Just why is Mike Ashley putting so much money into Glasgow Rangers
Mike Ashley s latest Rangers power play is a clear and present attempt to further his influence at Ibrox.
Through his MASH holdings company, Ashley has called for an emergency general meeting and the removal of chief executive Graham patagonia discount code wicked1Wallace and director Phillip Nash something that the current board says it will recommend that shareholders reject.
United fans fed up of Ashley s approach to Newcastle have long hoped that his interest north of the border will be the thing that takes him away from the North East.
For their part, Newcastle United continue to stand by the furpatagonia discount code wicked2ious statement they made last month in which Ashley re assertpatagonia better sweater teal greened his control over the Magpies. He said he would not sell until 2016.
Why has Mike Ashley done this?
BBC Scotland correspondent Roddy Forsyth called it a tactical strike on Rangers from Ashley and it does look like another power play by Ashley, who has been very busy recently.
He bought shares in Tesco and Debenhams and upped his stake in the Ibrox club to 9% recently, making him the second biggest shareholder in the club.
Although Ashley is by no means guaranteed to get his way the Rangers board say that they will recommend that shareholders reject the call from MASH he is flexing his muscles again. If he can push thispatagonia hats for cheap through, Ashley would presumably then lopatagonia nano hoody reviewok to get someone more sympathetic to his own aims on the day to day board.
As for a timescale on when Ashley will make a final push for Rangers, it seems to be compatagonia discount code wicked3ing sooner rather than later.
Why is he doing this? Can he do this? What does it all meapatagonia pullover special editionn?
Some estimate his personal fortune to be close to 4billion, so to be perfectly honest he can do what he wants.
But why is the Magpies owner becoming more involved with the Glasgow club? Here we look at the reasons for the Newcastle United owner getting so involved with a club fallen on hard times that plays in country whose football wealth is a faction of that in the Premier League.
What has Mike Ashley actually done at Rangers?
A text came through from a pal in Glasgow that simply read: Ashley s tanks are on the Ibrox lawns.
That s a good summary of the situation.
Ashley owns 4% of the shares in Rangers personally and recently bought another 5% through MASH holdings so he is now the second largest shareholder in the club. An Isle of Man hedge fund Laxey Partners owns 16.3% of the shares but there is a lot of jostling between interested parties.
Ashley is a major player, though. He has also taken full control of the club s retail stores. That s a lot of store room for Sports Direct. He got alpatagonia discount code southwestl of this for a song.
It has also transpired tpatagonia discount code wickedhat he bought the naming rights to Ibrox for, wait for it, 1. Yes, Rangers who not so long ago werepatagonia everlong review journal las vegas paying more money on wages and transfers than just about every club in Britain are that desperate.
He doesn t own Rangers. Not yet. But he is by far now the most important man at the club. Ashley was also asked to underwrpatagonia discount code wicked0ite a 4m share issue, but for the moment that has not happened, as far as we know.
So why is he interested at all in a Scottish club that are still not in a top flight?
Rangers are in massive trouble. There is no money and a club that size cannot afford to even patagonia guide jacket adidaslimp along with all their staff and a massive stadium to look after with the revenue that is coming in.
But don t think for a moment that Rangers are a bad deal. If someone had the money, they could go in there a buy a football institution for a bargain.
patagonia guide jacket 2015Then they could pump a bit of cash in to get them to the SPL with the aim of heading to the Champions League in the not too distant future . . .
And then sell the club for a massive profit some time down the road.
If I had to take a punt, I would say he isn t going anywhere, not in the near future, and yet has worked out a way to increase his company s profile in Scotland. The Albion Car Park, situated beside Ibrox itself, is a Steven Taylor clearance away from tpatagonia military clothing for salehe M8 and owned by the club.
