Rangers repay Sports Direct loan
Thursday 24 December 2015 15:39, UK
Rangers have announced they have repaid in full the £5m loan from Sports Direct.
The club announced earlier in the year that they planned to end the loan facility, provided by Mike Ashley's company, by the end of 2015.
Ashley was handed rights to the club's trademarks and badges as part of the deal.
A brief Rangers statement read: "We are pleased to announce that payment has today been sent to Sportsdirect.com Retail Limited of the full amount of the loan facilities provided by that company to The Rangers Football Club Limited."
Repaying the loan means Dave King's board will re-assume control of club assets, also including their Murray Park training complex, and also regain majority control of their retail income.
