Ashley Causing Trouble At Rangers


With Newcastle being in so much trouble trying to stay in the Premier League because of the poor decisions made by Mike Ashley in January not to strengthen an already weakened squad,  the very last thing we want to hear is his dealings with Rangers FC – but that’s the news this morning and it looks like Mike Ashley now wants his £5M loan back from the Scottish club.

mike ashley pointing

Mike Ashley – Newcastle owner wants his loan returned

Mike Ashley is bringing his (sometimes dubious) business dealings into the game of football, and it’s not good to see, and we often wonder if he’s a proper and fit person to be an owner of a Premier League club.

The way he’s running Newcastle United, where money is the only thing that matters – not the playing squad – is not what football is about.

Mike Ashley currently has just less than a 10% stake in Rangers FC, and he wants his £5M loan back and has also asked the Board why the club was delisted from the AIM stock exchange last month.

This is Ashley’s latest (chess) move, after he lost out in a power struggle to South Africa-based businessman Dave King at an EGM in London in early March.

Last year a £2M loan from Ashley allowed the Billionaire to appoint two directors to the Rangers’ board, and in January a further £10M loan was agreed, but only £5M was made available at that time.

Ashley has asked for an Emergency General Meeting to be held, at which time he wants his £5M loan returned.

Maybe Mike Ashley is now starting to withdraw his interest in Rangers, which would be great news for the famous Scottish club, and maybe even some good news for Newcastle.

We could certainly do with some good news these days.

Comments welcome.


10 comments so far

  • lochinvar

    May 13, 2015 at 9:27 AM

    Comment #1

    Ashley ( Rangers ) and Carver ( Toronto ) – what a dynamic duo

    The new LOAN RANGER and TORONTO

    Carver To Ashley
    “Come on, Mashers! Let’s go, big fellow! Hi-yo Silver! Away!”

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  • dave 1961

    May 13, 2015 at 9:29 AM

    Comment #2

    Its bad new for us as they were our way out it seems the Rangers fans are better than ours at ridding themselves of parasites.

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  • scout

    May 13, 2015 at 9:33 AM

    Comment #3

    I hope they pay you out in scottish fivers.

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  • ToonMatt

    May 13, 2015 at 9:38 AM

    Comment #4

    Was this filthy pig put on this planet to simply make people miserable? Even looking at a photo of him makes me feel sick, I really do hate him with a passion.

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  • roblee7

    May 13, 2015 at 9:42 AM

    Comment #5

    dave – hopefully he wants out of football all together and it will be us he’ll leave once he’s gone from Rangers, thats naive optimism for yer 😉 I do think his actions over the last year or so suggest he may be about to sell up. I worry we may have to wait till 2016 though if he does so he can get a bit more Premier League dosh. I also wonder if the money we have in bank (30 mil or so) is Ashley’s pay-back tfor his debt so he can sell the club at a sensible price. I wouldn’t have a problem with that if our squad wasn’t so weak, but if this is the case, then I that would mean very few signings and another miserable season up and coming. If it means Ashley gets out though, I’m happy 🙂

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  • dave 1961

    May 13, 2015 at 9:44 AM

    Comment #6

    a story about interest in the club from Middle East trouble is we need rid of Ashley.

    http://www.chroniclelive.co.uk/sport/football/football-news/newcastle-united-ownership-middle-east-9240186

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  • roblee7

    May 13, 2015 at 9:44 AM

    Comment #7

    If they came out and told us thats what was happening with profits so he can sell up, then I think most would accept it?

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  • JP...from The Rock

    May 13, 2015 at 9:48 AM

    Comment #8

    Repost:

    For most of the players to be gettting a bit of cramp towards the end of the ONLY game they have really tried says it all!

    This just proves how little effort they have made in all the other matches and in training. No stamina whatsoever. And we had the lions share of possesion, so we weren’t even chasing the ball to get that tired and suffer from cramp.

    If we had been training hard and working hard on fitness we would not have players suffering from cramp for a game that we had most control of.

    Joke of a club!

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  • sickandtired

    May 13, 2015 at 10:09 AM

    Comment #9

    More like he’s making another move for them if he suspects they don’t have or can’t raise the money.
    Could also just be spite – as he met with RFC at SD HQ only a week before the letter went out, but then Police arrived 4 days after it was sent.
    Would absolutely love it if they can tie him/SD to the whole corrupt RFC dealings of Whyte & Greene. Greene it was who signed Ibrox naming rights over to Ashley for 1 quid as well as doing the initial retail deal way back in 2010 before any loans changed hands.
    I have long suspected that was in return for Ashley buying shares and a promise to support Greene at that time in the Boardroom battle.
    I hope his world is beginning to unravel.

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  • The overrated Frenchman

    May 13, 2015 at 12:00 PM

    Comment #10

    Imagine Ashley turning up to a Rangers’ home game. It would be like throwing a chip to the seagulls.

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