RANGERS launch an investigation after it emerged Mike Ashley now owns the club badges

[trublusince1982 243]

Broxibear would be no loss.

cant believe you just said that!

 

Poor Broxi what he ever do to you? did he make to shake your hand then pull his away leaving you hanging?

[Zappa 0]

Is it all crests\badges i.e. the lion rampant one, and the RFC logo on the top?

 

yes....even "follow follow" and "broxibear"

 

Are we absolutely sure there's an issue with the RFC 'scroll crest' as well?

 

The Club have switched from using the 'Ready crest' to the scroll crest in a lot of branding this season, so if there's an issue with the scroll crest too, then you'd think it must be a recent development.

[BEARGER 1,829]

@tedermeatballs: I hear RFC legal team are satisfied ownership of all badges and crests will transfer back to the club on repayment of Ashley's £5m loan.

[Ser Barristan Selmy 222]

@tedermeatballs: I hear RFC legal team are satisfied ownership of all badges and crests will transfer back to the club on repayment of Ashley's £5m loan.

We need to pay back whatever we are due him as soon as possible and sever any ties that we can.

[pete 2,499]

We need to pay back whatever we are due him as soon as possible and sever any ties that we can.

 

Not for the badges as he cannot do a lot with them but a large slice of our retail goes with it and the security on our assets. If it wasn't for losing money on the retail I would say let him wait for his dosh until the last day.

[BEARGER 1,829]

Club Statement

 

IT WILL not become custom and practice for the Board of Rangers International Football Club to respond to every outbreak of media speculation regarding this Club but because of the sensitivity of the subject at the centre of recent reporting the Directors felt a response is legitimate at this time.

 

It has been widely reported that the trademarks, the iconic symbols of our Club, are now in the possession of Sports Direct.

Although the trademarks are registered in Sports Direct's name, the position is not as alarming as it may first appear.

Let us all be absolutely clear on this matter. Rangers remain the rightful and legal owners of their trademarks and Interim Chairman Paul Murray has clarified this position with Sports Direct. In fact, both parties will come together within the next two weeks for talks.

Confusion over ownership arose last week when it was noticed on a Government Intellectual Property site that they appeared to be the possessions of Sports Direct but this was as a consequence of the loan facility entered into by the Club’s previous Board in January of this year. In return for the loan, Sports Direct took security over all Rangers assets – but not Ibrox – including intellectual property owned by the Club.

In England, it is possible to secure such rights by a fixed charge but in Scotland the equivalent of an English fixed charge (a standard security) can only be granted over heritable property - land and buildings. Intellectual Property is counted as moveable property for these purposes and Scots Law doesn't allow fixed security to be granted over moveable property.

Accordingly a practice has developed of lenders taking absolute transfers subject to a back letter setting out that the transfer is in security and the property will be returned when the facility has been repaid. This is a common device adopted by most of the UK banks and other main commercial lenders.

Rangers supporters can be reassured that Sports Direct fully accept that all of the IP rights registered in their name will be returned to the Club when the loan facility – the previous Board drew down £5m - is repaid.

[BEARGER 1,829]

@Chris_Jack89: Rangers say they 'remain the rightful & legal owners of their trademarks'. Talks will be held with Sports Direct 'within the next two weeks'

[Ser Barristan Selmy 222]

Not for the badges as he cannot do a lot with them but a large slice of our retail goes with it and the security on our assets. If it wasn't for losing money on the retail I would say let him wait for his dosh until the last day.

I see it as absolutely imperative to sever all ties with MA/SD where possible, including paying back all money. We dodged a bullet but they still hold far too much influence, and we haven't seen the last of them by any means.

Edited April 12, 2015 by Ser Barristan Selmy

[trublusince1982 243]

that all sounds good.

 

king keeps mentioning "we wont be discussing club matters publicly"(or there abouts). he can think again. transparency cannot be acheived behind closed doors. We the fans will decide when WE feel confident enough to allow the board free reign and it certainly will not be before you show us the money.

[aweebluesoandso 290]

Fair enough that's what the club says, but Ashley and Sports Direct speak with forked tongue. Until they say something along the same lines i'm not trusting them one iota.