Sunday 22 October 2017

Could Mike Ashley be preparing for a Rangers takeover?



As the controversial sports retailing tycoon, Ashley, looks set to part from the Magpies in the near future, the social media rumour mill has been running wild as speculation grows that Ashley might be gearing up to take over the Ibrox club from the hands of Dave King.

It emerged earlier last week that current Rangers chairman, Dave King, does not have the required £11m- £12m in funds available if he is ordered by the courts to make an offer for remaining shares in the club under the 2006 Companies Act, leaving many supporters pondering what the repercussions of a potential ruling against the Rangers chairman might be. If majority shareholder, King, is required by authorities to make an offer for all remaining shares at the club then many wonder if this will pave the way for Mike Ashley to regain a significant shareholding within the club and provide the required funds necessary to support King.

Ex- Scotland striker Alan Brazil has gone on record to defend the job that Ashley has done on the business front at Newcastle, and suggested that he knows that many Rangers fans would be open to seeing the businessman return to Ibrox in some capacity.

Speaking on his talkSPORT breakfast show, Brazil told Arsenal legend Ray Parlour: “Another classic for you…Mike Ashley.

“Rangers fans couldn’t wait to get him out the door, But I know the way things are going at Rangers at the moment they’d have him back tomorrow – the ones who are in the know.”


Before selling his stake in the Ibrox side to supporters group Club 1972 back in June, Ashley had previously attempted to increase his shareholding in the club to 29.9% as a return for providing future investment in the side, however the SFA board “unanimously” declined Ashleys proposal at the time due to current regulations in place that restricts owners owning significant shareholdings in more that one football organisation. Although now that the sports merchandise tycoon is set to sell English Premier League club, Newcastle United, and part ways with the St James’ club for good, many fans on twitter have began to speculate regarding the possibility of Ashley still being interested in the Ibrox outfit.





If the rumours do prove to be accurate then it is certain that fans will not react with open arms if Ashley does launch a takeover. Fans groups and supporters clubs have already voiced their disapproval with Ashley’s previous presence on the Rangers board during their 2014 - 2016 campaigns, when it emerged that he had bought the stadium naming rights for a laughable sum of just £1 and planned to rename the Ibrox stadium to incorporate the name of his sports retailing firm - Sports Direct. Ashley had previously renamed Newcastle United’s St James’ Park stadium the ‘Sports Direct Area’ although after similar opposition from supporters groups the new name was abandoned and Ashley has since apologised for the move.

In recent interviews Ashley has spoke with regret regarding the failures at the St James’ club.
“The first thing you feel is stupidity, because as soon as you know the hindsight of something, you know what you were doing wrong.
“For example, I thought it was the right thing to do was to generate as much money as possible for Newcastle, so when people say to me: ‘Whatever you do on an interview do not talk about changing the name of St James’ Park!’
"Well I’m me, and I’m going to talk about making an error, and I should not have changed the name of St James’ Park. I should not have done that.”

It's possible that Ashley views a potential Rangers takeover as a means to right his wrongs in football? Through re-establishing the Scottish giants as a competitive force in Europe its possibly seen by the controversial billionaire as an opportunity to improve his tarnished reputation amongst supporters.





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