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Sports tycoon Mike Ashley to buy stake in Rangers


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It think we can ditch the JJB deal and that would be a good move as we already received something like 33-40% of the money up front, so we're only getting a fraction every year of what we could make from a new deal.

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Newcastle supremo Mike Ashley is in talks to buy a chunk of fallen Scottish giants Rangers.

 

Ashley is keen to pump around £2million into the Glasgow outfit and become one of their major investors and shareholders.

 

The sportswear magnate is looking at the project as a personal mission, rather than spending the Toon's money on Rangers, who are starting a new life in Scotland's fourth division following administration and then liquidation over massive unpaid taxes.

 

Gers chief Charles Green is seeking backers to help meet short-term costs after committing to a takeover and picking up bills left behind by the previous regime - and Ashley is a perfect fit.

 

After all, Ashley took on Newcastle when the club was deeply in debt and turned it round.

 

The vast potential for breathing new life into Rangers next appeals to him, according to close associates.

 

The Newcastle owner could, of course, make a killing if Rangers - who were watched by 38,000 against East Fife in their first home match of the season on Tuesday - return to the top of the Scottish game in several years' time.

 

In the meantime, the shrewd tycoon would be able to make money from shirt sales and in other commercial areas.

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... rather than spending the Toon's money on Rangers ...

 

Hello? Ashley will not spend "Toon's" money on Rangers, rather he spend his own money on Rangers and the Magpies. Or maybe he does not spend any more of his own money on The Toon, but leaves them to live with their EPL millions now.

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