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Newcastle owner to take stake in Rangers

The SFA have given Newcastle owner Mike Ashley the green light to buy a stake in Rangers, reports the Scottish Sun. Tycoon Ashley will pay £2million for a 9.8 per cent share after vowing not to interfere in the running of Gers.

But after Ibrox chief Charles Green ditched a £48m, 10-year deal with JJB to sell Gers' kit, Ashley will recoup his cash by selling the jerseys in his Sports Direct outlets.

However, the SFA only agreed to Ashley's investment after he gave his word that he would not be involved in the running of Gers.

An SFA spokesman said: "He has given us assurances that he will not be involved in the management or administration of the club and that he is merely becoming involved as an investor."

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Dave Williams

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