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Ashley Takes Control Of Rangers.


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I see Mike Ashley has taken control of Rangers. He already had the marketing rights and had bought the naming rights for Ibrox for the grand sum of £1 !!!! Well, I hope the supporters know what they are letting themselves in for. He bought Newcastle and look whats happened to them; their sole objective is to stay in the Premier League...no cup runs, no Europe, buy young foreign players on the cheap and sell them at a profit, use the ground as a giant advertising board for Sports Direct and siphon off any profit instead of re-investing it. I can only hope Rangers get back into the Scottish Premier and even the Champions League, and Ashley loses interest in Newcastle United, and sells to someone with more passion !

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hes limited to a small percent while he still owns newcastle?

I'm not sure of the rules, but he has given Rangers a £2million loan, (they turned down a £3 million loan of someone else), but part of the agreement was the bloke he wanted off the board has gone, and although he only owns about 10% of the shares, he is defacto, now in control. High finance is way beyond me, but Ashley does nothing unless it's in his financial interest.

 

Cheers.

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Just my opinion, but I think when he bought Newcastle, he thought he was getting a big fish in a medium sized pond; state of the art 50000+ stadium, huge crowds, great world wide marketing potential, etc. Then he found he had got a medium sized fish in a very big and competitive pond ! To become a big fish in this pond would need a massive cash investment and a huge gamble.. he decided against this and went for a decent profit every season from television and Premier League revenues and player sales. He now seems to think Rangers can get back to being one of the only two giant fishes in the very small pond of Scottish football, and if he can get them back into the Scottish Premier and the Champions League, he will get a far better return on his investment than he could with Newcastle. The man is a business man, and a very good one; but is he good for football ? I don't think so.

 

Cheers.

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Be good for Scottish football to have rangers back in the top flight I reckon, look at Celtic since rangers dropped out......they are a shadow of the team they were.

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