Mike Ashley Fined £7,500 by Scottish FA for Rangers Influence

Newcastle United owner Mike Ashley has been fined £7,500 by the Scottish FA over dual ownership charges relating to his influence at Scottish Championship club Rangers.

As well as owning Newcastle, the 50-year-old Ashley also holds an 8.92 per cent stake in Rangers, and has been found to be in breach of rules relating to the holding of power at two football clubs.

The news was reported by AP's Rob Harris on Tuesday:

Such a meagre fine is unlikely to be of any significant financial impact to a man reportedly worth $4.9 billion (£3.2 billion) per Forbes magazine, as BBC Sport's John Barnes alludes to:

However, it remains to be seen how Ashley's breach of rules will affect his widely reported ambition to become even more involved at Rangers, per Roddy Forsyth in The Telegraph. 

A further charge brought on Ashley by the Scottish FA—accusing him of failing to act in the "best interests of association football"—was dropped, per BBC Sport.