Today in the Court of Session in Edinburgh two of his arguments were thrown out and the third, and least important, was continued to a later date.
Essentially resolutions 9, 10 and 11 set out to give the Rangers Board power to issue new shares, to convert loans from wealthy fans into shares and to remove Ashley’s voting rights as he already has a considerable interest in another European club, namely Newcastle United. As this issue also involved the SFA is it likely to run and run.
By leaving the legal challenge so late, Ashley’s representatives have continued in a long campaign that suspiciously looks like an attempt to wear down the club and directors by issuing legal complaint after legal complaint - costing the club hundreds of thousands of pounds and having the threat of personal liability hanging over the directors.
This latest humiliation for Ashley is unlikely to be the last attempt to browbeat Rangers but must surely make his advisors and shareholders in Sports Direct question the sanity of allowing such an embarrassing farce to continue as it increasingly looks like ego rather than business sense is the motivating factor.