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Ashley bids to oust Rangers chief

Newcastle Utd owner Mike Ashley calls for an extraordinary meeting of Rangers in a bid to oust their chief executive.

Mike Ashley is confirmed as the buyer of 4.26m shares in Rangers International Football Club, taking his stake to almost 9%.

Rangers make new shares available to current shareholders and admit poor uptake could hinder payments to creditors.

HM Revenue and Customs announces it has applied for permission to appeal a tribunal ruling over Rangers' use of Employee Benefit Trusts.

Rangers are facing a fresh financial crisis after failing to convince city investors to sign up to a new share issue.

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