Does Mike Ashley make overall profit out of Newcastle FC? I mean directly from gate money, EPL payments, pie sales, tv rights., not counting merchandise sales.
If he bought The Rangers and sold NFC he would (eventually) get guaranteed European football every year. He would sell approximately the same amount of merchandise. (apparently the Ibrox deal has been worth more than the Magpies') The tv and league money would be well down but would the publicity for his brand be worth it? (I doubt it)
Is he 'still' a Newcastle fan after the fans turned on him? If not, then it matters not to him what his money making vehicle is.
It is a possibility he will take over The Rangers but a slim one, imo . (unlike him, the fat b)