SD v RFC Judgement

Valley Bluenose

Well-Known Member
I simply can’t believe what I’m reading here .

I’m not doubting you personally but I refuse to believe it’s as bad as being suggested .
Read the judgement mate. There is not one single crumb of comfort to be taken from it. Even Goebbels would struggle to ‘spin’ anything in there as a positive for Rangers. Gutted and deflated doesn’t come close to describing it.
 
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SuperGers07

Well-Known Member
Does anyone know who Elite actually are - they just appeared and started selling kits for us. IF the appeal doesnt work do what fat man does and liquidate before he gets any cash(meaning Elite not the Club)
elite are basically a few hummel directors
 

GF1872

Active Member
Was there not something mentioned that if SD take the compo money the deals are ripped up? I don’t know enough about this but it’s a joke of a situation
 

RWL12

Well-Known Member
Ok... layman's terms here for me someone.

1. Is money to SD based on sales?
2. Is there a cap on what we give?
3. Is it based on percentage of club income, i.e. the further we progress in Europe, more money comes in, more money to Ashley?
4. What happens if SD goes under?

These may sound daft, but I don't pretend to understand it all.
 

Valley Bluenose

Well-Known Member
From where I sit, the Learned Judge has gone by the contract written between us and SDI. We all know that SDI had their placemen on Rangers at the time and they were the ones who signed this ridiculous deal. There really is nothing we can do about it until it expires except to mitigate the damage these unscrupulous individuals have caused us. We can appeal everything and wait until we are in a better monetary position before offering SDI a settlement that the fat man can accept. Unfortunately, the Learned Judge can only go by the written contract in front of him and that is his only route.
How many times? This case is about the contract the CURRENT Board signed with SDI.
 

stonewall Jackson

Well-Known Member
We did. We bought the previous contract out but agreed to some stupid terms in doing so, that our legal team clearly never understood.
Ok...we obviously didnt buy out the contract correctly then. Same outcome unfortunately for us.

Our legal advisors have a lot to answer for in this shambles.
 

Coopernumber1

Active Member
From where I sit, the Learned Judge has gone by the contract written between us and SDI. We all know that SDI had their placemen on Rangers at the time and they were the ones who signed this ridiculous deal. There really is nothing we can do about it until it expires except to mitigate the damage these unscrupulous individuals have caused us. We can appeal everything and wait until we are in a better monetary position before offering SDI a settlement that the fat man can accept. Unfortunately, the Learned Judge can only go by the written contract in front of him and that is his only route.
When does it expire ?
 

Fife flyer

Well-Known Member
Forgive me if I've got this wrong, but Elite is selling as one of Hummel's partners. I was under the impression that this deal had nothing legally to do with Rangers, so why would Rangers have to pay SDI?
Because the judge has decided that the Club were involved
 

blue genes

Well-Known Member
Utterly grim. One of the few available routes to funds for us is kits/merchandise & it once again looks to have been strangled. For financial reasons we really do need to get into the EL group stage this year.
 

Bluebrox

Well-Known Member
Its still under appeal. If raised at the agm it would be treated with arrogance. We are moving forward on the park due to the thorough professionalism of SG. I still believe the board are inept in many areas:
PR is still open season. They can’t even fix the BBC with their pathetic dossier.
Legal advice...
Fan engagement.
Building the brand.

The lauding of King on here is completely unbalanced. He has achieved a stabilisation in the football side but along he way some monumental financial screw ups. Off the field I remain unimpressed. No doubt the usual cheerleaders will allow no criticism. And given we sunk our hard earned cash into what Is now easy money for SD. We have a right to be absolutely incandescent.
Nail on head for me mate. Bang on.

Our Board should never be beyond scrutiny or be beyond any form of criticism.
 

Southsideblueblood

Well-Known Member
Last point. We the fans brought fatboy back to the table by a boycott and our inept board have completely blown that opportunity to move forward. They have let us down badly here. I won’t be buying anything till SD are gone. I can’t trust our governance one iota.
 

Jaws II

Well-Known Member
Its still under appeal. If raised at the agm it would be treated with arrogance. We are moving forward on the park due to the thorough professionalism of SG. I still believe the board are inept in many areas:
PR is still open season. They can’t even fix the BBC with their pathetic dossier.
Legal advice...
Fan engagement.
Building the brand.

The lauding of King on here is completely unbalanced. He has achieved a stabilisation in the football side but along he way some monumental financial screw ups. Off the field I remain unimpressed. No doubt the usual cheerleaders will allow no criticism. And given we sunk our hard earned cash into what Is now easy money for SD. We have a right to be absolutely incandescent.

I agree with this, the only thing we have got right in the last few years is appointing SG.
Fucked up with many previous appointments and have fucked up spectacularly in all dealing with Ashley.
 

HenningBerg

Well-Known Member
Read the judges ruling then. This is where all the information is coming from.
Surely if we are forced back into the 7 year onerous contract we will be due back the £3 million we have paid them to get out of it ?

It can’t be as bleak as some are suggesting .
 

stonewall Jackson

Well-Known Member
I know it's being appealed, but it just doesn't look great. Really can't see an end to this whole fiasco.

An update/advice from Dave king would be really helpful. Maybe not right now with the case being live, but as soon as possible.
King and the board will be silenced by SD injunction.
 

surfbear

Active Member
Official Ticketer
Really bad reading for us.
Basically our lawyers and James Blair should be fired in my opinion.
While directors look to have got it wrong, I know from experience that they will have based their decisions on internal and external legal advice including assessment of legal risks of course of action taken.
 

ca100

Well-Known Member
Its still under appeal. If raised at the agm it would be treated with arrogance. We are moving forward on the park due to the thorough professionalism of SG. I still believe the board are inept in many areas:
PR is still open season. They can’t even fix the BBC with their pathetic dossier.
Legal advice...
Fan engagement.
Building the brand.

The lauding of King on here is completely unbalanced. He has achieved a stabilisation in the football side but along he way some monumental financial screw ups. Off the field I remain unimpressed. No doubt the usual cheerleaders will allow no criticism. And given we sunk our hard earned cash into what Is now easy money for SD. We have a right to be absolutely incandescent.
We not getting sued as well for that memorial garden shambles?
 

GodStruth

Well-Known Member
Ok... layman's terms here for me someone.

1. Is money to SD based on sales?
2. Is there a cap on what we give?
3. Is it based on percentage of club income, i.e. the further we progress in Europe, more money comes in, more money to Ashley?
4. What happens if SD goes under?

These may sound daft, but I don't pretend to understand it all.
Nothing has changed - the case is under appeal and until further advised by the club we continue with Elite
 

Bigbluebear

Well-Known Member
Surely if we are forced back into the 7 year onerous contract we will be due back the £3 million we have paid them to get out of it ?

It can’t be as bleak as some are suggesting .
We aren't being forced back into that deal.

We are being told we have to allow SD to match a deal that anybody else makes with us.
 

Jelle1880

Well-Known Member
I'm afraid no other legal counsel will get us out of this, looks like that fat %^*& has done us. Airtight and nothing to bring in against.

That said, a change if lawyers might be on the cards as the current lot seem to have done %^*& all.
 

Valley Bluenose

Well-Known Member
I wonder if this is why King is back in the UK now, to try and deal with the fallout from this. He was pictured at the game on Sunday.
 

Bigbluebear

Well-Known Member
Surely if we are forced back into the 7 year onerous contract we will be due back the £3 million we have paid them to get out of it ?

It can’t be as bleak as some are suggesting .
There is no end date for the "matching" clause. It is there forever by the looks of it.
 

chilebear

Well-Known Member
It’s grim, really f*cking grim. A huge setback that the Board, I suspect, knew was coming. Will they even be allowed to comment on it I wonder?
What ever we need to pay that fat prick will still see us earning more than the penny in pound from the last deal, not ideal I know, but we can only hope the board prepared for this outcome and have a counter plan
 

Valley Bluenose

Well-Known Member
Surely if we are forced back into the 7 year onerous contract we will be due back the £3 million we have paid them to get out of it ?

It can’t be as bleak as some are suggesting .
It was a 7 year deal and I think there are 4 years left .
We appear to have swapped that 7 year deal for one that will give SDI the right to match any deal we can elicit - in perpetuity. For ever. We will probably struggle to get anyone other than SDI to even make an offer in future given this shambles, so we are, well and truly, shafted.
 

Mview83

Well-Known Member
Official Ticketer
There is no end date for the "matching" clause. It is there forever by the looks of it.
We obviously took advice that this wouldn’t hold so went with Elite and now ruling after ruling is saying they get to match whatever offer.
 

supersonic

Well-Known Member
Official Ticketer
Because we have appealed And because the injunction referred to has not yet been granted?
There is an injunction already. What I mean is this has been happening for 2 months, surely if Elite wanted to pull the pop up they would have? Except they pressed on with it.
 

supersonic

Well-Known Member
Official Ticketer
We obviously took advice that this wouldn’t hold so went with Elite and now ruling after ruling is saying they get to match whatever offer.
Looks like we were relying James Blair advice and not necessarily some external legal firm.
 
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