Mike Ashley has failed in a court fight over a fine imposed by the Scottish Football Association over his influence at Rangers.

The businessman had sought a judicial review over the decision of the governing body to levy the £1000 sanction, claiming an error in law had been made.

MASH Holdings Limited, of which Ashley is the 100% shareholder, entered a credit facility arrangement with Rangers in October 2014.

As part of the conditions of the loan, his associate Derek Llambias was nominated and subsequently appointed as a director of Rangers International Football Club plc and its subsidiary Rangers Football Club Limited.

Ashley is forbidden under the rules of the SFA from having influence over Rangers beyond his 9% shareholding because of his majority stake in English Championship club Newcastle United.

A judicial panel ruled he had breached those rules as a result of MASH loaning Rangers money, and through the appointment of Llambias.

In his opinion, Lord Brodie agreed with the view of the SFA's compliance officer that Ashley, through MASH, had through the "very granting of the right to nominate directors in and of itself gave rise to the possibility of the petitioner influencing the affairs of two clubs".