Mike Ashley allowed to continue with Rangers dispute damages claim

[ian1964 10,596]

Bosses at a company within the Sports Direct group say Rangers' directors wrongly terminated a deal through which branded products, including kits, were sold, and want damages.

 

Sports Direct and Newcastle United owner Mike Ashley have won the latest round of a High Court fight with Rangers over a merchandise deal said to result in the Glasgow football giant getting about 7p of every £1 spent.

 

Bosses at a company within the Sports Direct group say Rangers' directors wrongly terminated a deal through which branded products, including kits, were sold, and want damages.

 

Rangers' directors dispute their claim and wanted a judge to call a halt to the litigation.

 

Deputy High Court Judge Richard Millett has decided Mr Ashley should be allowed to continue with the damages claim.

 

He announced his decision in a written ruling on Friday after analysing competing arguments on whether litigation should stop at a High Court hearing in London.

 

The judge gave no date for the next hearing.

 

In May, Rangers' directors said they were going to rip up contracts held with a merchandise company, Rangers Retail, they ran with a Sports Direct firm.

 

The deal had been agreed by former chief executive Charles Green.

 

Rangers chairman David King, who took control nearly two years ago, and other directors were unhappy with the arrangement.

 

William McCormick QC, who led the Rangers' legal team, told Judge Millett supporters were also upset.

 

He said fans became angry after learning the club only got about 7p of every £1 spent and had staged a merchandise boycott.

 

Mr McCormick said fans thought Mr Ashley pocketed too much of their money.

 

He said there was a widespread view that no "self-respecting" Rangers' supporter wore a replica shirt.

[der Berliner 3,466]

You read this, and the various meltdowns of companies, massive tax frauds and whatnot and people like Ashley getting away with next to everything and being backed by law, as his highly paid business lawyers make sure of this.

 

And you remember the sniggering when people speak about "socialism" went broke trying to compete in this capitalist world in the 70s and 80s and essentially failed - more often than not not because of the failure of "the system", but the failing of man. Coupled with a lack of economical background (as you have in China). At the time (1970s/80s), we behind the Iron Curtain spoke about building the "de facto existing socialism", which was ever harder in an ever faster developing world. We all know what happened now and people over here cant help their sniggering and mock former East germany and its economics, usually beind fed with half-facts and half-truths for decades, rather than what went truly on.

 

27 years on and having experienced half of my live in both economical systems, you read the above stuff about Ashley and all the rest that goes and at times can't help but chuckle about this "de-facto existing capitalism" that is always being hailed as the best thing humankind came up with, well, at least compared to socialism.*

 

Folk like Ashley look after money and power and they will go after that no matter what and don't look back. But he's just one of many acting exactly like we back in East Germany were told in school (just once per week, BTW) that they would. Dunno what you were told in school, but you have these people for the whole of your lifes, see that behaviour time and again and probably every now voted for a party that ran propaganda about taking care of such hard-core capitalists. Well, here we are in 2017 and folk Ashley run the show and snigger at some politicians trying to curb their power or citing them to this or that governmental panel et al. Well, well ...

 

NB: Just in case, I won't go on debating ecomincal or political systems. I was really just cynically chuckling at the bestest thing there is on this planet, capitalism and its consequences.

 

*BTW, no-one in the East bar some 1950s and 60s hardliners in the Soviet Union ever claimed to live in a communist country. That is a western perspective probably invented to put these countries and their governments more leftish than their own western "socialist" parties, who, throughout the years, have shown that they are far from being "social" or "socialist" at all. At best, they are more leftish than the liberals and the conservatives ... which does not mean much.

Edited April 8, 2017 by der Berliner

[jhunter 0]

You read this, and the various meltdowns of companies, massive tax frauds and whatnot and people like Ashley getting away with next to everything and being backed by law, as his highly paid business lawyers make sure of this.

 

And you remember the sniggering when people speak about "socialism" went broke trying to compete in this capitalist world in the 70s and 80s and essentially failed - more often than not not because of the failure of "the system", but the failing of man. Coupled with a lack of economical background (as you have in China). At the time (1970s/80s), we behind the Iron Curtain spoke about building the "de facto existing socialism", which was ever harder in an ever faster developing world. We all know what happened now and people over here cant help their sniggering and mock former East germany and its economics, usually beind fed with half-facts and half-truths for decades, rather than what went truly on.

 

27 years on and having experienced half of my live in both economical systems, you read the above stuff about Ashley and all the rest that goes and at times can't help but chuckle about this "de-facto existing capitalism" that is always being hailed as the best thing humankind came up with, well, at least compared to socialism.*

 

Folk like Ashley look after money and power and they will go after that no matter what and don't look back. But he's just one of many acting exactly like we back in East Germany were told in school (just once per week, BTW) that they would. Dunno what you were told in school, but you have these people for the whole of your lifes, see that behaviour time and again and probably every now voted for a party that ran propaganda about taking care of such hard-core capitalists. Well, here we are in 2017 and folk Ashley run the show and snigger at some politicians trying to curb their power or citing them to this or that governmental panel et al. Well, well ...

 

NB: Just in case, I won't go on debating ecomincal or political systems. I was really just cynically chuckling at the bestest thing there is on this planet, capitalism and its consequences.

 

*BTW, no-one in the East bar some 1950s and 60s hardliners in the Soviet Union ever claimed to live in a communist country. That is a western perspective probably invented to put these countries and their governments more leftish than their own western "socialist" parties, who, throughout the years, have shown that they are far from being "social" or "socialist" at all. At best, they are more leftish than the liberals and the conservatives ... which does not mean much.

 

“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”

 

― Warren Buffett