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Scottish FA Steps In – Asks Ashley What’s Going On At Rangers

It was a weekend that Mike Ashley essentially took control of Rangers FC, as well as watching Newcastle United beat Tottenham 2-1 in London,  and the questions are now starting to be asked about what this means two years down the road,  if and when Rangers get back into the Champions League.

mike ashley hull cisse scored

Mike Ashley – asked to clarify his position

The rules at the moment are that two clubs cannot compete if they are owned by the same person – although the rules are not really clear at all.

The news coming through is that BBC Scotland are reporting the Scottish FA have already written to Rangers FC and the Newcastle owner seeking clarification on what exactly is going on at Rangers.

That’s a good question.

Former Newcastle Managing Director Derek LLambias is in Glasgow today, and is expected to be installed as the next CEO of the club – as Ashley essentially takes over control, after he was successful in getting the current CEO and Finance Director dismissed as part of his loan deal to the club

Mike owns less than 9% of Rangers and is not the biggest shareholder, but because of the terms of his £2M interest free loan to Rangers, he effectively has control of the club.

But how he can do this while owning Newcastle United is a good question, and it seems the Scottish FA want to know exactly what Ashley’s intentions are.

So do Newcastle and Rangers fans.

It seems the Newcastle owner is trying to take advantage of the murky rules about a person owning two football clubs in Europe.

Maybe his goal is to have Newcastle United as the world-wide advertising vehicle for his Sports Direct company via the very popular Premier League, which is shown around the world live.

And at the same time have Rangers FC as the advertising vehicle in Europe, when they compete in the popular Champions League.

That shouldn’t be allowed.

Mike has seized control of some of Rangers assets while the club is struggling to get back to the Scottish Premier League, and are short of money if they are to avoid another bankruptcy.

Going into administration would be disastrous for the famous Glasgow football club, so at the very least Ashley is taking advantage of Rangers’ plight at the moment.

What do you think?

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44 comments so far

  • mindshaft

    Oct 28, 2014 at 1:22 PM

    Comment #41

    Spuds victory has worn off 🙂

  • tequilamag

    Oct 28, 2014 at 1:53 PM

    Comment #42

    @40 Colback played a lot if the time for Sunderland as a full back and has never really been an advanced midfielder.
    The pass he made to Ameobi for the goal was from in his own half.

  • Ancientcoptic

    Oct 28, 2014 at 1:55 PM

    Comment #43

    Newcastle spending for the past 2 seasons = roughly around 40 million.

    Newcastle intake from players sold = roughly 45 million. You can add maybe another 1 to 2 million for players loaned out in that time.

    Giving a surplus of around 6 to 7 million.

    Ashley’s shares in Rangers cost around 4 to 5 million – with another 2 million put in for a loan. Costing Ashley “around 6 to 7 million.”

  • mindshaft

    Oct 28, 2014 at 2:59 PM

    Comment #44

    Ashley is in a win win situation with Rangers as he will own the actual assets – there was a good piece detailing this on some website – I’ll try and find link


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