Rangers Shareholder Mike Ashley Fails To Stop Club From Challenging Voting Rights

Scottish Championship side Rangers shareholder Mike Ashley "lost a court bid" to prevent the club from trying to block him from voting at general meetings, according to the BBC. The Rangers Int'l Football Club board "attempted last year to remove the voting rights of shareholders with an influence in another club." Ashley, who owns EPL side Newcastle, "was granted a court order to stop that vote taking place" in November. His lawyers "failed to have the order extended to cover future meetings." Judge Colin Tyre said that "it would not be legally correct to allow the request to be granted over other shareholder meetings." The judge said that "the law meant last year's ruling only applied to that particular AGM." He ruled that if Ashley's company MASH Holdings, which controls a little less than 9% of RIFC, "wanted to stop such resolutions being put before shareholders, the company would have to instigate fresh legal proceedings" (BBC, 1/27).