The billionaire businessman, who owns the Sports Direct chain amongst many brands owns seven per cent of the Ibrox club, and according to the Sunday People dreams of taking Rangers into the Champions League in the next two years.
But according to the report, the 49-year-old has no plans to offload Newcastle despite continued protests from a section of the Toon Army
Yesterday members of the Mike Ashley Out Campaign held an open-top bus protest through the city centre before the game with Manchester United – they are fed up with Ashley’s stewardship of their club, claiming he runs it as a financial exercise rather than a sporting institution.
Owning two clubs in the same competition is forbidden – which could give Ashley problems should both Toon and Rangers qualify for Europe.
Ashley knows there is money to be made from the loyal Rangers supporters, as fanatical as Newcastle’s.
For all their current financial problems, Rangers could still be a money-making machine in the right hands.