McCoist welcomes talk of Rangers investment by Newcastle owner Ashley

News of Mike Ashley lodging a bid for Rangers has pleased manager Ally McCoist. Reported by the Daily Mail, the former striker has been speaking positively about the possibility of the Newcastle owner buying a stake in the club in what would be a step forward after a summer of falling backwards.

McCoist said: “If Mike Ashley is interested in investing in Rangers, then the fact of the matter is he looks to be a very successful businessman. It would be great to have people of that pedigree contributing to the club moving forward.

Ashley has experienced a number of highs and lows since buying Newcastle in 2007 – a range of relegation, promotion, several managers and a near miss on Champions League qualification. He seems now to have finally settled at the club after a strong season last year but could be about to venture in the Scottish Premier League as well. McCoist however does admit he has little idea about any deal

He added: “I don’t know enough about any proposed deal but I know Charles Green has been in meetings for two to three weeks now and I’m led to believe they have been successful meetings. So if we were to get a guy like (Ashley) with a proven track record on board then good.

Rangers find themselves in the Scottish Third Division after ending up in liquidation earlier this year. The club now operate under a new name – albeit a familiar one – of The Rangers Football Club Limited rather then Glasgow Rangers Football Club.

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