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trooper

Newcastle United could be thrown out of football

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MIKE ASHLEY faces the prospect of being forced to loosen his grip on Rangers in the wake of Newcastles relegation from the Premier League.

 

The Toon will play Championship football next term after rivals Sunderland condemned them to the drop on Wednesday evening.

 

But United could find themselves kicked out of the Football League if chiefs launch a probe into his array of arrangements with Rangers and decide that they breach their stringent rules on dual interests regarding the ownership of shares and the off-field influence individuals can have on more than one club.

Ashley owns an 8.92% stake at Ibrox and controls Rangers merchandise operation through his Sports Direct empire, and his involvement with the Gers has now come under the microscope.

 

Without written consent of the Football League board, an individual cannot hold an interest in another club and Regulation 99 states: A person shall be deemed to be interested in a football club if he, whether directly or indirectly: holds or deals in (or has made any application to hold or deal in or underwrite any issue of) the securities or shares of that football club; or is a member of that football club; or is involved in any capacity whatsoever in the management or administration of that football club; or has any power whatsoever to influence the financial, commercial or business affairs or the management or administration of that football club; or has lent to, gifted money to, or purchased future receivables from or guaranteed the debts or obligations of that football club (or any other arrangement of substantially similar effect) otherwise than in the ordinary course of banking."

 

If the billionaire is found to have broken the dual interest regulations, the Football League board will order him to take such action as is necessary to rectify the breach forthwith or within such period as the Board shall determine.

 

And the consequences could be severe for Newcastle if the FL are not satisfied that there is no breach of their rulebook, with rule 105.3 stating: Without prejudice to the range of other sanctions that may be imposed in respect of such breach, any Club in breach of any of the aforesaid Regulations may with the sanction of a special resolution passed at an Annual or Extraordinary General Meeting of The League, be expelled from The League. There shall be no right of appeal against such expulsion.

 

This is from The Scottish Sunday Herald I'm surprised the national press & the ronny haven't run this this could turn out to be bigger than relegation don't forget he's got dealings with Oldham Athletic as well.

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The football league aren't going to expel a club of our size mate, it'd never happen. Ashley wouldn't let it happen, and it'd be far more likely he'd sell off his shares in Oldham/Rangers before us if he had to.

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Well done Phish marra topper posts proper lads fan I'd like to award you "twat of the week" & put you forward for "cunt of the month". Now be a good lad & fuck off to cheesy chip & blue pop land.

Edited by trooper

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50,000 would still turn up every other weekend. :razz:

 

Does make you wonder what the club would do with itself for a year if this actually happened :lol: I guess we'd be relegated straight to League One actually.

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Aye its fucking cobblers it'll never happen.

They said "the titanic would never sink" this needs looking at.

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They said "the titanic would never sink" this needs looking at.

 

Nope. Unless... 'they' is the illllermanarty. Damn. SupaTroops has cracked the Bilderberg Group wide open. Again. First NUFC, then a quick stop for ice cream, then the WORLD!!!1!!!

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He'll get a warning and made to get rid of his shares which he'll comply with by giving them to one of his kids. Of if he wants to be a huge pain in the arse to Rangers, sell them to Celtic supporters at discount.

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