Hearing date set for Newcastle owner Mike Ashley

Mike Ashley

Mike Ashley

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A HEARING into disciplinary charges against Rangers shareholder Mike Ashley has been set by the Scottish Football Association for March 2.

The Newcastle United owner faces two charges relating to his dual interests and a procedural hearing at Hampden has set the date for the full hearing.

A separate hearing into three charges against Rangers will be heard on March 16.

Ashley, whose grip on the Ibrox club was strengthened on Tuesday by a new loan deal, was accused on December 15 of not acting in the best interests of football and of breaching a rule relating to holding power over two clubs.

The Sports Direct founder was recently refused permission by the SFA to extend his Ibrox shareholding to almost 30 per cent, having signed an agreement that limits him to 10.

His two close business associates, Derek Llambias and Barry Leach, recently joined the Rangers board but face being voted off in a general meeting called by shareholder Dave King.