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POLICE searched billionaire Mike Ashley’s Sports Direct headquarters in Derbyshire yesterday as part of their ongoing investigation relating to Rangers.
The Newcastle United owner has close to a 9 per cent stake in the Ibrox club, and Sports Direct controls their retail operations.
In a statement, Sports Direct said that the company had co-operated with the police and that their enquiries weren’t directed at the firm itself.
Sports Direct’s merchandising deal with Rangers began in 2012 and Ashley also acquired the naming rights to Ibrox Stadium.
Ashley’s involvement began after Charles Green’s consortium took control at Ibrox in June 2012, after which the Glasgow club re-emerged in the bottom tier of Scottish football.
Previous owner Craig Whyte was arrested with four others last year in the ongoing police investigation into his acquisition of the club from Sir David Murray in May 2011. The club went into administration in February the following year.
Whyte was released on bail on November 28 after being charged with fraud.
