Former Rangers Star Shares Insights on Mike Ashley’s Involvement
Peter Lovenkrands, the former Rangers winger who became a fan favorite during his six-year stint at Ibrox, has opened up about Mike Ashley‘s recent investment in the Scottish Championship side. Speaking at the launch of Fernando Ricksen’s tribute match, Lovenkrands admitted he remains uncertain about Ashley’s long-term plans for the club but shared intriguing details about his personal experiences with the controversial businessman during their time together at Newcastle United.
Ashley, the Sports Direct magnate, acquired an 8.92% stake in Rangers, sparking mixed reactions among supporters. Some fans question his motives, while others hope his business acumen could stabilize the club. Lovenkrands, who scored 37 goals in 129 appearances for Rangers, offered a balanced perspective, emphasizing that Ashley’s true intentions remain unclear.

Lovenkrands’ Time Under Ashley at Newcastle
Having spent three-and-a-half years at Newcastle under Ashley‘s ownership, Lovenkrands provided rare insight into the billionaire’s leadership style. Contrary to his often-criticized public persona, the Danish forward described Ashley as approachable and engaged with the squad.
“He was a great guy,” Lovenkrands recalled. “I got on really well with him. He was one of those chairmen who came to socialize with the players. We had a really good time with him at Newcastle—he’d join our post-season gatherings, have a drink, and joke around. You don’t get that from many chairmen.”
This down-to-earth demeanor, according to Lovenkrands, helped foster a strong dressing-room atmosphere. He also praised Ashley and Rangers CEO Derek Llambias for their management of Newcastle, suggesting their experience could benefit Rangers.
The Big Question: What’s Next for Rangers?
Despite his positive personal experiences, Lovenkrands remained cautious about speculating on Ashley’s plans for Rangers. “I don’t know what Mike Ashley does behind the scenes,” he admitted. “That’s something the board will have to deal with. But everyone wants Rangers back where they belong—competing at the highest level.”
With ongoing financial and structural challenges at Ibrox, fans are eager for clarity. Ashley’s involvement could signal either stability or further turbulence, depending on his level of commitment.
Fernando Ricksen Tribute Match: A Moment of Unity
Lovenkrands also spoke emotionally about the upcoming tribute match for his former teammate Fernando Ricksen, who is battling Motor Neurone Disease. “Fernando was always the life of the dressing room—loud, funny, and full of energy,” he shared. “This match is about showing our support for a true warrior.”
The event, set to take place later this month, is expected to draw a massive crowd, uniting fans and former players in solidarity with Ricksen.

Final Thoughts: Hope Amid Uncertainty
While Lovenkrands’ insights don’t reveal Ashley’s exact blueprint for Rangers, they do paint a picture of a chairman who, behind the scenes, values camaraderie. Whether that translates into success for the Glasgow giants remains to be seen.
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