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Dave King Statement RE: Retail deal


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Nothing whatsoever to do with the OP but can I just add since it seems to be silly season that a certain well known poster on this site was refused admission when he tried to use his ticket for the Hibs match next week. Let's see if he owns up :laugh2:

 

Shocking behaviour!!....:ninja:

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Rangers warned they are unlikely to strike a compromise deal with Mike Ashley and Sports Direct

 

RANGERS were today warned they have no chance of reaching an amicable agreement with Mike Ashley and Sports Direct over their “onerous” seven-year merchandising contract.

 

An almost identical situation to Rangers exists at Newcastle United, the struggling English Premier League club which Ashley owns.

 

Toon fans are deeply unhappy with the terms of a commercial deal about which few details are known and are refusing to endorse official club merchandise in in the same high numbers as they did in the past.

 

But Michael Martin, a board member at the Newcastle United Supporters Trust and the editor of the True Faith fanzine, doubts Ashley will blink in his war with Rangers and Ibrox chairman Dave King.

 

“I desperately hope that Rangers supporters get a hold of their club and get to run it the way they want to run it,” said Martin.

 

“But I would be staggered if Rangers made any headway in changing those deals."

 

He spoke out after King issued a strongly-worded statement following a board meeting at Ibrox on Tuesday accusing Sports Direct of “poor business practices” and “corporate governance failures”.

 

King, who assumed control at the Championship club following the EGM he requisitioned back in March, also promised that the sports goods company will be “held accountable legally and financially”.

 

The previous regime at Ibrox agreed to a deal which the Rangers Supporters Trust has calculated nets the Glasgow club only 75p for every £10 which is spent.

 

That situation has led to widespread unhappiness among the Rangers support and to large numbers of disgruntled fans refusing to buy replica jerseys and official club products.

 

King and his associates have been unable to arrive at a compromise with Sports Direct – despite vowing to greatly increase the number of strips the nationwide chain of stores sells if they do – at a series of meetings since seizing power.

 

But Martin is highly doubtful Rangers will be able to negotiate with the enigmatic billionaire in the future.

 

He added: “You would think that he (Ashley) would want to keep supporters onside so they buy his products, but that is not really his character.

 

"He isn’t even interested in keeping his own shareholders at Sports Direct onside. That is his character. His policy seems to be ‘my way or the highway’.

 

“I think it will come down to whoever blinks first with the legal bills, Sports Direct or Rangers.

 

"But he has got unlimited funds to fight those actions whereas Rangers are desperate for commercial income so they can compete with Celtic again.

 

“The thing is, for the amount of money involved at Rangers, it is quite small in the scale of his fortune. This guy is making his money out of sport, but seems to hate the nature of it.”

 

Martin added: “In terms of the merchandising, Newcastle has an online deal with a company which has been set up called NUFCDirect.com.

 

"That is run from Shirebrook where Sports Direct’s headquarters are and because Newcastle United isn’t a public limited company we can’t really find out who gets what.

 

“We are shy of detail on that. The managing director, Lee Charnley, has said that it’s a great deal for Newcastle. But he would say that wouldn’t he?”

 

“We are banging our heads against a brick wall. The Newcastle United Supporters Trust is one of the few members-only fans’ groups. It is unsurprisingly banned from attending the fans’ forum with the club."

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