Newcastle United owner Mike Ashley has reportedly increased his stake in Scottish giants Rangers.
The Daily Mail says Ashley may now hold the key to the power battle at Rangers after it was confirmed he has more than doubled his stake at Ibrox.
A statement to the Stock Exchange revealed French bank BNP Paribas purchased 4.26 million shares from fund managers Hargreave Hale on behalf of the Newcastle United owner earlier this week.
The £850,000 deal leaves Ashley with an 8.9 per cent stake in the club. He is currently limited to under 10 per cent via an agreement with the SFA but already has significant commercial influence at Ibrox through the retail contracts held by his Sports Direct firm. He also owns the naming rights to the stadium.
