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Rangers Raise Over £3m Following Mike Ashley Non-Participation Statement

6 years ago

The transfer window may have slammed shut without Newcastle United making any late gains, but in terms of behind the scenes it has been a busy couple of days for Mike Ashley and the club.

Earlier this week Mike Ashley was [intlink id=”47187″ type=”post”]ambushed into answering questions at the Sports Direct AGM[/intlink] by two journalists who cover Newcastle United, the pair buying SD shares so they could attend and ask questions of the Newcastle owner.

Then today Ashley has banned all journalists from the Telegraph due to a story about him being prepared top sell the club, before bizarrely in the same statement stating he [intlink id=”47243″ type=”post”]may consider selling Newcastle united from May 2016 onwards[/intlink].

Then also earlier today, Mike Ashley released a statement to the stock exchange, saying that he would not be getting involved in the latest Rangers share offer, which was attempting to keep the Glasgow club afloat amidst serious financial problems.

The brief statement to the stock exchange read;

“I will not be participating in the open offer which closes at 11am today, Friday September 12, 2014.”

Rangers have now made public the results of the share offer and revealed that it raised £3.13m of the £4m it was hoping for, with 78.87% of shares being taken up.

While Mike Ashley didn’t get involved, four current Rangers Directors increased their shareholdings by buying up further shares.

What lies ahead with Mike Ashley, Glasgow Rangers and Newcastle United, is anybody’s guess.


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