According to a quote from the Sunday (We arra) People posted on the fantastic RangurzMeeja he can...
"Newcastle United owner Ashley is ready to make another move for the Glasgow side, a purchase that would see him finally take control of his long-time target...
...The source said: “The current situation is unacceptable – Mike knows that. Rangers are set to finish behind Aberdeen and are more than 30 points behind Celtic.
“He is prepared to invest but he will not work with the current owner, who he feels has done little for the club in the past two years.”
This will not, however, affect his running of Newcastle — set to win promotion back to the Premier League at the first time of asking — as there are no regulations to prohibit the ownership of two clubs operating under different national associations."