jhunter 0 Posted February 3, 2016 Share Posted February 3, 2016 Now that Big Mick's tanks have retreated from the Ibrox lawn, time to re-turf. Remove every trace. £400,000 on a vanity action? A truly odious character. won't have cost him a penny as they are taking cash out of Rangers retail 0 Quote Link to post Share on other sites More sharing options...
stewarty 2,027 Posted February 3, 2016 Share Posted February 3, 2016 Now that he's on the back foot, lets announce an EGM to have his voting rights removed... 0 Quote Link to post Share on other sites More sharing options...
limeburner 0 Posted February 3, 2016 Share Posted February 3, 2016 I wonder if we can expect some positive movement in our relationship with this charlatan now or he has just decided to pick a better spot to fight? There is no relationship,there never will be now. 0 Quote Link to post Share on other sites More sharing options...
buster. 5,200 Posted February 3, 2016 Share Posted February 3, 2016 (edited) Sports Direct abandons legal case against Rangers Sports Direct has dramatically backed down from its legal battle with Rangers football club and abandoned efforts to prevent disclosure of the pair’s joint venture, which has made the Old Firm club about 4p from every pound spent in its Ibrox store. An interim gagging order was imposed last summer, blocking Rangers from publicly revealing details of its agreement with the retailer, which contains swingeing clauses and was already subject to commercial confidentiality agreements. By continuing with efforts to extend the order, Sports Direct’s founder, Mike Ashley, who owns 55% of the nationwide chain and about 9% of Rangers, faced being called to the high court to give evidence. Full article click on link below (it's worth it) http://www.theguardian.com/business/2016/feb/03/sports-direct-abandons-legal-case-against-rangers Edited February 3, 2016 by buster. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted February 3, 2016 Share Posted February 3, 2016 Good news. Was always a joke action. 0 Quote Link to post Share on other sites More sharing options...
Oleg_Mcnoleg 50 Posted February 3, 2016 Share Posted February 3, 2016 Sports Direct abandons legal case against Rangers Full article click on link below (it's worth it) http://www.theguardian.com/business/2016/feb/03/sports-direct-abandons-legal-case-against-rangers I'm sure somebody will be along to assure me this isn't as bent as it looks 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted February 3, 2016 Share Posted February 3, 2016 Sports Direct abandons legal case against Rangers Full article click on link below (it's worth it) http://www.theguardian.com/business/2016/feb/03/sports-direct-abandons-legal-case-against-rangers Surely something can be done, unbelievable seeing it written down. 0 Quote Link to post Share on other sites More sharing options...
MacK1950 2,378 Posted February 3, 2016 Share Posted February 3, 2016 Another defeat for a cash grabbing odious person only if we could now get the retail side sorted. 0 Quote Link to post Share on other sites More sharing options...
colinstein 294 Posted February 3, 2016 Share Posted February 3, 2016 I know it wasn't on here but it makes my blood boil that arseholes claiming to be Rangers supporters were denying the below, denigrating Craig Houston and claiming no one really knew as they couldn't have seen details of the agreements A Guardian analysis of the Rangers accounts suggests that the club’s joint venture with Sports Direct, Rangers Retail Ltd, has paid the Scottish championship team dividends of about £559,000 since the deal came into effect almost four years ago. During that time, the Rangers store has taken more than £13m through its tills from fans, while a previous retail deal with JJB Sports saw the club receive an initial payment of £18m, with a guaranteed minimum annual royalty of £3m. Over the same four-year period, the accounts also suggest that Sports Direct was paid three times Rangers’ dividends, totalling about £1.8m. On top of those payments, it has also earned hundreds of thousands of pounds from the joint venture for providing retailing services. Despite the difference in the amounts received by each party, Rangers owns 51% of Rangers Retail, while Sports Direct holds the remaining 49%. 0 Quote Link to post Share on other sites More sharing options...
Blue Moon 1,296 Posted February 3, 2016 Share Posted February 3, 2016 Surely somewhere in company law the directors who signed up for this are accountable. 0 Quote Link to post Share on other sites More sharing options...
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