15 Jan 2015 10:22:51
Mike Ashley has posted notice of his intention to take out security over Rangers' Ibrox Stadium.

Ashley has 35 days to complete the application but the lodging of documents indicates the owner of Newcastle United could be set to provide a secured loan to Rangers to provide badly-needed cash.

1.) 15 Jan 2015
15 Jan 2015 10:48:25
that'll be that then!
lock the doors and throw away the key!!

2.) 15 Jan 2015
I read this too, reading the article the only positive is that it means that the club is in a position to offer ibrox as security means they definitely own it and not wee craig! However this means that another loan is on the way! Surely this must be the last straw, he must be stopped or his strangle hols will be complete. Call an EGM and get him off the board and let the 3 bears and king start the rebuild. Even if it means a few steps back in the long run it must be better!

Re

3.) 15 Jan 2015
Does the board actually care if anyone goes to games anymore?

Surely King or the three bears could provide the money secured against equity in the next share sale?

I hope this doesn't go through.

Im not against Ashley as outright owner but that's not possible right now due to rules. Is he trying to set himself up as major creditor to get us or the assets on the cheap that's the real question I think?

4.) 15 Jan 2015
I've always thought between Ashley and Easedale, there was some plan to strip assets and attain land for development.

Ibrox I don't think can be torn down, and to be honest, nobody in their right mind would. But the other land and assets?

5.) 16 Jan 2015
Check STV guys, Three Bearstaking legal advice over this. They have also said they only offered £5m as that was what board said was required. They are willing to increase loan to match anything The fat Geordie will offer without security over Ibrox

6.) 16 Jan 2015
I thought he was from Buckinghamshire.