Early Doors

Newcastle owner paid £1 for Ibrox naming rights

Early Doors

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Ibrox Stadium (PA Sport)

Ibrox Stadium (PA Sport)

Wow, that Mike Ashley, eh. Rangers sold the naming rights for Ibrox Stadium to Newcastle and the Sports Direct owner for just £1 two years ago, it has been revealed.

The contract was reportedly struck with ex-Rangers chief executive Charles Green as part of a commercial deal that left Ashley in control of the retail department.

Ashley has a stake of around 5% in the Ibrox club and is understood to be looking to increase his shareholding. Well, why wouldn’t he when he’s picking up bargains like t-shirts out of a Sports Direct bin?

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