Ashley on left – after Newcastle’s 2-1 win yesterday

Those were the two Directors Mike Ashley wanted off the Board,  and he will now be able to place two Directors of his own choosing on the Rangers Board, as part of the overall agreement for the loan.

The (very) famous Scottish club has started the search for a CEO replacement, and issued this statement today:

“The directors would like to thank Graham for his contribution to the Club during a difficult period,” 

The loan from Ashley is an interest free loan – much like the £129M loan he has with Newcastle United, the club he owns outright.

Ashley has a 8.92% stake in Rangers at the moment, and had recently called for a shareholder vote, to vote on the removal of Mr Wallace and Mr Nash.

This moved is basically a turnaround for the club, which had previously said it was sticking with its current executive team.

It’s strange how money can change things around.

It is thought the £2M loan is enough to see Rangers financially through to the end of this year, as the club climbs back to the Scottish Premier League, where it belongs – to fight Celtic for the Scottish title.

Rangers had gone into administration, and in the summer of 2012 they were demoted to division three of the Scottish League – and they have been fighting their way back to the Scottish Premier League ever since.

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145 comments so far

  • G

    Oct 27, 2014 at 9:30 AM

    Comment #1

    I’m guessing the Blue half of Glasgow has just had a massive upsurge in suicide rates right about now?

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  • lesh

    Oct 27, 2014 at 9:31 AM

    Comment #2

    Repost from previous thread:

    Good to see that Pardew’s addressing the ‘small club’ air that has got to the players as a result of Ashley’s obsession with the finances and resultant transferring of top players.

    Now, it’s up to Ashley to back Pardew’s ‘big club’ language with action and sensible investment in good players.

    And, it transpired that Pardew sent the players out early before the second-half kicked off. A good move to warm the players up and be ready to go while the opposition’s heads are still in the dressing room.

    It worked at Sperz but it won’t work every time but, good practice that has us on the field and waiting for the opposition – giving us a psychological advantage.

    Some good signs of a possible improvement in form and attitude and now all we need are some incoming quality in January (no top players to leave please Mr Ashley) and a more attacking approach to our games.

    Good result in any event, a real confidence booster.

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  • lesh

    Oct 27, 2014 at 9:34 AM

    Comment #3

    G

    And the green side of Glasgow’ll be clapping their hands but’ll probably be worried when Ashley weaves his magic with the ‘gers’.

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  • catchy in norway

    Oct 27, 2014 at 9:35 AM

    Comment #4

    who was the manager in the first half ?

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  • welshgeordie9

    Oct 27, 2014 at 9:41 AM

    Comment #5

    Win the next few games starting Wednesday and you never know pardew could win the manager of the month award.

    In pardew we trust.

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  • beermonkey

    Oct 27, 2014 at 9:49 AM

    Comment #6

    just watched all 3 of the kings interviews

    in each one he mentions the fact that its colbacks first forward pass of the match for sammys goal
    none of our midfield look to get the ball forward
    why cant one of the jernos ask why is this

    he also said that they knew the system in the first half wouldn’t suit perez but went with it any way, so young player on debut you do that to him nice one good job he got the goal

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  • Average_Contents

    Oct 27, 2014 at 9:50 AM

    Comment #7

    Apparently he’s going to install “ol owl heed” and some other “mucker” from Essex. The £2m loan is against their carpark and a building of some description on the premise he can appoint two board members.

    Once his appointments have been ratified by the club and the stock exchange he will eventually have control without having to up his stake.

    Thus solving the problem of not having to sell us while having his grubby fingers all over rangers without appearing to.

    Fat slug out. King out.

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  • Average_Contents

    Oct 27, 2014 at 9:55 AM

    Comment #8

    Lesh

    On the small club issue.

    The king has had as much to do with that illusion as fatty himself.

    Constantly bleating on about how we cannot compete with clubs in and around us.

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  • catchy in norway

    Oct 27, 2014 at 9:59 AM

    Comment #9

    beer

    don’t bother

    all these sheep want to hear is pardew is great and they were right.

    its not just jurnos that should be asking those questions, its us as fans too, all that matters to some is 3 points, and I don’t see the fun in watching tables. each to his own I guess

    I know some of the sheep don’t have to good a memory, so il only go back 2 matches, 2 wins, great, but 135 minutes of the football was some of the worst football we have seen. and what makes it more worse for me is the fact we could play football for 45 minutes against spurs AWAY, yet this fool had us playing defensive football AT HOME against Leicester.

    where was our BIG CLUB mentality there

    KEEP CLAPPING

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  • Reyantoon

    Oct 27, 2014 at 10:02 AM

    Comment #10

    welshgeordie9@5…YOU spot that brilliantly!!

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  • mindshaft

    Oct 27, 2014 at 10:03 AM

    Comment #11

    This is working out well for Ashley and it’s no coincidence that he says he will not sell NUFC until at least 2016 ( if he can find a buyer).

    Rangers should get promoted this year, qualify for Europe in 2015 – 2016 season and potentially be in champions league 2016 2017 season.
    Ashley can then ( for a relatively modest investment ) promote Sports Direct by plastering it all over Ibrox ( Sports Direct Arena?) to the whole of the world.

    Certainly a much cheaper option than trying to get NUFC in champions league……..

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  • beermonkey

    Oct 27, 2014 at 10:06 AM

    Comment #12

    catchy

    I am very happy he team won I am happy an amiobi scored a goal

    the manager still talks utter drivel, is he good enough for this club NO his recored in his entire tenure with us is not good enough his own records show that the facts don’t lie

    no1 has done more to perpetuate the myth of a club than pardew most people not associated with club would believe we cant compete with burnley

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  • Graeme

    Oct 27, 2014 at 10:15 AM

    Comment #13

    Mindshaft @11 ALL stadium advertising at any UEFA game, Europa League or Champions League, belong to UEFA. The host club have to cover up the stadium advertising as it is reserved for their UEFA Partners – Heineken etc.

    The only advertising he could have for SD would be to sponsor the club shirts and plaster SD on the shirt.

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  • magscar

    Oct 27, 2014 at 10:18 AM

    Comment #14

    Beermonkey

    Whether we like it or not Pardew had a game plan that involved Cisse playing. He was forced to withdraw him a couple of hours before KO. Perez had to step up and what was Pardew to do change system to accomodate him or go with original plan? Whilst I am all for protecting young(er) players I think he had to stay with what had been planned at least for 1st half. Perez would have been informed of this.

    His usual gameplan of containing( bigger?) opposition when away from home and hitting on break didn’t come off (except we fortunately kept it to 1-0). Sissoko wasn’t effective and Colback and Obertan weren’t getting forward enough with both Spurs fullbacks and their deeper lying CM were having lot of success. Cue subs which along with some hard truths worked.
    Just saying and not thinking Pardew is suddenly tactician of the season.

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  • MonkseatonMag

    Oct 27, 2014 at 10:19 AM

    Comment #15

    Mindshaft

    Spot on. And remenber, Ashleys 2 teams can never meet – so where does that leave NUFC in terms of european ambition? Nowhere, thats where!

    still…we got 3 points yesterday, so 50,000 happy clappers will be delighted.

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  • Transfer Sage

    Oct 27, 2014 at 10:23 AM

    Comment #16

    Mindshaft

    Other than the fact the advertising needs to be champions league sponsors and can’t be sports direct there is a bigger problem.

    Will rangers finish top 2 to get champions league, will they make it through the qualifying rounds and then on top of that will 6 champions league TV games (which won’t be watched by many unless they play a big team) really be more beneficial to him than 38 prem league games with Newcastle shown live around the world.

    Rangers need extra investment to make regular champions league, at Newcastle he gets away making a profit and keeping us in the Orem whilst getting much better advertising. I can’t see him going.

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  • optimistic prime

    Oct 27, 2014 at 10:24 AM

    Comment #17

    So we stumbled and flooked a win and all is well at NUFC again 🙁

    The first half was shocking and the whole team didn’t have a clue where or how they should be playing and it was only the fact spurs were shocking in decision making going foward that we weren’t more down than one.

    The Sammy goal was like mugging spurs as no one saw that coming which shocked them and gave us a opportunity to get a foot in the game. Even though we won our defending was still garbage and we survived with more luck than judgement.

    It’s embarrassing that a team can play so bad in one half then come out and offer so much effort in the second, the effort and luck dragged us to a unlikely win.
    Yet the formation and team selection again was our main problem, Pardew is more to blame for first half performance than he is to be patted on the back for the second.

    Overall a poor defencive display over 90mins and a good twenty minute spell in second half which won us the game.
    Poor play poor performance poor formation and selection.

    Anyone who watched that and was shouting give pardew some credit or crowing they were right to back him are as deluded as the man himself, a bit of patience with spurs in first half would have seen us dead and buried and as I’ve said luck carried us to a win.

    Pardew out for being so inept at preparing a team to play 90mins or two halves in the same vain!

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  • dazzler

    Oct 27, 2014 at 10:25 AM

    Comment #18

    Personally, yesterday reminded me of a performance with hoots in charge.. Clueless first half, making adjustments at half time and voila a much improved second half.

    Maybe, just maybe pardew is learning that his tactics need to be tweaked when things aren’t going our way.

    We’ll see in the next two games, if we turn up to have a go or if we revert to type.

    Yesterday was still a good result, and a good second half.

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  • Transfer Sage

    Oct 27, 2014 at 10:25 AM

    Comment #19

    Ashley can’t have more than 10 % of any European club as well as us as, although it’s a small chance, they could in theory meet in Europe if they have good seasons.

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  • Transfer Sage

    Oct 27, 2014 at 10:26 AM

    Comment #20

    I’m far from saying pardew is the right man but credit where it’s due.

    The team, which has offered a decent threat in previous weeks was selected to start, under performed and he made 2 changes at half time which is pretty bold and we looked much better 2nd half.

    Sissoko looks to have taken some responsibility which is good to see and he ran our game, keep him central and it allows cabella to play ahead of him and Colback.

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  • beermonkey

    Oct 27, 2014 at 10:29 AM

    Comment #21

    cant see us being sold in 2016 rangers will never get the coverage the prem does

    the fat man wants 300 mill maybe more for us, well at the moment there are hull and villa both available at a lot less, rumour has it palace are going to be sold

    just cant see any1 coming and paying such a sum a club

    could it be that the reason they are saying 2016 is when all the outsourcing of the catering and that runs out

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  • dazzler

    Oct 27, 2014 at 10:29 AM

    Comment #22

    Ts,

    If Ashley has the stadium naming rights, and the merchandise then I see a “sports direct @ ibrox” scenario. Which will be enough exposure not to mention the shirts. Personally I think he’s looking for a way out of NUFC and he sees rangers as that chance.

    Does he have to cover up the signs on the tops of the stands, like at sjp or the SD murals he has emblazoned everywhere too?

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  • dazzler

    Oct 27, 2014 at 10:31 AM

    Comment #23

    Beermonkey

    The 2016 thing fits in too conveniently with the aim of Rangers being back in the CL for it not to be linked IMHO

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  • catchy in norway

    Oct 27, 2014 at 10:35 AM

    Comment #24

    OP

    spuds were camped in our half for the full first half,

    we had 32% possession

    260 passes of which 68% complete

    spuds had 543 passes 81 % complete

    that just shows how lucky we were

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  • magscar

    Oct 27, 2014 at 10:36 AM

    Comment #25

    Transfer Sage

    As you say Sissoko took some responsibility when moved into CM and looked more effective there.

    Colback can get forward but lacks power and seemed too cautious at leaving Anita alone in 1st half.

    If Tiote is fit for next Sat might we see Sissoko kept there with him and Colback sacrificed. Many have said that CM is Sisoko’s best position rather than RM or as a no 10. Even if Tiote isn’t fit surely Pardew must perservere with him and Colback and let them sort it out as to who holds and who goes. Years ago Gary Speed and Rob Lee did this well for us

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  • catchy in norway

    Oct 27, 2014 at 10:37 AM

    Comment #26

    Transfer Sage

    making things up a bit

    sissoko, did not run our game, he ran all over and put in a lot of effort

    big difference

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  • Geremi's Prosthetic Leg Fund

    Oct 27, 2014 at 10:40 AM

    Comment #27

    The one thing we’ve got this season that we didn’t have last is belief and a far greater fighting spirit. We’ve come from behind regularly this season claim points and that is promising.

    It’s also pleasing that we were able to beat a Spurs team boasting infinite more quality than ours. With our squad fit we should be a good team no doubts.

    I don’t like Pardew as a person or a manager and I sense he’s beginning to get carried away with himself all over again which isn’t good. He has a hell of a lot to work on including his team set up and his possession mentality. I don’t want us to be the team that sits back and absorbs pressure all game and nicks results like we did when we finished 5th. We’re better than that as a club and we do have players who can play a possession game.

    Obertan had improved dramatically and I was wrong for thinking he’d flop again. That run into the box where he could/should have powered in a header was excellent, and showed some intelligence to his game that we’ve not seen before. His ball control was generally good and he looks to have the added confidence to keep it a little longer and run with it rather than do his trademark immediate pass to no one and run away.

    We can beat Liverpool, they are all over the place and we have some form now. We just need to believe and have the confidence to play football the right way.

    Damn we need results against big teams now or we will be down there all season.

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  • Mickalonius

    Oct 27, 2014 at 10:41 AM

    Comment #28

    So Catchy, if we win we were lucky, if we lose its down to Pardews negative tactics ? Very fair and balanced. Then again, you did also post that you would prefer to see Newcastle drop two divisions, if it meant getting rid of Pardew. Blind hatred.

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  • magscar

    Oct 27, 2014 at 10:42 AM

    Comment #29

    On Rangers and us I have said before that PL is a cash cow which Ashley will be reluctant to sacrifice unless and until the right offer comes his way. He can keep both.

    (At least) 2016 isn’t a journalistic invention and was official club propaganda so it means something and Rangers reaching CL isn’t at all a stretch.

    Could also be that Ashley is wondering when PL bubble will burst as SKY money cannot keep on going up indefinitely. Waiting for right moment to bail?

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  • magscar

    Oct 27, 2014 at 10:48 AM

    Comment #30

    Geremi
    That is one point being overlooked – we have been consistently coming back from going behind. Last season we all knew it was game over if we conceded first.

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  • beermonkey

    Oct 27, 2014 at 10:50 AM

    Comment #31

    magscar

    there renegotiating the tv deal at the moment and it will be going up again

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  • magscar

    Oct 27, 2014 at 10:51 AM

    Comment #32

    Catchy

    I will happily take a bit of luck – perhaps makes up for the bad we had against Villa away and Palace at home.
    Doubt Pochettino is telling his players this morning that they were just unlucky.

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  • magscar

    Oct 27, 2014 at 11:00 AM

    Comment #33

    Beer Monkey

    Yeah I had heard that but suspect Ashley might still be sniffing the wind come 2016 as I don’t think he will wait for a”buyers market” if he can help it.

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  • beermonkey

    Oct 27, 2014 at 11:07 AM

    Comment #34

    the only rules stopping Ashley owning rangers and us outright is the Scottish fa
    problems could arise with uefa if both qualify for Europe, not a problem cos all we aspire to is top 10

    I can see now he has his mitts on rangers in the board room he will challenge the Scottish fa for full ownership they have made there bed with him now and its either him or liquidation the sfa need rangers in the mix as it a 1 team league

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  • lesh

    Oct 27, 2014 at 11:11 AM

    Comment #35

    Average_Contents

    Your dead right, I’d completely forgotten about Pardew’s insistence that we can’t cope financially with the likes of Accrington, Brentford……. whoops, sorry, Citeh, Chelsea et al.

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  • Reyantoon

    Oct 27, 2014 at 11:12 AM

    Comment #36

    Geremi’s..
    No offence,but I have to admit that we were playing away from home with one of top 7 team.The best way to achieve good result is to dictate,read,analyze the game and take the best action. we were sitting at back to snatch a win doesn’t mean we were not good enough.Remember several key players were not involved.we were dictating the game while we were sitting at the back,that is one part of good game plan.Even bigger teams will took same action like we did.Also first half was very good display personally. Until we conceed that mistaken goal
    (unlucky anita),we were well organized and were in a position to take the game beyond them.I have to say this is the best display from the lads I ever seen this season after villa game.

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  • lesh

    Oct 27, 2014 at 11:15 AM

    Comment #37

    catchy in norway…..

    Give it a rest man! Are you so obsessed with Pardew not to see that he’s going nowhere until Ashley says so!

    Give yourself a break and fix an appointment with your doc to get your fixation with Pardew treated.

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  • jimiley

    Oct 27, 2014 at 11:19 AM

    Comment #38

    Big Sam Allardyce,
    “You do not know what you are doing” we screamed. The last laugh is with Big Sam and we are stuck with Percy. Percy is here as long as BIG Mike, so we should get on with it or stay away. I stay away. The only things we can be sure about for the next few years is the football will be dire and we will win nowt. And BIG Mike will continue to rape the club until he saunters off to Gers. Good viewing.

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  • martoon

    Oct 27, 2014 at 11:24 AM

    Comment #39

    Catch @9 – No we are not sheep but supporters of NUFC. What you say is true about the players but they are not robots. The Leicester game was never going to be a classic because the players were nervous and the result was all important – you can’t honestly expect free flowing expansive footaball in a game like that? The Spurs game – for whatever reason – the players did not turn up in first half, yes you can blame Pardew but this happens to all teams sometimes because players are human. No-one is saying Pardew is a genius but if you give him stick for his mistakes then you have to give him some credit when he gets it right like yesterdays second half. By your reasoning Pochettino should be sacked because he didn’t prepare his team properly!

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  • Charlie in the Gallowgate

    Oct 27, 2014 at 11:29 AM

    Comment #40

    Previous thread
    God – I think there is a few people on here hope we loose every game and when we do win we are lucky.
    Get a bloody life and a bloody insult to all the fans who turn up home and away following the TOON.
    and as for possession – its not all about possession it’s about putting the ball in the net and we did it one more time than the Spuds yesterday.
    And I did not think we played that bad – plenty to be positive about – going forward we have pace to burn now and with Sammi, Obertan, Aarons and Perez running at defenders with speed and if we can put the end product into the net – then we will be alright.
    Perez – looks like he could be the signing of the season for us – so far in what I have seen of him looks good.

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