Rangers to repay £5m loan to Ashley – Dave King

via The Scotsman |

DAVE King yesterday made a dramatic U-turn at the Rangers AGM by announcing that a controversial £5 million loan was being repaid to Mike Ashley’s Sports Direct.

King had previously insisted he had no intention of doing so but he is making the move to dilute the influence of Sports Direct on the Ibrox club.

South Africa-based businessman King had wanted Rangers shareholders to pass a resolution stopping Newcastle…

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