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Former Celtic striker tips Ashley for Ibrox takeover!

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Scott McDonald reckons that Mike Ashley could be about to launch a takeover bid for Sevco.

It’s unclear whether the former Celtic striker is trolling the gullible or has an insight into the financial world, McDonald is a regular pundit on Radio Scotland alongside Kenny MacIntyre, Alex Rae, Billy Dodds, Kris Boyd and Steven Thompson.

Yesterday Ashley appeared before a House of Commons committee to explain about the demise of High Street shopping then made a rare appearance on Sky Sports where his controlling interest in Newcastle was discussed.

Newcastle fans have staged long and pointless protests against Ashley who took over the club in 2007 and has run it on a strictly business basis.

In 2012 he was one of the founding fathers of the Ibrox tribute act, buying up shares for 1p alongside Charles Green and Ally McCoist, a public share issue a few months later allowed the gullible to buy up shares for 70p each!

Sports Direct set up a merchandise deal that has been challenged constantly since Dave King took charge of the club in March 2015 with the South African based criminal losing a number of expensive legal battles to Sports Direct.

Ashley sold his 9% stake in the tribute act to Club 1872 and a Hong Kong based friend of King with 27p paid for each share generating an impressive profit for the tycoon.

Last summer Ashley was paid £3m to cancel his seven year rolling contract for club merchandise with the new deal to replace that currently resulting in a stand off for the new Hummel kit.

Ashley is waiting on a payout for legal costs and damages after Sevco tried to set up a merchandise deal with a third party in breach of the 2017 deal set up with King.

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