We have made a massive cock up.
Whether we like it or not we are getting the fat get back in 19/20.
Between ourselves and Elite millions will be paid to Cashley in damages.
It seems like the big mistake was not to totally define the word ‘manufacture’ to ensure that sports direct would not be able to ‘match’ the manufacture of the kit.
The court has clearly interpreted the word ‘wholesale’ as well as ‘retail’ as the whole manufacture, distribution, wholesale and retail process.
It also seems like the company secretary was economical with the truth in his dealings with both SD and the courts.
It also seems that we tried to pull a fast one by giving Hummel cheap naming rights as part of the kit deal in order to make it look like they were giving us much more for kit.
Whether we like it or not, this hampers our in field recovery as it means we will be less attractive to external investors.
Oh, and ill Phil, the Fake accountants, the BBC, the Mhedia and the Nats etc will be creaming themselves!!
Don’t be surprised if they want us punished financially for cheating!!