£10 million in loans accepted from Sports Direct. £5 mill immediate and a further £5 mill as available credit. Secured against Club assets including Auchenhowie, but Ibrox specifically excluded. Ashley now has the right to appoint 2 directors for the duration of this facility - so he cant be ousted even at the EGM unless/until his loans are repaid? The stranglehold tightens.. //JD rangers.g3dhosting/regulatory_news_article/453
Posted on: Tue, 27 Jan 2015 08:36:21 +0000
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