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Uof Statement on Ashely's power grab


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"The move by Mike Ashley to grab power in the Rangers boardroom is extremely concerning. The SFA's special dispensation, which allowed Mr Ashley to purchase up to 10% of the club, was clearly designed to mirror UEFA rules on dual ownership. These rules do not allow anyone to exert a "decisive influence" over the decision making of two clubs. There can be no more obvious attempt to exert "decisive influence" over another club than to try remove its executive directors.

 

Charles Green and the previous board, as placemen for shareholders currently represented by Sandy Easdale, have already allowed Mr Ashley to plunder the club for onerous merchandise contracts and virtually free stadium naming rights. He also has full control of the club stores.

 

We firmly believe that it is Mr Ashley's intention to now attempt to grab ownership of the club's trademark rights including our name and badge. We believe he is deliberately attempting to hamper the efforts of others to invest in the club so that he can provide a loan on terms which will allow him to demand these trademark rights.

 

The SFA has a duty to Rangers to rigorously enforce both its own and UEFA rules on dual ownership. We believe Mr Ashley's EGM call is a breach of those rules and we have written to the SFA calling on them to take appropriate action."

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