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Newcastle owner continues Rangers investment

Rangers have confirmed that Newcastle owner Mike Ashley has increased his stake in the Glasgow outfit to almost nine per cent. Ashley's MASH Holdings Ltd has been named as the purchaser of more than four million shares, which were sold by Hargreave Hale earlier this week.

Several updates to the London Stock Exchange show that Ashley transferred his existing shareholding to MASH Holdings, which he owns in its entirety, to give him a total stake of 8.92 per cent.

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