St James’ Park owner to buy share of Ibrox side.
Rangers: Newcastle’s Mike Ashley ready to buy Ibrox share
Rangers will be able to borrow as many as nine Newcastle players in a deal that will see Magpies owner Mike Ashley buy a share in the Ibrox club.
The Scottish FA is set ratify the move on the condition Ashley owns no more than 10% of Rangers and has no personal role in running the club.
Ashley’s Sports Direct firm will then take over Rangers’ replica kit merchandising operation.
Negotiations are under way with JJB Sports to end their retailing contract.
JJB Sports and Rangers entered a 10-year merchandising contract in 2006, when the Glasgow club received an initial payment of £18m with a guaranteed minimum annual royalty of £3m.
Any Newcastle players switching to Rangers on loan would need to do so before the end of this month, when a year-long signing embargo comes into place for the Scottish Division Three club.
SOURCE: BBC Sport
Well this deal would appear to be a good deal all around. Mike Ashley gets himself a nice slice of the Rangers pie, takes over as the club’s kit merchandising contract and Newcastle United can then use the Ibrox side as a side where their youngsters can hone their skills on loan spells that would in theory hand them a good level of senior competitive football.
Presumably such a deal would help Rangers to successfully achieve promotion from Scottish League Division Three, something that may not be as simple as some might have first thought. Ally McCoist lost most of his top quality players this summer and saw his side luckily grab a last minute draw away at Peterhead in their first match of the league campaign.
One could question the morality of an individual owning significant portions of more than one club but as these particular clubs are in different leagues and clearly guidelines have not been broken, then it seems a move that the SFA will ratify in due course.
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