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Breaking: Rangers serve notice on retail agreement with immediate effect


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THE Rangers Football Club Limited has today served notice on Rangers Retail Limited terminating the IP Licence and Rights Agreement with that company with immediate effect.

 

The Club now needs to speak to its commercial partners to agree the next steps flowing from the termination and will make no further comment on this matter whilst discussions are ongoing.

 

The Club will endeavour to communicate further with its supporters and customers for Rangers Kit and other Rangers products as soon as it is in a position to do so.

 

http://rangers.co.uk/news/headlines/club-statement-57/

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How can we do this?

 

What does it actually mean?

 

I always get lost with this side of it. Is this a loophole?

 

There will be paperwork showing agreements made between SD and Green. The fact that Green will be standing in a court soon facing conspiracy and fraud charges would perhaps point towards the contracts being "not for the benefit of the company".

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I'm just confused because it's terminating with Rangers Retail. Is that a specific SD vehicle? Who owns Rangers Retail - as in registered owner?

 

Rangers own 51% and SD own 49% from memory.

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