Untrustworthy partners and charitable neighbours

I wrote yesterday that it would be difficult to underestimate the self-inflicted reputational damage that Sevco has suffered in this saga.

In these two paragraphs (54 & 58) Mr Justice Teare lays out in calm forensic=c terms why the current regime at Ibrox cannot be taken at their word.

 

The first and second injunctions

 

  1. Ordinarily, it would be appropriate for this Court to accept Rangers’ undertakings in the terms of the first and second injunctions sought, so rendering it unnecessary to grant those injunctions. However, I am persuaded that the circumstances of this case make it appropriate to grant the injunctions. As noted above (see paragraph 13) Rangers accepted by letter dated 26 July 2018 that it could not “now enter into an agreement with the third party that made the Third Party Offer in respect of the arrangements set out in the Third Party Offer notified to you on 12 July 2018.” It seems likely that it was in the light of that letter that Sports Direct decided not to press for the continuation of an injunction on 30 July 2018. Yet on 11 September 2018 Rangers entered into the Elite Agreement (see paragraph 16 above). That unheralded change of mind makes it just to grant the injunctions sought.

 58 Given the circumstances in which Rangers entered into the Elite Agreement, namely, without giving any notice of their intention to do so notwithstanding their letter of 26 July 2008 and with their “eyes open” I consider there to be a cogent case for a mandatory “undoing” injunction. I do not consider that any of the circumstances relied upon by Mr. Hofmeyr explain or justify Rangers’ conduct. In particular, the suggestion that the Elite Agreement was necessary to ensure that supporters could buy merchandise is hollow in circumstances where Sports Direct had offered to sell replica kit without prejudice to the dispute between the parties.

 

Oh dear…

Meanwhile, these legal bills just keep piling up for the Sevco High Command.

So much so, that it must be getting very difficult to make ends meet at the basket of assets these days.

Thankfully there is some help at hand.

This Friday Sevco will receive £371,961.26 UEFA Solidarity Contribution as a result of Celtic’s Champions League qualification last season.

I think it is very neighbourly of Celtic to provide funds to help pay the latest legal bill to land on the mat at Ibrox!

Of course, Sevco’s rich neighbour will not be able to assist when General Ashley is back in court looking for substantial damages on the back of this recent High Court ruling.

 

Nota bene.

You will have spotted the obvious typo in Paragraph 58.

Of course, the court was referring to the letter of 26 July 2018, not 2008.

In the year that the klan wrecked Manchester Sevco did not exist.

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14 thoughts on “Untrustworthy partners and charitable neighbours”

  2. I’m not sure about charitable neighbours Phil but I am sick fed up of Celtic playing utter p1sh away from home in Europe !!

    I don’t care how young the lad is but we must be ruining the bhoy Hendry’s career and confidence. He is clearly not good enough to play for Celtic yet he must have played 20 odd games this season already.

    Kouassi will NEVER make it at Celtic There is fuck all to like about the guy. He has been there a few years now and he will have been lucky to play in 3 matches in a row in that time.

    Lewis Morgan !! bang average for me and well out his depth at European level.

    We even made Tierney look sh1t tonight and that wold take some doing as the bhoy is pure class

    Sort this Desmond & Brendan

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  4. Multiple choice question, which of the following could be trusted to give you a straight answer;

    a) MBS (crown prince of Saudi Arabia)
    b) Pinocchio
    c) Donald Trump
    d) Dave King
    e) none of the above

    Reply

  5. It’s truly galling to know that that stinking cesspit of a club is benefiting from the European progress Celtic made through honest business practice and players who paid their taxes.

    Not the first time either…. I’m sure they made a rather larger fortune in season 2011/12 through their own European participation. That was definitely at Celtics expense.

    I note that the Scottish media (sporting or otherwise) are all over today’s court proceedings and reporting ‘in-depth’ to their usual degree…

    … ie. total and utter silence.

    Can you imagine the coverage if it had been say…. ohhh…, another Glasgow club that had just had its pants pulled down, forcibly bent over the dock and had the long staff of justice royally rammed up its south exit!?!

    A certain emergency toilet roll producer masquerading as a low circulation parochial rag would have a special supplement out by morning.

    And there’s no media bias!!!

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  7. Heheh – “Mr Justice” teares them a new one.

    He really has gone the extra half mile to nail Sevco squirming to the floor – it’s almost like he’s formed the opinion they’re entirely untrustworthy. XD

    As I think you noted in a previous missive, the third injunction is very rigorous in the way it’s stated: the Elite contract is now totally off the table. And it does bring up the issue of what JD’s next move is. With the existing SD situation having been covered not only by yourself but even the sten pool, it’s not credible that JD would have entered into any sales agreement without a contractual assurance that Elite / Sevco were empowered to grant them the rights. Now it turns out that this was not at all true, it wouldn’t surprise me if JD were eyeing their day in court as well.

    And with Puma and Hummel already royally pissed off, Sevco’s future merchandising options are now looking pretty desperate.

    Reply

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