As the controversial sports retailing tycoon, Ashley, looks set to part from the Magpies in the near future, the social media rumour mill has been running wild as speculation grows that Ashley might be gearing up to take over the Ibrox club from the hands of Dave King.

As the controversial sports retailing tycoon, Ashley, looks set to part from the Magpies in the near future, the social media rumour mill has been running wild as speculation grows that Ashley might be gearing up to take over the Ibrox club from the hands of Dave King.

It emerged earlier last week that current Rangers chairman, Dave King, does not have the required £11m- £12m in funds available if he is ordered by the courts to make an offer for remaining shares in the club under the 2006 Companies Act, leaving many supporters pondering what the repercussions of a potential ruling against the Rangers chairman might be. If majority shareholder, King, is required by authorities to make an offer for all remaining shares at the club then many wonder if this will pave the way for Mike Ashley to regain a significant shareholding within the club and provide the required funds necessary to support King.

Ex- Scotland striker Alan Brazil has gone on record to defend the job that Ashley has done on the business front at Newcastle, and suggested that he knows that many Rangers fans would be open to seeing the businessman return to Ibrox in some capacity.

“Rangers fans couldn’t wait to get him out the door, But I know the way things are going at Rangers at the moment they’d have him back tomorrow – the ones who are in the know.”