Skip to main content
Ashley loans Gers £10m to pay wages
Newcastle owner now holds 75 per cent stake in Rangers

Newcastle United billionaire owner Mike Ashley strengthened his grip on Rangers yesterday after the Ibrox side accepted his offer of a £10 million loan two days before wages were due to be paid.

£5m will be available to Rangers immediately for working capital, £3m of which will be used to pay back the crisis loan that Ashley gave them back in October.

In return for his loan, Rangers have handed Ashley security over the Murray Park training ground, Edmiston House, Albion Car Park and importantly the registered trademarks — such as the Rangers name and the club badge.

The 95th Anniversary Appeal
Support the Morning Star
You have reached the free limit.
Subscribe to continue reading.
Similar stories
Coins in a Saltire purse
Features / 7 May 2026
7 May 2026

Years of underfunding are eroding Scotland’s local services and deepening inequality in communities, says VINCE MILLS

Pupils in a classroom
Features / 14 April 2026
14 April 2026

Cuts are sweeping campuses as cash-strapped universities slash staff and politicians fail to act on a growing funding emergency. VINCE MILLS reports

St Mirren's Alex Gogic celebrates scoring their side's first goal of the game during the William Hill Premiership match at Ibrox Stadium, Glasgow. Picture date: Sunday October 27, 2024
Men's Football / 22 August 2025
22 August 2025
Red Devils' logo
Men’s Rugby League / 12 August 2025
12 August 2025

Fan group The 1873 issues scathing response to owners’ statement saying the club will not close