der Berliner 3,240 Posted August 17, 2014 Share Posted August 17, 2014 ... maybe the rumour's grown some legs: Newcastle United owner Mike Ashley set to increase his stake in Rangers Aug 17, 2014 14:45 By Neil Cameron Is this the start of Newcastle United owner's much talked about move from Tyneside to Glasgow? Mike Ashley is set to increase his stake in Rangers. We understand that the Newcastle United owner has pledged a significant loan to the fallen Glasgow club after he had said no to an original request earlier this year. The billionaire businessman already owns roughly seven per cent of Rangers, who have suffered dreadful financial troubles in recent years. And it is believed that stake will be considerably bigger after his cheque is cashed by Rangers who are desperate for his money. Those Newcastle fans who oppose the controversial Ashley regime will hope this is the beginning of the end of his time at the club, and that he will sell up and move out of St James’ Park in the near future. And there have been strong rumours for some time that Ashley’s next project would be buying Rangers who despite their recent woes remain a massive club with the potential to make him money. But this is a deal not without its complications. Owning two football clubs in the same competition is forbidden, something that would be a problem if both Newcastle and Rangers – currently in the second tier of Scottish football – qualified for Europe in the same season. However, Rangers are more than likely to still be a few years away from that level. Newcastle Chronicle We had a few mentions of Ashley to Scotland before, it might be that now he's got the chance to at least "move closer". 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted August 17, 2014 Share Posted August 17, 2014 Interesting that the author of this article says Ashley already owns roughly 7% when the RIFC plc shareholder website still lists him as having 3,000,000 shares equal to 4.56% and there hasn't been any disclosures to the LSE regarding him going above 5% or 6%. 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted August 17, 2014 Share Posted August 17, 2014 The article fails to explain how a loan will see him increase his stake in the club. It's also quite a jump from holding 7% of the stock to being the owner. Wishful thinking from a barcode fan? 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,240 Posted August 17, 2014 Author Share Posted August 17, 2014 Well, it wouldn't be a surprise if a reporter is somewhat ahead of the actual news ... just remember how many people we had already signed before they actually put pen to paper. As I said, we had a few similar headlines before and nothing came of it. It has been rather quiet about Ashley for quite some time though. 0 Quote Link to post Share on other sites More sharing options...
RANGERRAB 3,255 Posted August 17, 2014 Share Posted August 17, 2014 Don't quite understand the article. It starts by saying its a loan then goes onto saying how this will increase his stake in Rangers? How can that be? 0 Quote Link to post Share on other sites More sharing options...
stewarty 1,876 Posted August 17, 2014 Share Posted August 17, 2014 Concerning to hear about more loans when we haven't even paid back George Letham. Not unexpected however... 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,240 Posted August 17, 2014 Author Share Posted August 17, 2014 Don't quite understand the article. It starts by saying its a loan then goes onto saying how this will increase his stake in Rangers? How can that be? Much like the stake % he already holds, this reporter does not seem to be well versed in business stuff. By the looks of it, as has been muted somewhere else, Ashley will underwrite the 4m issue the board offered of late and will thus increase his stake. Whether or not will be known soon enough, as it will be noted at the stockmarket. As for the other loan deals, who knows whether the board has since talked to Letham and Easdale about it and changed the minutes ... or agreed to hand them shares instead. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted August 17, 2014 Share Posted August 17, 2014 We must be the only club who pays someone else to put their name on our stadium, madness if true , but given this board anything's possible 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted August 17, 2014 Share Posted August 17, 2014 Much like the stake % he already holds, this reporter does not seem to be well versed in business stuff. By the looks of it, as has been muted somewhere else, Ashley will underwrite the 4m issue the board offered of late and will thus increase his stake. Whether or not will be known soon enough, as it will be noted at the stockmarket. As for the other loan deals, who knows whether the board has since talked to Letham and Easdale about it and changed the minutes ... or agreed to hand them shares instead. Would that not require a further statement to the stock exchange? 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted August 17, 2014 Share Posted August 17, 2014 I wonder who has put this story out there? 0 Quote Link to post Share on other sites More sharing options...
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