You may recall that certain well-rounded young chap in the Stenography Corps did not believe that General Ashley could position his tanks at will around Ibrox.
Last June the new retail deal was trumpeted as a great victory for Mr King and Sevco.
Of course, your humble correspondent was a contrarian.
I simply didn’t swallow this high-Level narrative.
I’m told that the new retail deal was signed last June by Big Mike personally.
This is very rare on Planet Ashley.
As he signed the legally binding document he was flanked by Barry Leach and Derek Llambias.
The symbolism is strong.
In effect, he was accepting Sevco’s unconditional surrender.
It is just that the Blue Room chaps in the room with Ashley didn’t realise it.
As Mr King and Mr Murray signed for Sevco it made them personally liable for any breach of that contract.
That is why they are defendants in this current case.
The legal advice they received from a dignified conveyancing solicitor was that there was nothing to worry about.
Oh dear…
If Hummel are not feeling too good about things at the moment then I suspect that the people in JD Sports aren’t in a good place right now either.
Perhaps they thought that being a retail partner to Sevco was a good idea.
Ah well…
If Ashley wins this case at the end of the month then expect some serious penalties for breach of contract as well as legal costs being owed to Big Mike by Sevco and the two named directors.
I’m told that if Ashley is victorious then he could decide that he just wants out of the deal altogether.
If that were the case then he would want what is due to him there and then.
That could lead to ANOTHER Ashley injunction until he is paid by Sevco.
If you think that his tanks aren’t exactly where he wants them to be then you haven’t been paying attention.
I’m afraid it is adeus to Bruno Alves.
He leaves Glasgow with Celtic still in possession of the SPFL title.
You may recall that he said he wanted to prise it away from Parkhead.
The Alves experiment cost Sevco £2.6m last year.
That is not including fees to his agent to bring him to the basket of assets.
At least the veteran Portuguese defender leaves with a £750k payoff.
Well, I hope he gets paid, because Big Mike certainly will!
Dave could be facing lawyers on 3 fronts,not to mention the takeover chaps, Truly a great businessman.
Big Mike is a slick operator . An astonishingly rich operator to boot . I expect a legal ragdolling for those of a blue hue , in the not too distant future .
Smashing bit of business by Bruno , all the same . Thats a nice bit of cash to top up the retirement fund .
Keep at em , Phil
750k to do walking away, the gullabillies won’t be liking that.
As an aside, I was trying to put the pound symbol in front of the figure, but it is not an option on my mobile. You can have Euro, Dollar, Yen and some other currency symbol, but not the great british pound. Is there something we are not being told by our corporate masters. Have they already decided to consign it to history.
The GASL seems to have met his match in the clever Magic Mike and this is one guy who won’t kow-tow to the flagrant breaches of rules that old squinty is used to getting away with. It takes one to know one so MA can probably see King coming and proffer a suitable hiding. Ah canny wait. HH
Funny how the media has been doing handstands to avoid any mention of a pay off to Bruno.
Will the Italian version of the ET be splashing Bruno’s claim that he’s there to take the league crown from Juve all over it’s back pages, or not?
In my business life no contracts or agreements were ever signed without our own solicitors poring over every line and detail.
It’s what they do so how come they find themselves with Ashley’s boot firmly on their necks?
Given King’s history of litigation perhaps he’s accrued so much legal knowledge that he’s flown solo on this one, much against the wishes of Paul Murray, exit stage left.
It smacks of amateur hour and Hummel and JD Sports must be wondering what the hell’s goint on.
It’s feasible that both companies and SD may all have claims for loss of profit or costs sustained.
Those mandarin strips might not be seen for a few months yet.
And still they follow follow…..
For MASH Get SMASHED…..HH? Thanks Phil,schadenfreude topped up.
I love it when they roll out the latest bit of tripe to sign on, giving it the big un. They are quickly reminded of their place when the season gets underway.
I suspect we will be hearing from the latest batch of footballing nobodies and mercenaries about how they will be toppling us, bring it on.
The MA scandal as I’m sure it will be know by our friends in the Ibrokes Klan is a delight to behold. Long gone are the days when behaving with impunity at castle……
Oh wait, they’re still riding the crest of SG, little to they realise that when riding a crest it’s because the waters beneath are shallow and the rocks are not far away.
I can’t wait till we see what will be cobbled together from the flotsam and jetson.