boabie 230 Posted June 21, 2017 Share Posted June 21, 2017 " DONE DEAL Rangers strike deal with Mike Ashley’s Sports Direct after ripping up seven year deal allowing fans to buy strips Ashley's company have had a tight grip on the club's retail, which sees Gers earn next to nothing from shirt sales. " https://www.thescottishsun.co.uk/sport/football/1179188/rangers-strike-deal-with-mike-ashleys-sports-direct-after-ripping-up-seven-year-deal-allowing-fans-to-buy-strips/ 0 Quote Link to post Share on other sites More sharing options...
JFK-1 1,677 Posted June 21, 2017 Share Posted June 21, 2017 The financial arrangements between the parties are transformed. TRFC will now receive by far the majority of net profits from the retail operations at the Megastore and Webstore together with an equal share of all net profits from sales through SD. TRFC will also obtain a priority dividend on the winding up of RRL. MORE: https://rangers.co.uk/news/headlines/club-statement-77/ 0 Quote Link to post Share on other sites More sharing options...
trublusince1982 243 Posted June 21, 2017 Share Posted June 21, 2017 MORE: https://rangers.co.uk/news/headlines/club-statement-77/ If we still cover the majority of the costs and therefore the risk at volumes prescribed by SD with us paying full price for surplus then having the majority of the profits is still a poor deal. It tells us nothing really. Can the action against DK where he is to offer the money for shares be dropped at SD and the other affiliated groups request? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,354 Posted June 21, 2017 Share Posted June 21, 2017 Lots of words to say very little. Until percentages are released or leaked personally I will continue to touch zero while SD are present. Boards before have told us it's a great deal and it's turned out to be poor. Tell me how much of the profit from SD sales and how much from our own sales we get and I will decide for myself whether it's good enough or not. The rumour is 75:25 from the retail operations at the Megastore and Webstore and 50:50 from sales through SD. We don't know what the industry standard is and we don't know how net profits are calculated, so we either trust the current board's assessment of it or we don't. We aren't going to get more information and even if we do, it's unlikely we would be able to analyse it properly. Previous boards told us the JJB deal was great and it was. This deal is a step forward and will get more cash into the club, which we need. It's not perfect but at least we don't have the 7 year deal hanging over us and we can move forward on a commercial footing. 0 Quote Link to post Share on other sites More sharing options...
alexscottislegend 2,090 Posted June 21, 2017 Share Posted June 21, 2017 I still wouldn't want SD getting even one penny. 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted June 21, 2017 Share Posted June 21, 2017 Statement on Retail Deal Dear member, Club 1872 welcomes the announcement by Rangers that the long running dispute with Sports Direct is at an end and that a favourable deal has been secured which will see Rangers’ retail operations once again benefit the club. This announcement – coupled with a number of new players and a Director of Football arriving at the club – shows the great strides being made by Dave King and the Rangers board. We commend them for that progress and for matching the commitment shown by supporters who have once again backed the club with record season ticket sales. Prior to the formation of Club 1872, several fan organisations were at the forefront of a supporter campaign to boycott retail operations due to the unfavourable deal entered into with Sports Direct by the Charles Green regime. That campaign was not entered into lightly and it has been extremely difficult for such a large number of our supporters not to feel able to wear the Rangers jersey during that time. We hope and anticipate that with the resolution of this matter we will see the Rangers jersey once again become a symbol of pride and support for our club. We appreciate that some supporters may still be reluctant to end their boycott of the retail operation due to the ongoing involvement of Sport Direct. We would like to inform those supporters that we have been reassured by the Rangers executive team and board that this deal does represent good value to Rangers. Club 1872 is entirely satisfied that supporters can once again meaningfully contribute to Rangers success through the purchase of replica kits and other items. As has previously been the case we would recommend that, where possible, supporters purchase items from the Rangers Megastore or direct from Rangers’ online platforms. As the official statement from Rangers and Sports Direct makes clear, purchases from these outlets are the most profitable to the club. As we look forward to the new season, Club 1872 would like to thank our members for their continued support and would ask that other Rangers supporters consider joining Club 1872 to assist with the process of taking our great football club back to the pinnacle of Scottish and European football. Club 1872 0 Quote Link to post Share on other sites More sharing options...
trublusince1982 243 Posted June 21, 2017 Share Posted June 21, 2017 The rumour is 75:25 from the retail operations at the Megastore and Webstore and 50:50 from sales through SD. We don't know what the industry standard is and we don't know how net profits are calculated, so we either trust the current board's assessment of it or we don't. We aren't going to get more information and even if we do, it's unlikely we would be able to analyse it properly. Previous boards told us the JJB deal was great and it was. This deal is a step forward and will get more cash into the club, which we need. It's not perfect but at least we don't have the 7 year deal hanging over us and we can move forward on a commercial footing. the profit percentage is irrelevant if we still have to pay sports direct full retail price for surplus. Especially when they dictate manufacturing levels. The whole profit will easily be wiped out if SD over order by mistake or on purpose. The most important update to the deal has always been the removal of us covering retail price for surplus and SD dictating stock levels at their whim 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,354 Posted June 21, 2017 Share Posted June 21, 2017 I still wouldn't want SD getting even one penny. Agreed, but if the alternative is waiting another 6 years to get out from under the old deal then it's best to suck it up for the next 12 months. It'll be interesting to see what happens after that. Will the board walk away, or will SD still offer the best option financially, even if it sticks in our throats? 0 Quote Link to post Share on other sites More sharing options...
BEARGER 1,829 Posted June 21, 2017 Share Posted June 21, 2017 I still wouldn't want SD getting even one penny. There will be plenty others thinking that way, but it's only for one year. After a year we can get rid of SD, I presume? 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,354 Posted June 21, 2017 Share Posted June 21, 2017 the profit percentage is irrelevant if we still have to pay sports direct full retail price for surplus. Especially when they dictate manufacturing levels. The whole profit will easily be wiped out if SD over order by mistake or on purpose. The most important update to the deal has always been the removal of us covering retail price for surplus and SD dictating stock levels at their whim Given the old deal was ripped up, you would have to think that the surplus issue has disappeared. Perhaps a big assumption, but I can't see the current board allowing themselves to be caught by that. However it's a reasonable concern, but it's unlikely that level of detail will be highlighted, particularly if it's not done through RRL. 0 Quote Link to post Share on other sites More sharing options...
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