The Scottish FA met on Monday and sat late into the night at Hampden Park to discuss Mike Ashley’s influence at Rangers, taking into account he already owned Newcastle United.

The disciplinary tribunal had to consider two different charges against the Newcastle United owner.

One of failing to act in the best interests of football and the other, whether he had breached a rule relating to dual ownership/influence at two clubs.

The breaking news is that Ashley has been found guilty of breaking the dual ownership rules.

Sky Sports report that as a result he has been fined, wait for it….£7,500!

Yes only hours after Mike Ashley was listed by Forbes as being the tenth richest Billionaire in the UK and 306th richest in the world with a fortune of just under £3.3bn, he gets fined £7,500 after drawn out investigation.

On the charge of not acting in the best interests of football (SFA Rule 77) the case was found not proven.