Rangers new hummel kits go on sale today

[Big Jaws 570]

1 hour ago, Frankie said:

It may remain a rolling contract until such time we attempt to buy ourselves out of it (again).

 

I'd hope Rangers clarify the above at some point today.

As I understand it the roll over only occurred if there was not offer from the market which since an offer was received from JD would satisfy that so no it wouldn't roll over.

[Frankie 8,148]

1 minute ago, Big Jaws said:

As I understand it the roll over only occurred if there was not offer from the market which since an offer was received from JD would satisfy that so no it wouldn't roll over.

I've not looked too closely at it mate because the info seems to chop and change.

 

I'm hoping the judge has banged some heads together and any new agreement is a sensible one.

[trublusince1982 243]

1 hour ago, MacK1950 said:

Issue settled for now how contract works is for future,so now it is imperative that merchandise,i.e. new strips gets onto shelves.

Remember those buying don't have to go to SDI stores so still boycott fatman's premises.

No option to buy direct from the club anymore. It's a three pillar deal he now gets control of shop and website as was offered to new partner

 

Will he stop Hummel deal? Is that possible? Since he only deals with puma?

[trublusince1982 243]

He only has to match material options of new deal.

[Big Jaws 570]

53 minutes ago, buster. said:

On the face of it, sounds like we have really f**ked this up, are now just desperate to get the shirts on sale and to do so are forced back into a deal with SDI.

 

Executive management at Ibrox has been awful at times.

At the sametime we were hiring Pedro and spending on his transfer targets,.... we were signing this agreement with SDI that has come back to bite.

 

6 minutes ago, cooponthewing said:

SD and the Fat Man have just screwed us again. The whole point of this was to extricate ourselves out of his greasy destroying clutches. We are back where we started only this time he has screwed us for fun.

 

I can’t speak for anyone else but I won’t be buying from SD. I hope all other bears follow suit.

I wouldn't go as far as to say that the executive management has been awful. What I would say is that the previous board arranged the 7p in the £1 contract with SDI/Ashely in the first place and the current executive has been slowly but surely working to extricate the club from that horrendous contract. We now have a matched contract to JD where the club is in a much stronger position financially and as has been reported legally today. We're getting there.

[BEARGER 1,829]

Bum steer.

Edited July 30, 2018 by BEARGER
Bum steer

[Big Jaws 570]

4 minutes ago, Frankie said:

I've not looked too closely at it mate because the info seems to chop and change.

 

I'm hoping the judge has banged some heads together and any new agreement is a sensible one.

Words are the trouble with legalese. By that I mean when a judge says something that appears to mean a thing in common English it doest necessarily reflect what it means from a legal stand point. So we have some of the judges words but I'd wait for the Clubs position on it and his words in writing to be absolutely clear what it entails.  

[Big Jaws 570]

22 hours ago, BEARGER said:

017, 16:15

by Rangers Football Club

2.5K179

THE Rangers Football Club Limited (TRFC) and Sports Direct (SD) are pleased to announce that they have terminated all prior agreements between them and entered into a new commercial arrangement on terms substantially different from the terminated agreements. As part of the new arrangements, the Rangers Retail Limited (RRL) joint venture between TRFC and SD has ended and, going forward, TRFC will deal directly with SD.

The negotiations between the parties have been protracted and have not been smooth. In that regard, TRFC and SD thank PUMA for its assistance and patience during a period that has been difficult for them as official kit supplier to the Club.

TRFC has also expressed its thanks to SD for its willingness to restructure the arrangements between the parties. TRFC recognises that SD entered into legal agreements with a prior board at a time in the Club’s history when the future was very uncertain. SD’s willingness to restructure the relationship reflects confidence in the way the Club is now being managed.

For obvious reasons it is not the practice for the details of commercial arrangements to be made public.  However, in view of the publicity surrounding the previous agreements and the resultant boycott by supporters of kit purchases we consider it appropriate to give supporters some insight into the new arrangements.

The new arrangements represent a fresh start for the Rangers Megastore, the relaunch of the Rangers Webstore and the sale of Rangers kit and products throughout SD’s stores.

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.

The new deal will deliver real value for TRFC and SD. Supporters now have certainty that any money they spend on Rangers products will be hugely beneficial for the Club. SD will benefit from the increased sales and from the opportunity of demonstrating the part its retail skills can play in building and commercialising the Rangers brand which was always SD’s intention.

Both parties are delighted to achieve a successful resolution to the issues that have previously marred the relationship between them and bring an end to the protracted and costly litigation.

TRFC and SD hope that the new arrangements will be long standing but there is no longer a fixed commitment on that front. We will rely on our combined commercial performance and drive to cement the relationship going forward.

Rangers has traditionally been one of the best performing brands in British football and the Club believes the new arrangements can restore it to that position, providing funds to invest in the team and facilities at Ibrox and Auchenhowie.

Thanks right on cue.

 

EDIT: previous years statement.

Edited July 31, 2018 by Big Jaws
Innacurate

[cooponthewing 1,139]

3 minutes ago, Big Jaws said:

 

I wouldn't go as far as to say that the executive management has been awful. What I would say is that the previous board arranged the 7p in the £1 contract with SDI/Ashely in the first place and the current executive has been slowly but surely working to extricate the club from that horrendous contract. We now have a matched contract to JD where the club is in a much stronger position financially and as has been reported legally today. We're getting there.

Still won’t be buying from SD so I hope other outlets have the strips on sale?

[buster. 4,808]

Just now, Big Jaws said:

 

I wouldn't go as far as to say that the executive management has been awful. What I would say is that the previous board arranged the 7p in the £1 contract with SDI/Ashely in the first place and the current executive has been slowly but surely working to extricate the club from that horrendous contract. We now have a matched contract to JD where the club is in a much stronger position financially and as has been reported legally today. We're getting there.

I'd have agreed with that had the progress been at least continuous and not signing contracts that you quickly get tripped up by in an expensive and embarrassing fashion.

 

The first six months of 2017 was pretty much awful executive management. MW, PC plus transfer budget, DoF after mgmt appt., the SDI contract 'oversight'.