Cutty/Young
Well-Known Member
Surely if matching a bid does nothing apart from matching the other bid and offers the same terms as the other why on earth would we go with Ashley.Apparently the matching thing isn't that uncommon in football contracts, at least the link someone posted the other day seemed to suggest that.
https://www.lawinsport.com/topics/a...ghts-from-the-sports-direct-v-rangers-fc-case
Matching Rights
With such sums at stake, suppliers will insist that protections and assurances are in place. As such, most kit licence agreements will usually contain provisions that grant them a preference, or “first right”, to negotiate a renewal of their deal either through a period of exclusivity in which to negotiate an extension or by way of a right of first refusal, otherwise known as a “matching right”, which will entitle them to match any bid that the club receives from a third party. The provision of an exclusivity period is fairly straightforward and non-contentious, the parties simply decide how long the period should last and whether any conditions need to be met to trigger it.
It seems that SD have shafted the club with how onerous the particular contract is though.
I reckon at one stage the club looked at the distrubution level Ashley had across the UK and took that into account,but we were fucked over by Green and Somers with a deal that suited Ashley rather than Rangers financially.
Any deal should be in the best interests first and foremost for the club and with Ashley being involved it is damaging our club financially,I really don't know why our solicitors are not pushing this through the courts that customers of the club don't wish to deal through Ashleys company and thus has a huge bearing on the club losing money because of his involvement.
The original deal done by Somers and Green wasn't also done in the best interests of Rangers shareholders,something that has to be done in acting on behalf of shareholders,the club nor shareholders certainly didn't come first when they done the deal with Ashley.