He thinks Sevco will give him Champions League football quicker than Newcastle. Little does he know that a resurgent Hibs will be challenging Celtic for that spot and not the Mozilo men.
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The Rangers meltdown thread at the top of the forum is always a good sign :-p
Ashley is saving those in power from having to engineer another fiddle to avoid The Rangers going bust this time around and becoming The the rangers so why would they want to do anything other than sit about being important while the money men do what they like with Scottish football?
Scotlands newest club should be in no doubt about this one though, they have sold their soul (such as it was) to the devil - they don't even own their daft badge anymore. The Geordies were hoping Ashley was going to up sticks and move to Ibrox but he is into this one for the commercial value he can squeeze out of them alone - The seats on the board are not good news for the new boys either.
Wonder if Ibrox will be called the Sports Direct stadium or the Donnex Sports Socks arena? Could be better than Cheeky Charlies spell at the helm as he was only after some quick cash from share sales and an exit. Ashley can take what he wants.
:agree:Indeed, he has wrung as much value as he can out of Newcastle and the rangers are another branding and marketing opportunity with a pretty good return on his loans being there potentially as well.
Green was an amateur compared to Ashley - let the fun begin.
NUFC now seem to doing ok financially. However, Ashley had to sink a lot of money to stabilise the situation after he bought the club, and had no takers when he tried to get his money back by selling it. Obviously relegation would hurt them.
Weird club - massive support, but little sense that they will ever achieve anything.
David Low (@Heavidor)
27/10/2014 09:28
The Ashley Loan announcement. londonstockexchange.com/exchange/news/…
David Low (@Heavidor)
27/10/2014 09:37
RFC needs at least 15m plus substantial cost cuts in January. A New CEO should be in place before the year end to carry this out in January.
David Low (@Heavidor)
27/10/2014 09:33
It looks like a big RIFC share issue coming down the line.
David Low (@Heavidor)
27/10/2014 09:41
All the silly billies that follow follow RFC better get with the programme or into or they'll be in their third club in three years.
Rangers will be struggling in the play offs. This new deal with Ashley needs repaid by April (that's £2million!!!) And that money he has given will only pay staff up until Christmas. Jesus, Wallace will get 20% of that for being sacked this weekend. Expect the rangers to sell Lee Wallace, McLean and free 4/5 others in Jan. David Lowe has confirmed on twitter this morning that they will need a further £15m in January as well as severe cost cuts. They're doomed
Looks like Ashley has effectively paid £2million to get that car park and other property that the fans were up in arms about awhile back. Since when they fail to pay him back he'll call in his security.
Presumably setting himself up for a nice little earner from The The Rangers having to pay him to use these facilities, their badge, their kit etc...
The more you read about it, Ashley has Der Hun over a barrel. This £2m loan from Mash is a short term fix... once he's got his own people on the Board he can structure a new deal that suits him.
Wallace had to go for allowing the company to get into such a perilous position again.
I don't think they are doomed though, and I don't think Ashley's arrival is good news for us.
Now that Ashley is really in charge, will he face any conflict of interest investigation because of Newcastle?
I think you're right.
If Ashley wants control of Rangers he'll get it one way or another. He wanted rid of two directors and he's got it.
Also think David Low is missing the point about Ashley. Newcastle fans don't like him but he did plough millions of his own money into them to keep them going. He'll do the same at Rangers cos like it or not that brand shifts "product" that he will have exclusive rights to flog in his shops.
There is no way Ashley will let them go into admin. He has to protect those contracts.
There's also a good chance that McCoist will get the bullet.
Their chances of winning the league have increased.
If Ashley puts up with Pardew then that could be a source of comfort for Swally.
No comfort here I'm afraid.
Pardew is a fairly cheap option who doesn't object to a squad full of imports on relatively low wages who can all be sold if the right offer comes in.
Swally is an overpaid loser who has burned millions on an over-paid squad who have no intention of giving up their contracts and will sit it out as long as possible.