The owner of Premier League team Newcastle has strengthened his position on the board of Rangers after agreeing to lend the financially stricken Scottish club 2 million pounds ($3.2 million) to pay debts. Rangers says the loan by Mike Ashley, who already owns nearly 9 percent of the club's shares, allows him to hire two directors on the board. A statement released at the same time Monday says Graham Wallace has resigned as chief executive of Rangers, with British media reporting that Ashley had
Monday, 27 October 2014
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