Homelander
Well-Known Member
Sorry, but I cant link to the post on Facebook, so have copied and pasted
SPORTS DIRECT “NEW” COURT ACTION TURNS OUT TO BE AN AMENDMENT AND NEW FACTS ABOUT RANGERS KIT DEAL
As discussed previously on these pages, the MSM media headlines of “NEW SD ACTION” were incorrect, we can now prove it by publishing the publicly available court documents that can backup our previous claim.
These documents consist of 69 pages of the “amended” SD claim and include some very interesting unknown facts about Rangers current deal with Elite.
Buried in the document SD disclose certain terms of the Rangers/Elite agreement including “£2m-£3.4m” of guaranteed annual fee for having selling rights plus 10% of overseas sales with a min of “£100,000” per season for overseas sales. These figures seem to have been given to SD as part of a release of information to SD as part of these proceedings. This means Rangers will be guaranteed £2.1m to £3.5m per year for three years as part of this agreement. There’s not enough information available to work out how much more Rangers may be paid during the contract.
As we’ve said previously, when deciding who wins this battle, we must consider where we were with retail and where we will end up after any successful claim (if successful at all) from SD. We previously made little to nothing from strip sales and were tied to this deal for 7 years. Using these newly disclosed figures it’s guaranteed Rangers would receive £14.7m-£24.5m guaranteed plus potential bonuses over seven years even if we failed to gain increased terms for the remainder of the 7 year period.
In the contract there is a £1m cap on damages. Some have claimed this cap has been discarded by the court yet this is simply untrue. No decision on this cap has been made by the court but nonetheless, even if the cap was discarded it’s doubtful any successful claim would reach anywhere near the multi millions that Rangers can achieve with this new elite deal and any subsequent deals throughout the next seven years.
With the £1m cap in place, this may be a reason for a change of tact by SD who, in this amended charge, attempt to sue Rangers AND Elite in the hope they can extract more money from this case.
Their amended charge includes some outlandish claims of “fraud” and “conspiracy” between Rangers and Elite to sidestep SD in their attempts to get involved with Rangers kit sales and includes details of both Rangers and Elite totally ignoring attempts by SD to order kit. This appears a very strange request as Rangers fans in the majority have a self decided boycott of Sports Direct stores and the vast majority declined to buy Rangers kit from SD during the years that SD was the only outlet for replica kit. How they attempt to show a court that they’ve lost revenue by not being able to have stock during the last two years while others have been selling tops should provide interesting reading when the court hears their logic.
As many distractors wish you to believe the £1m cap has disappeared, SD have brought new proceedings and Rangers have been beat at court, let’s not get carried away and just consider two things. 1) Rangers may win this case 2) Rangers may be due money from SD
Despite the noise, let’s just see what happens next when the court next meets in Jan 2020
*the full 69 pages are in our procession but Facebook limits the amount of pictures that can be listed per post.
SPORTS DIRECT “NEW” COURT ACTION TURNS OUT TO BE AN AMENDMENT AND NEW FACTS ABOUT RANGERS KIT DEAL
As discussed previously on these pages, the MSM media headlines of “NEW SD ACTION” were incorrect, we can now prove it by publishing the publicly available court documents that can backup our previous claim.
These documents consist of 69 pages of the “amended” SD claim and include some very interesting unknown facts about Rangers current deal with Elite.
Buried in the document SD disclose certain terms of the Rangers/Elite agreement including “£2m-£3.4m” of guaranteed annual fee for having selling rights plus 10% of overseas sales with a min of “£100,000” per season for overseas sales. These figures seem to have been given to SD as part of a release of information to SD as part of these proceedings. This means Rangers will be guaranteed £2.1m to £3.5m per year for three years as part of this agreement. There’s not enough information available to work out how much more Rangers may be paid during the contract.
As we’ve said previously, when deciding who wins this battle, we must consider where we were with retail and where we will end up after any successful claim (if successful at all) from SD. We previously made little to nothing from strip sales and were tied to this deal for 7 years. Using these newly disclosed figures it’s guaranteed Rangers would receive £14.7m-£24.5m guaranteed plus potential bonuses over seven years even if we failed to gain increased terms for the remainder of the 7 year period.
In the contract there is a £1m cap on damages. Some have claimed this cap has been discarded by the court yet this is simply untrue. No decision on this cap has been made by the court but nonetheless, even if the cap was discarded it’s doubtful any successful claim would reach anywhere near the multi millions that Rangers can achieve with this new elite deal and any subsequent deals throughout the next seven years.
With the £1m cap in place, this may be a reason for a change of tact by SD who, in this amended charge, attempt to sue Rangers AND Elite in the hope they can extract more money from this case.
Their amended charge includes some outlandish claims of “fraud” and “conspiracy” between Rangers and Elite to sidestep SD in their attempts to get involved with Rangers kit sales and includes details of both Rangers and Elite totally ignoring attempts by SD to order kit. This appears a very strange request as Rangers fans in the majority have a self decided boycott of Sports Direct stores and the vast majority declined to buy Rangers kit from SD during the years that SD was the only outlet for replica kit. How they attempt to show a court that they’ve lost revenue by not being able to have stock during the last two years while others have been selling tops should provide interesting reading when the court hears their logic.
As many distractors wish you to believe the £1m cap has disappeared, SD have brought new proceedings and Rangers have been beat at court, let’s not get carried away and just consider two things. 1) Rangers may win this case 2) Rangers may be due money from SD
Despite the noise, let’s just see what happens next when the court next meets in Jan 2020
*the full 69 pages are in our procession but Facebook limits the amount of pictures that can be listed per post.