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The Scottish Football Association (SFA) has dismissed Mike Ashley's proposal to raise his stake in Rangers to a maximum 29.9 per cent.
"The Scottish FA Board convened on Tuesday, 23rd December to hear a submission from the Board of Rangers Football Club,” said a statement on the SFA website.
It added: "This meeting was arranged in respect of a request set out in an Application to Consent to an increase in MASH Holdings Limited's shareholding in Rangers International Football Club to a maximum of 29.9 per cent of the issued share capital.” As said by
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