Rangers being sued for £9.5m by Elite Sports (Hummel brand partner in UK)

[tazzabear]

Surely wait for the outcome of the case before filling your nappy ?

Agreed but our legal team don’t exactly have a history that’d give you confidence.

 

[Coplandbear]

I’m actually glad Bennet came out with that.

It sums up the absolute chasm that exists between our board and reality.

Nearly as embarrassing as Parks gushing praise of our football department in the annual accounts, written about 3 weeks before he sacked the manager.

This has all been building since the day 55 was clinched job done pat on the backs sit back ... and that's where it's went wrong.

The board really are so out of touch with the fanbase and it's been %^*& up after %^*& up aye they'll hide behind the financial results at the AGM but what's been allowed to happen under there watch is unforgivable we are a 24/7 laughing stock again.

 

[JediKnight]

Basically the Europa league run money and transfers out have been used to pay these cnuts off.
Annoyed as fcuk about this latest %^*& up.

 

[Liviger1984]

This board?

This and the last board. Take your pick

 

[Coplandbear]

Basically the Europa league run money and transfers out have been used to pay these cnuts off.
Annoyed as fcuk about this latest %^*& up.

Which means our summer rebuild potentially will be done heavily on the cheap.

 

[Brian11Laudrup]

This board?

Yes, this board unless we’re forgetting the Oz friendly fiasco which we’re still to find out how much that’s going to cost us.

Parks son has also been involved for several years when some of these decisions were taken IIRC

 

[Gazzabear v2.0]

This is still fall out from fat man. We tried and failed to go down a different route to break his hold. It eventually happened, but this can all be traced back to the spivs and Ashley's place men. Boards since haven't covered themselves in legal glory, but it is what it is. We haven't lost this one yet...

 

[RangersEasyOK!]

So not the current Chairman in charge - but Dave King.

Park was a board member so equally as culpable.

 

[Coatbridge Chancellor]

I've edited thread title to make it clearer.

 

[Burgh-Ger]

Basically the Europa league run money and transfers out have been used to pay these cnuts off.
Annoyed as fcuk about this latest %^*& up.

In relation to this case, we have not paid anything (other than costs potentially)

 

[Der Berliner]

Agreed but our legal team don’t exactly have a history that’d give you confidence.

As opposed to chaps who manage to get maliciously arrested and then grab 70odd million from the taxpayer ...

 

[Kenny Senior]

Starting to think, and correct me if I'm wrong here, that James Blair guy is a bit of an idiot.

 

[Deleted member 3807]

As I understood it the contract we had with Elite/Hummel was dissolved by the judge during our court battle with Sports Direct.
How can we be accused of not performing a contract that was dissolved by a judge?

 

[Coop1872]

Anyone else think we made a big mistake when we changed our whole retail operation in 2006 when we signed it over to JJB Sports?

 

[Spiderman]

We must be the only club who merchandise costs rather than earns them tens of millions of pounds.

 

[RJ RFC X2]

This is unbelievable just one thing after another!

 

[RFC_Champions]

This is getting beyond a joke. I sincerely hope we go after every single idiot that helped lay out these deals.

Like our current board members? The Hummel/elite thing started and “ended” under their watch.

There’s no “legacy” issues related to that. This one is 100% on them.

 

[SuperAllyWATP]

As I understood it the contract we had with Elite/Hummel was dissolved by the judge during our court battle with Sports Direct.
How can we be accused of not performing a contract that was dissolved by a judge?

Exactly, I thought this was all over months ago, am I being naive here? Cause I don’t see how they could try sue us..

 

[The Predator]

What a time to be alive

 

[Jelle1880]

Like our current board members? The Hummel/elite thing started and “ended” under their watch.

There’s no “legacy” issues related to that. This one is 100% on them.

Then they need to be chased.

 

[The Director]

Starting to think, and correct me if I'm wrong here, that James Blair guy is a bit of an idiot.

I really don’t like the guy.

 

[vicbex]

We'd be better not selling kits. It seems to be costing us more than we're making.

 

[nasalsinatra]

That means the ring fenced money for Tillman and Sands is away then.

That’s a bonus!

 

[CaptainCourageous]

Which means our summer rebuild potentially will be done heavily on the cheap.

It would have been done on the cheap no matter what.

 

[Fife flyer]

Like our current board members? The Hummel/elite thing started and “ended” under their watch.

There’s no “legacy” issues related to that. This one is 100% on them.

I don’t think that’s entirely true The Hummel/ Elite deal had to be framed in a way to try to get us out of the Sports Direct deal

 

[CooperSF]

Get them out, Sharon!

 

[EndOfDays]

Who exactly gives legal advice to the Rangers board The three stooges?

Guaranteed the minute we hand out yet another pile of cash to this mob something else will come along and we'll be back here again inside two years.

This is exactly why this board needs to stand down they are utterly out of their depth trying to run a football club.

Sydney is in the post.

 

[thefortytwa]

When we gave colin stewart corners to manage did we give him legal aswell, absolute circus this.

 

[Super-Swally]

This is a joke. The off field drama is never ending.

Interesting to see if Rangers argument will hold up that Elite (Hummel) and Castore are completely different business models and not possible for Hummel to simply look at a slaws ledger and demand comp.

Either way, F*ck Hummel!

 

[Deleted member 3807]

Exactly, I thought this was all over months ago, am I being naive here? Cause I don’t see how they could try sue us..

F*ck knows mate.
Any compensation owed to Sports Direct we were led to believe was capped at 1m by our contract. However, the fat c*nt walked off with 8m.
Now Elite are suing for 9.5m which covers their losses up to 2023. If I remember correctly our contract with them was only for 3 years!
We desperately need lawyers that know what they are doing.

 

[BobbyShearer55-65]

Batter in cuntos.

The Sun?

Ffs. Must be true.

It's 100% true.

This was always in thre pipeline - today was just the day when the shit hit the fan.

We were under contract to SD and some geniuses thought we could simply walk away from those contractural obligations without any form of recourse from SD - we couldn't and it cost us millions in damages / compensation.

At the same time, we entered into a second contract with Elite / Hummel and were unable to fulfill those obligations (due to still being under contract to SD). This in turn, led to us being sued by Elite / Hummel for breach of contract and we now face having to pay them tens of millions in compensation / damages.

It's quite stunning, that someone somewhere, believed we could renege on TWO merchandising contracts and could simply walk away from both without serious ramifications, recompense or negative impact.

Sterling work Rangers - gross mismanagement on a gargantuan scale.

 

[sir_walter_smith]

As I understood it the contract we had with Elite/Hummel was dissolved by the judge during our court battle with Sports Direct.
How can we be accused of not performing a contract that was dissolved by a judge?

Because we were at fault in entering into it in the first place (probably).

 

[Andrew webb]

They had to find a way out of the constraints of Ashley. This is maybe just what it costs. Hopefully this is the last of the legacy issues.

Just paid over 8 million plus to Ashley according to our accounts

 

[Ferrybear73]

Apparently Southampton and Millwall have severed their links to Elite i.e. Hummel. They are going bankrupt.

They are desperate and this is the last through of the dice.

 

[BoyInRoyalBlue]

It's 100% true.

This was always in thre pipeline - today was just the day when the shit hit the fan.

We were under contract to SD and some geniuses thought we could simply walk away from those contractural obligations without any form of recourse from SD - we couldn't and it cost us millions in damages / compensation.

At the same time, we entered into a second contract with Elite / Hummel and were unable to fulfill those obligations (due to still being under contract to SD). This in turn, led to us being sued by Elite / Hummel for breach of contract and we now face having to pay them tens of millions in compensation / damages.

It's quite stunning, that someone somewhere, believed we could renege on TWO merchandising contracts and could simply walk away from both without serious ramifications, recompense or negative impact.

Sterling work Rangers - gross mismanagement on a gargantuan scale.

Tens of millions?

Had a few excitement pills have we.

 

[Thommo2006]

Elite are going bankrupt they are chancing their arm.

 

[wsb&warmy]

True or not, I'd rather stories like this surfaced before the AGM, rather than afterwards.

Hopefully the board set the record straight (well as much as is legally possible) on this topic, as well as a few others, on the 6th December.

The Club really should make this year's AGM a PPV event for non attendees. The money we'd make might just pay off Hummel.

 

[BoyInRoyalBlue]

Anyone else think we made a big mistake when we changed our whole retail operation in 2006 when we signed it over to JJB Sports?

Nothing to do with it.

The JJB deal was actually a fantastic deal for the business as a whole.

The issues started when Ashley became involved and his men entered us into all sorts of contracts weighted in his favour.

 

[Deleted member 3807]

It's 100% true.

This was always in thre pipeline - today was just the day when the shit hit the fan.

We were under contract to SD and some geniuses thought we could simply walk away from those contractural obligations without any form of recourse from SD - we couldn't and it cost us millions in damages / compensation.

At the same time, we entered into a second contract with Elite / Hummel and were unable to fulfill those obligations (due to still being under contract to SD). This in turn, led to us being sued by Elite / Hummel for breach of contract and we now face having to pay them tens of millions in compensation / damages.

It's quite stunning, that someone somewhere, believed we could renege on TWO merchandising contracts and could simply walk away from both without serious ramifications, recompense or negative impact.

Sterling work Rangers - gross mismanagement on a gargantuan scale.

So we didn't have the capacity to contract with Elite. It was on those grounds a judge ordered us to stop performing the Elite contract. This should mean a legally binding contract never existed between Elite and Rangers. I f*cking hope so anyway.

 

[Kentbear]

The Sun…pinch of salt reading!

The sub-headline says “sued for £9.5m” whilst the quoted text at the end of the article states that they are suing us for lost profit on earnings. There’s a very fūcking big difference between the two and it’s yet again lazy reporting from that toilet paper.

I thought they owed us money, so hopefully it’ll get settled ‘neutrally!’

And despite what some think, Dave King is the only astute businessman I’d trust to wangle us out of this mess in court, as I certainly don’t trust any of the current clowns on the Board.

So it is the profit on 10m of potential sales which might be 1 or 2 million, am i reading that correctly?

 

[sir_walter_smith]

It's 100% true.

This was always in thre pipeline - today was just the day when the shit hit the fan.

We were under contract to SD and some geniuses thought we could simply walk away from those contractural obligations without any form of recourse from SD - we couldn't and it cost us millions in damages / compensation.

At the same time, we entered into a second contract with Elite / Hummel and were unable to fulfill those obligations (due to still being under contract to SD). This in turn, led to us being sued by Elite / Hummel for breach of contract and we now face having to pay them tens of millions in compensation / damages.

It's quite stunning, that someone somewhere, believed we could renege on TWO merchandising contracts and could simply walk away from both without serious ramifications, recompense or negative impact.

Sterling work Rangers - gross mismanagement on a gargantuan scale.

We need change.

 

[Andrew webb]

A judge ordered the contract torn up because we had no right entering into it. Now they want it honoured money wise.

If judge ordered us to tear contract up surely the ruling today has made a mistake ?

 

[BobbyShearer55-65]

Tens of millions?

Had a few excitement pills have we.

That should have read 'many millions'.

 

[Wolfie]

We will lose. We won’t go after anyone involved in the signing of these ‘deals’. Again we’ve been f ucked!

 

[Highlanderger]

They have a cheek asking for loans to be paid back with interest after costing millions in poor decisions . Wouldnt need as much in loans if they were capable of doing good buisness.

 

[sir_walter_smith]

So we didn't have the capacity to contract with Elite. It was on those grounds a judge ordered us to stop performing the Elite contract. This should mean a legally binding contract never existed between Elite and Rangers. I f*cking hope so anyway.

Would still likely lead to a damages claim for losses incurred due to entering into the contract.

 

[Eddie Doc]

If judge ordered us to tear contract up surely the ruling today has made a mistake ?

No. We shouldn't have entered into it in the first place, they have a case.

 

[AC_55]

No. We shouldn't have entered into in the first place, they have a case.

Correct, all stems from that matching clause that someone chose to ignore. Not sure if we'll realistically be liable for full 9.5m but will be a fair chunk of that.

 

[Anoldranger]

Some first class lawyers on here Rangers need look no further

 

[Eddie Doc]

Correct, all stems from that matching clause that someone chose to ignore. Not sure if we'll realistically be liable for full 9.5m but will be a fair chunk of that.

I can definitely see something being awarded given that the judge has ordered us to release the Castore numbers. Hopefully not too bad.