Sport Soccer

Monday 18 November 2019

McCoist would welcome Mike Ashley involvement in Rangers

Rangers' manager Ally McCoist
Rangers' manager Ally McCoist

Lisa Gray

Manager Ally McCoist has welcomed the possibility of Mike Ashley investing in Rangers.

Ibrox chief executive Charles Green said today that the Newcastle owner could be one of three billionaires set to invest in the club.

Rangers were consigned to liquidation over the summer, with Green's consortium then purchasing the business and assets of the Glasgow giants to form a new company.

Speaking ahead of their first Irn-Bru Third Division game at Peterhead tomorrow, McCoist said: "Of course I am [encouraged] because the one thing about Mike Ashley you would say right away is that he looks a very astute and clever businessman.

"You could argue there's not too many of them involved in football but he certainly ticks the box.

"If he can bring his expertise and some of his wealth with him to support and push the club forward, I'm absolutely delighted with that."

When asked whether Sports Direct magnate Ashley will invest in the club, Green told Sky Sports News: "Hopefully, yes."

However, the former Sheffield United chief executive refused to reveal who the other potential investors were, adding: "Talks are ongoing at the minute so it would be premature to name them."

Ashley could be a welcome presence at Ibrox despite dividing opinion at St James' Park, although Green admitted he does not expect the businessman to plough untold amounts of money into the club should he decide to invest.

"I don't think Mike needs to throw (money into the club) and that's not the model that I think is sustainable for any football club and not Rangers," Green said.

"What Mike will do, subject to all the agreements going through, is bring the might of Sports Direct and that in itself, in my mind, will bring £5-10million a year from merchandise in revenues back into the club.

"That is far, far more worthwhile than Mike individually signing a cheque because that's not the right way to run football clubs.

"It's about sustainability, it's about continuing revenues, it's about brand awareness and it's about developing the brand and doing it worldwide."

Representatives of Ashley refused to comment on the matter.

Meanwhile, McCoist confirmed Rangers' pursuit of Craig Beattie is over but refuted claims by the former Hearts and Celtic striker that himself and Green "were not on the same wavelength" over the player`s potential move.

McCoist said: "The Craig Beattie deal is dead.

"Craig trained a few days with us and looked fine, he is fit again, and just wants to get back playing.

"We wish him well. I know he has one or two other offers, a couple of SPL clubs and maybe a couple of offers down south.

"We just decided to go in another direction.

"Charles and I are on the same wavelength.

"I can understand Craig`s disappointment but we wish him nothing other than the best in the future and I`m sure he`ll go on and do well."

The Left Wing: Champions Cup preview, the World Cup hangover and Joe Schmidt's next team

Editor's Choice

Also in Sport