I had an interesting chat with my Shirebrook chap this afternoon.
He told me that General Ashley was “loaded for Bear”.
I was steered in the direction of further legal action by Big Mike on this retail saga.
Essentially the Sports Direct people are after any monies brought in by the ill-advised Sevco car boot sale.
So expect more court action this issue with Elite Sports being in the crosshairs.
In short, General Ashley is after any profit that they made through this joint venture with the basket of assets.
The likely bill is currently an unknown quantity and that is because it is not yet established how many units were shipped via the online car boot sale.
My information is that the final bill could be in seven figures.
Now, I’m told that the Elite Sports folk do have an indemnifying side letter from someone at Ibrox about any future litigation on the deal.
Insert your own jokes here.
At the same time I was talking to Mr Shirebrook it was Statement O’clock at Sevco.
This is classic King deflection to appease the Ibrox klanbase.
Of course, they will lap it up.
They always do.
Ibrox is a centre of excellence for credulity.
However, the High Court in London might not be so forgiving of this most recent outburst by the convicted criminal in Johannesburg.
For the avoidance of doubt, Mr Ashley is a billionaire and his wealth really IS off the radar.
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And once again Dave King’s big mouth leads him back in to court:
ROLLS BUILDING
COURT 7
Before MR JUSTICE TEARE
Thursday 1 November 2018
At 10:00 AM
Application Hearing
CL-2018-000631 SDI Retail Services Limited v. The Rangers Football Club Limited
It’s only a half hour hearing, so I’d guess SD are looking once more to extend their injunction. If they want a full hearing then they’ll have to wait till January.
I see Stevie G’s comments post the Dons defeat is not going down well with some of the bears.
He’s been accused of attacking the players and his threat to bring in better quality is being seen as a negative to the confidence of those currently in the dressing room.
When he opines on how football is a results based game and brutal in terms of sacking managers some bears are questioning his resolve and construe his comments as some pre resignation rant.
Bit premature on that one, perhaps when he turns to Kingco in January and finds that to increase the quality in the squad that he has to move on Tavernier and Morelos to fund the spend, then he might have a better understanding of the financial situation.
The European run has in part deflected from results domestically but losing to a poor Dons performance isn’t acceptable to the fan base no matter what.
Also Celtic’s stuttering start to the season has also came to Gerrard’s aid because if the Hoops had been firing on all cylinders from the get go then there would already be an insurmountable gap between the Glasgow teams.
With Rogic and Forrest, in particular, now turning on the style, Sinclair showing definite signs of returning to top form and Christie’s contribution helping to turn the game on Sunday, the Champions look well set to go on a run domestically that will put pressure on the teams around them.
With games coming thick and fast the strength and depth of squads is all important and with the finances available to Celtic they will be in a stronger position than the opposition.
Who would have thought it? Having financial wherewithal actually impacts on player recruitment and subsequent results!
Let’s not forget that Kingco are all in to stop 8 IAR, it’s shit or bust this season.
Already the dreams of a treble for Tavernier and his team mates is in tatters. If indeed Celtic continue in the recent domestic vein of form, thirteen goals in 3 games, then topping the league by Xmas is doable as is picking up the first trophy of the season on the 2nd December.
As past years have shown for Celtic and Rangers there’s nothing that brings more pressure if you are struggling than to look across the City and see your rivals top of the tree.
Gerrard can influence what his own team’s doing but can do nothing to prevent the opposition with a top class manager, superior funding and the full support of a boardroom that has a clear vision and not being deflected by sundry off field matters which are engulfing the Ibrox club who stagger from one court case to another.
Bluff and bluster from the deeply corrupted king,meanwhile,MASH smarts his best legal team experts in prep for the next court dates.MASH has all his tanks in a battle formation and king knows this,his retort;the same old droll and the tribute acts followers lap it up and the whole kit and kaboodle rumbles slowly on to the next court date.An exit from the Europe League and slippy G’s days are numbered,some grumblings are already appearing on the social media sites that would suggest that the number is getting smaller daily.TYVM Phil.
King is the Pied Piper of Ibrox and is leading the gullibles to the cliff edge then over, crying WATP and No Surrender till the very end.
When it all goes tits up, and the retail deal horror show and Takeover Panel business are taking it in that direction, King is clearly going to point the finger at Ashley and the Takeover Panel as the culprits.
It’s hard to comprehend that the rest of the Rangers boards, both club and company, are meekly standing by as King ploughs his way through rules and regulations as if they don’t apply to him.
Obviously his long running battle with SARS has taught him nothing.
There will be no big spend for Stevie G in the January window unless the two saleable assets, Tavernier and Morelos, are punted to fund fresh faces.
Selling his two best players won’t please Gerrard if his aim is to improve the quality of the squad rather than diminish it.
The annual audited accounts are due out next week. They should make for interesting reading.
The Pantomime season has started early at Castlegrayskull – or did it ever end from last time ?
This really is a statement to warm my cockles in the morning. A real playground accusatory “A big boy did it and ran away sir”
We..we..we were in the playground sir…(petted lip and sniffles)
We were playing magic kingdoms ah..ah..and Johnny was in charge of the fish and chip sh sh shop ah ah and he had all the fish and chips laid ou…out ah ah ah and this big boy came over and took it aw…aw…aw… all away.
We had green glass for 50p and white glass for 10p and grass for CH CH chips and doc leaves f f f for f f fish.
fffffffff…..snnnnnnrrrrrch
That’s h huh uh how it happened and uhh ihhh it’s not fair
T t t t too…. F f f f funny…. B b b b Bandito….pmsl bud HH
If Dave King’s latest statement means anything it is more likely to mean that he’s getting ready to concede behind the scenes. Maybe the auditors have signed off this year’s accounts so notihng will show up in public until next november. After all, last summer he was shouting about how he’d fought off SD and got a deal that was worth lots more than the claimed 7p in the pound. And all his online shills were ready to back that up with stories of how the club now got up to 75% of sales at the megastore (RIP). Then we learned last month in court that the super new deal had only brought a few hundred thousand into the Ibrox coffers (compare that with the £17 million of retail income in Celtic’s accounts), and today he is claiming that somehow they forgot to put any details in that contract over how and when the cash was to be paid.
And suing Elite is a great way for SD to recover its losses (as guaranteed by Rangers) withour stepping on the main retail deal between them and Rangers. Wouldn’t it be interesting if SD won their case, Elite declared bankruptcy, then SD accepted a deal that led to them becoming the owner of Elite, hence with access to all those behind the back contracts, while still having the right to recover any monies owed from Rangers.
But, but….SDI is the Official Retail Partner! https://rangers.co.uk/commercial/partnerships/