And NOW is the time for him to get his feet under the table because the club is at it's lowest level and COULD fold before next season!
Ashley has an 8% share in the club and has been in Glasgow several times in the last eight months, suggesting he has been checking on the state of play, and would it be worth bailing out.
Ashley has a staggering £2.7 billion, and his love affair with Newcastle is long gone.
First he has to find a buyer for NUFC, but he won't be dragged into a deal at Rangers if he has no sign of making a profit.
Derek Llambias has already gone through the books, and the fact Ashley increased his share in the club suggests there is a genuine interest.
Major Rangers shareholder Sandy Easdale has told BBC Scotland that the financial situation at Ibrox is "fragile".
The club's recent accounts were signed off for the next 12 months on the basis of an uplift in season ticket sales, but Easdale said indications were that sales were "slow".
Ahead of the publication of the board's business review, he urged "loyal" fans to show their support to the club.
“The club's gone into administration once... I don't think it would survive a second one”
Additionally, a senior source within Ibrox has described the League One champions as "being on a life-support machine".
Rangers Football Club plc entered administration in February 2012 and were subsequently liquidated. The club's assets were bought for £5.5m in June 2012 by a consortium led by former Sheffield United chief executive Charles Green.
Supporters have been urged not to buy season tickets by former Ibrox director Dave King, who is upset with the current board's running of the club.
He pledged to set up a bank account for fans to pay their renewal money into and act as custodian alongside former Rangers captain Richard Gough.
Easdale, speaking exclusively to BBC Scotland, admitted the situation is a precarious one.
"The club is at a crossroads at the moment and a fragile position," said the chairman of the club's football board.
"It can either go forward with a strategic view, with a long-term view, steady as she goes, or be pulled apart in other directions."
Easdale said he did not know the exact figures for season ticket renewals but admitted: "At this moment in time, ticket sales are slow."
Asked whether they would be sufficient to sustain Rangers in the short-term, the Greenock-based bus tycoon said: "We've got all the numbers. Me and chief executive Graham Wallace are confident and the board's quite confident that we'll meet those numbers."
But he added: "If you're loyal and you support the club, then come out and support the club.
"It doesn't matter who's running the club or who wants to run the club... the main thing is the loyal supporters need to come out, by a man, and stand by the club. That's what the club's been built on: loyalty."
Asked whether poor season ticket sales could increase the risk of a second administration, Easdale replied: "That's a difficult question and it's a question that I hope I don't need to answer.
"In 140 years, the club's gone into administration once. I don't think it would survive a second one. So I would ask every loyal Rangers fan - and I pick my words correctly in saying 'loyal Rangers fan' - supports the club at this time and gives it a chance."
Easdale denied he was guilty of "emotional blackmail".
He added: "We don't want to go back to the dark days of administration. Everything's a possibility and we've got to look on a positive as a board. As a board, it's business as usual. We've got to keep going forward."
Ibrox chief executive Wallace is due to release the findings of his 120-day review into the club's accounts on Friday.
Easdale said he hoped it would answer any questions fans may have.
"It answers our questions and it's a clear indication where Graham and the board want to take the club," he added.
"We're kind of tied by the Stock Exchange in what we can say. I'd love to tell the fans all, but, the PLC board is tied by rules and regulations."
Responding to Easdale's comments, the Union of Fans - a collective of Ibrox supporters groups - said the club's precarious situation was not down to a lack of loyalty from fans.
"It is down to two years of mismanagement and the squandering of huge sums of money, which Mr Easdale has been a part of for the past seven months," added a Union of Fans statement.
NEWCASTLE UNITED 2013/14
PREMIER LEAGUE
NEWCASTLE 1 SWANSEA 2 (Shola Ameobi)
Krul, Anita, Williamson, Coloccini, Dummett, Gosling (81' Armstrong), Tiote, Cisse (21' Debuchy), de Jong (40' Remy), Gouffran, Shola Ameobi
Subs: Yanga-Mbiwa, Haidara, Elliot, S Taylor
STOKE 1 NEWCASTLE 0
Krul, S Taylor (61' Yanga-Mbiwa), Williamson, Coloccini, Anita, Gosling (73' Gouffran), Tiote, Dummett, Cisse (74' Armstrong), Shola Ameobi
Subs: de Jong, Haidara, Bigirimana, Elliot
NEWCASTLE 0 MAN UTD 4
Elliot, Santon, Williamson, Coloccini, Haidara, Tiote, Gosling, Anita, de Jong (61' Ben Arfa), Gouffran (85' Shola Ameobi), Cisse
Subs: Yanga-Mbiwa, S Taylor, Dummett, Alnwick, Armstrong
SOUTHAMPTON 4 NEWCASTLE 0
Elliot, Yanga-Mbiwa (45' Santon), Williamson, Coloccini, Haidara, Anita, Tiote, Ben Arfa (45' de Jong), Sissoko (78' Dummett), Gouffran, Cisse
Subs: Gosling, Shola Ameobi, S Taylor, Alnwick
NEWCASTLE 0 EVERTON 3
Krul, Yanga-Mbiwa (75' Marveaux), Williamson, Coloccini, Dummett, Sissoko, Anita, Tiote, Gouffran (90+1' Shola Ameobi), de Jong (58' Ben Arfa), Cisse
Subs: Gosling, Haidara, Elliot, S Taylor
NEWCASTLE 1 CRYSTAL PALACE 0 (Cisse)
Krul, Yanga-Mbiwa, Williamson, Coloccini, Dummett, Sissoko (88' Marveaux), Tiote, Anita, Gouffran (76' Shola Ameobi), de Jong (59' Ben Arfa), Cisse.
Subs: Gosling, Haidara, Elliot, S Taylor.
FULHAM 1 NEWCASTLE 0
Krul, Yanga-Mbiwa, Williamson, Coloccini, Dummett, Sissoko, Tiote, Anita (81' Marveaux), Gouffran, de Jong (86' Armstrong), Cisse (71' Shola Ameobi).
Subs: Gosling, Haidara, S Taylor, Alnwick
HULL CITY 1 NEWCASTLE 4
Krul, Debuchy, Williamson, Yanga-Mbiwa, Dummett, Sissoko, Tiote, Anita, Gouffran, de Jong (90' Gosling), Remy
Subs: Cisse, Haidara, Marveaux, Shola Ameobi, S Taylor, Alnwick
NEWCASTLE 1 ASTON VILLA 0 (Remy)
Krul, Debuchy, Williamson, Coloccini, Dummett, Sissoko, Cheick Tiote (89' Gosling), Anita, Gouffran, Remy, Cisse (72' de Jong).
Subs: Yanga-Mbiwa, Haidara, Elliot, Shola Ameobi, S Taylor
NEWCASTLE 0 SPURS 4
Krul, Debuchy, Williamson, S Taylor, Santon (45' Dummett), Anita, Sissoko, Gouffran, de Jong (63' Ben Arfa), Sammy Ameobi (71' Marveaux), Cisse
Subs: Yanga-Mbiwa, Gosling, Elliot, Shola Ameobi
CHELSEA 3 NEWCASTLE 0
Krul, Debuchy (40' Yanga-Mbiwa), Williamson, S Taylor, Dummett, Anita (84' Marveaux), Santon, Ben Arfa (64' Gosling), Sissoko, Sammy Ameobi, de Jong.
Subs: Haidara, Elliot, Shola Ameobi, Armstrong
NEWCASTLE 0 SUNDERLAND 3
Krul, Debuchy, Williamson, S Taylor, Santon (64' Dummett), Anita (74' Marveaux), Tiote, Sissoko, Ben Arfa, Sammy Ameobi (45' de Jong), Shola Ameobi.
Subs: Yanga-Mbiwa, Haidara, Elliot, Armstrong
NORWICH 0 NEWCASTLE 0
Krul, Debuchy, Williamson, S Taylor, Santon, Anita, Tiote, Ben Arfa (75' Shola Ameobi), Sissoko, Sammy Ameobi (87' Haidara), Remy
Subs: Yanga-Mbiwa, Gosling, Elliot, Dummett, Armstrong
WEST HAM 1 NEWCASTLE 3 (Cabaye 2, Remy)
Krul, Yanga-Mbiwa, Williamson, S Taylor, Santon (74' Dummett), Tiote, Anita (60' Shola Ameobi), Sissoko, Cabaye, Gouffran, Remy (78' Ben Arfa)
Subs: Cisse, Haidara, Elliot, Obertan
NEWCASTLE 0 MAN CITY 2
Krul, Yanga-Mbiwa (82' Ben Arfa), Williamson, S Taylor, Santon, Anita (73' Cisse), Tiote, Sissoko, Cabaye, Gouffran (82' Haidara), Remy
Subs: Gosling, Elliot, Marveaux, Sammy Ameobi
WEST BROM 1 NEWCASTLE 0
Krul, Debuchy, Williamson, Coloccini (65' Yanga-Mbiwa), Santon, Cabaye, Tiote, Gouffran (45' Ben Arfa), Sissoko, Remy, Shola Ameobi (76' Haidara).
Subs: Anita, Cisse, Elliot, S Taylor
NEWCASTLE 0 ARSENAL 1
Krul, Debuchy, Williamson, Coloccini, Santon, Anita (74' Shola Ameobi), Tiote, Sissoko (79' Haidara), Cabaye, Gouffran (62' Ben Arfa), Remy
Subs: Cisse, Yanga-Mbiwa, Elliot, Sammy Ameobi
NEWCASTLE 5 STOKE CITY 1 (Remy 2, Gouffran, Cabaye, Cisse pen)
Krul, Debuchy, Williamson, Coloccini, Santon (61' Haidara), Anita (45' Shola Ameobi), Sissoko, Ben Arfa, Cabaye, Gouffran (72' Cisse), Remy
Subs: Yanga-Mbiwa, Elliot, Obertan, S Taylor
CRYSTAL PALACE 0 NEWCASTLE 3 (Cabaye, Gabbidon og, Ben Arfa pen)
Krul, Debuchy, Williamson, Coloccini, Santon, Anita, Tiote, Sissoko, Cabaye (79' Ben Arfa), Gouffran, Remy (75' Shola Ameobi).
Subs: Cisse, Yanga-Mbiwa, Haidara, Elliot, Obertan
NEWCASTLE 1 SOUTHAMPTON 1 (Gouffran)
Krul, Debuchy, Williamson, Coloccini, Santon (78' Haidara), Sissoko, Anita, Tiote, Gouffran (73' Ben Arfa), Shola Ameobi (61' Cisse), Remy
Subs: Yanga-Mbiwa, Elliot, Obertan, Sammy Ameobi
MAN UTD 0 NEWCASTLE 1 (Cabaye)
Krul, Debuchy (83' Yanga-Mbiwa), Williamson, Coloccini, Santon, Cabaye (78' Shola Ameobi), Tiote, Anita, Sissoko, Remy, Gouffran (57' Ben Arfa).
Subs: Cisse, Gutierrez, Elliot, Obertan
SWANSEA 3 NEWCASTLE 0
Krul, Debuchy, Williamson (77' Yanga-Mbiwa), Coloccini, Santon (56' Haidara), Sissoko, Tiote, Cabaye, Gouffran, Shola Ameobi (67' Obertan), Remy
Subs: Anita, Elliot, Sammy Ameobi, Dummett
NEWCASTLE 2 WBA 1 (Gouffran, Sissoko)
Krul, Debuchy, Williamson, Coloccini, Santon, Sissoko (90+5' Cisse), Tiote, Cabaye, Gouffran, Shola Ameobi, Remy (84' Anita)
Subs: Ben Arfa, Yanga-Mbiwa, Elliot, Obertan, Sammy Ameobi
NEWCASTLE 2 NORWICH CITY 1 (Remy, Gouffran)
Krul, Yanga-Mbiwa, Williamson, Coloccini, Santon, Sissoko, Tiote, Cabaye (68' Anita), Gouffran (83' Ben Arfa), Shola Ameobi (74' Cisse), Remy.
Subs: Haidara, Elliot, Obertan, Sammy Ameobi
TOTTENHAM 0 NEWCASTLE UTD 1 (Remy)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Santon, Sissoko, Cabaye, Tiote, Gouffran (85' Obertan), Remy (75' Cisse), Shola Ameobi (60' Anita).
Subs: Coloccini, Ben Arfa, Elliot, Sammy Ameobi
NEWCASTLE UTD 2 CHELSEA 0 (Gouffran, Remy)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Santon, Sissoko, Cabaye, Tiote (53' Anita), Gouffran (85' Obertan), Shola Ameobi (62' Cisse).
Subs: Ben Arfa, Elliot, Sammy Ameobi, Tavernier.
SUNDERLAND 2 NEWCASTLE 1 (Debuchy)
Krul, Debuchy, Williamson, Dummett, Santon, Sissoko (45' Cisse), Tiote, Cabaye, Gouffran (86' Sammy Ameobi), Ben Arfa, Remy (70' Shola Ameobi).
Subs: Anita, Haidara, Elliot, Obertan.
NEWCASTLE UTD 2 LIVERPOOL 2 (Cabaye, Dummett)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Santon, Cabaye (78' Sammy Ameobi), Tiote, Gouffran, Sissoko (45' Dummett), Remy, Ben Arfa (78' Anita).
Subs: Cisse, Elliot, Obertan, Dummett.
CARDIFF CITY 1 NEWCASTLE 2 (Remy 2)
Krul, Debuchy, Williamson, Coloccini, Santon, Tiote, Cabaye (86' Ben Arfa), Gouffran, Sissoko, Remy (71' Gutierrez), Cisse
Subs: Anita, Yanga-Mbiwa, Elliot, Sammy Ameobi, Dummett
EVERTON 3 NEWCASTLE 2 (Cabaye, Remy)
Krul, Debuchy, Yanga-Mbiwa (46' Williamson), Coloccini, Santon, Tiote, Anita (69' Cisse), Ben Arfa (46' Cabaye), Sissoko, Gouffran, Remy
Subs: Elliot, Obertan, Sammy Ameobi, Dummett
NEWCASTLE 2 HULL CITY 3 (Remy 2)
Krul, Debuchy (86' Tiote), Yanga-Mbiwa, Coloccini, Santon, Cabaye (62' Gouffran), Anita, Sissoko, Ben Arfa, Cisse (73' Marveaux), Remy
Subs: Williamson, Elliot, Sammy Ameobi, Dummett
ASTON VILLA 1 NEWCASTLE 2 (Ben Arfra, Gouffran)
Krul, Debuchy, Coloccini, Yanga-Mbiwa, Santon, Anita (74' Tiote), Cabaye (88' Sammy Ameobi), Ben Arfa, Sissoko, Remy (63' Gouffran), Cisse
Subs: Elliot, Marveaux, S Taylor, Dummett
NEWCASTLE 1 FULHAM 0 (Ben Arfa)
Krul, Debuchy, Yanga-Mbiwa, Coloccini, Santon, Ben Arfa, Sissoko, Anita 65' (Cabaye), Marveaux 74' (Remy), Shola Ameobi 65' (Gouffran), Cisse
Subs: Gosling, Elliot, Sammy Ameobi, Dummett
NEWCASTLE 0 WEST HAM 0
Krul, Debuchy, Yanga-Mbiwa, Coloccini, Santon, Ben Arfa, Sissoko, Anita, Marveaux 66' (Sammy Ameobi), Shola Ameobi, Cisse 72'
Subs: Gosling, Bigirimana, Elliot, Vuckic, Dummett
MAN CITY 4 NEWCASTLE 0
Krul, Debuchy, Coloccini, S Taylor, Yanga-Mbiwa, Sissoko, Tiote, Gouffran 45+4' (Dummett), Ben Arfa 65' (Sammy Ameobi), Gutierrez 44' (Anita), Cisse
Subs: Elliot, Marveaux, Shola Ameobi, Obertan
LEAGUE CUP
NEWCASTLE 0 MAN CITY 2 (AET)
Krul, Debuchy, Williamson, Yanga-Mbiwa, Haidara (45 Dummett, 80 Ben Arfa), Anita, Tiote, Gouffran, Sissoko, Shola Ameobi (66 Cabaye), Cisse
Subs: Remy, Elliot, Obertan, Sammy Ameobi
NEWCASTLE 2 LEEDS UTD 0 (Cisse, Gouffran)
Krul, Debuchy, Williamson, Coloccini, Dummett, Gouffran (90' Vuckic), Anita (80' Gosling), Tiote, Marveaux, Sammy Ameobi, Cisse (71' Obertan).
Subs: Ben Arfa, Yanga-Mbiwa, Bigirimana, Alnwick
MORECAMBE 0 NEWCASTLE 2 (Shola Ameobi, Sammy Ameobi)
Elliot, Debuchy, Yanga-Mbiwa, Good, Dummett, Bigirimana, Gosling, Marveaux 88' (Sissoko), Vuckic 46' (Shola Ameobi), Sammy Ameobi, Gouffran 71' (Ben Arfa)
Subs: Santon, Anita, Alnwick, Streete
FA CUP
NEWCASTLE 1 CARDIFF CITY 2 (Cisse)
Elliot, Santon, S Taylor, Yanga-Mbiwa, Haidara, Sissoko (85' Shola Ameobi), Tiote, Anita, Gouffran (63' Obertan), Ben Arfa, Cisse (85' Remy).
Subs: Williamson, Sammy Ameobi, Dummett, Alnwick