The Scottish FA is ready to ok the move on condition that Ashley owns no more than 10% of the Scottish club.
The players would need to go on loan before the end of the month as after that date Rangers are facing a season long embargo on new players.
After struggling to a 2-2 draw today against Peterhead it looks like they could well need some of our up and coming players..
The BBC has broken this story and also believed to be involved in the deal is Mike Ashley taking over the merchandising of the Scottish club and a friendly to take place between the two clubs.
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