As previously reported here Sevco were in court action yesterday in London.
Unfortunately, legal reporter James Doleman was tied up on other business and couldn’t be in there in person.
The Press Association supplied the mainstream media with a basic report and several of them carried it.
Late last night a trusted source called me to give me some extra background.
He confirmed that the reports in the SMSM were correct apropos the fact that Lionel Persey QC, sitting as a judge in the High Court, wasn’t best pleased with the time that this case was taking up.
“I am slightly disturbed about how much of the court’s time is being taken up with these issues” stated the judge.
He also asked if the two parties had considered mediation.
I have to say that I would be very surprised if this case was settled through mediation.
Skeleton arguments were presented to the bench and these weren’t shared with the attending media.
My source stated that the judge’s displeasure might have been because he thought that the case could have been concluded yesterday.
Instead Sports Direct presented TWO new material matters for the Judge to consider.
My understanding is that General Ashley’s legal team lodged a further complaint Sevco and also one against Elite Sports.
I’m told that there were two parts to each complaint.
I believe that this is regarding the breaking of existing injunctions relating to the outstanding case.
If it was, in part, apropos the pop-up shop outside of the Louden Tavern then I wouldn’t be at all surprised.
Although that is merely speculation on my part you understand.
A date was set for January next year.
What does this mean?
Well, one of the things that we can be certain about that Sevco’s legal bill has just increased by several hundred thousand pounds.
You may recall that the judge has already awarded costs in this case to Sports Direct.
That means that Sevco has to pay their legal bill and Big Mike’s too!
Now, here is a helpful tip for any of the Stenography Corps that might be looking in:
Ask the folks at Ibrox when that £444,846.60 was actually paid.
Now, just to help you, it was due to be paid at 4.00 pm on 16 August 2019.
Was it paid on that date?
Or was it contested and finally settled a week or so ago?
Those are good questions to ask at the next Sevco presser.
You’re welcome!
For the avoidance of doubt, dear reader, I’m not legally qualified to practice law in any jurisdiction.
However, the term “breaking a High Court injunction” does sound rather serious to this layperson.
Of course, it is for the judge to decide as to whether or not such a breach has taken place.
Hi Mr. Magua…..I don’t remember the incident you referred to…. ( was the guy’s name Spike by any chance…?) but I remember the game vividly.
I went with my oldest brother (R.I.P.) and his big pal Tony.
When we got to the top at the “Sellik” end …it was mobbed…and we made our way over to the right hand side of the terracing ….about two thirds of the way down…( we watched the Leeds United game in 1970 from exactly the same place.)
It turned out to be a terrific choice as we saw our 3 first half goals from a great angle.
Big Billy powered in his header…then the Buzz Bomb did what he did….before George Connolly robbed Greig… walked round the keeper…and put the game out of sight.
We even had a long but great view of Stevie’s toe poke past big McCloy.
It got even better when their supporters started fighting among themselves and it spilled out onto the terracing.
As the late great Perry Como sang…
“Memories are made of this .”
Hail hail mate.
Don’t remember the game myself-my first cup final was in 1972-but have watched it a million times. Check out utube for extended highlights of the 4-0 gubbing. Hilarious to see dozens of Huns wearing their Sunday best being carted off to the pokey by the polis.
Memories are indeed made of times like these Mo Chara. Hail Hail
Are TIRFC investors suffering from Stockholm Syndrome? Hail Hail
So the hun loving criminals laughed at the refs decisions last week not to award us the 2 absolute certain penalties telling the ref was correct. Oh dear all of a sudden a bit of karma at Sevco and they are crying like big babies about FATSO not getting his penalty last night . That’s the difference of not having refs on your side when not playing in SPFL .
The problem for the Huns in Europe Stevie, is that referees tend to be impartial and our Bluenose friends do not like it one little bit…in actual fact, to quote Corporal Jones: ‘They do not like it up them.’ Most of those Brit loving bastards voted to withdraw from Europe…so the referees are merely doing their part, as far as Sevco is concerned. Hail Hail
So wee Coco the clown at IN is all excited about this Ross Wilson guy being ready to get brought in as DoF to take over from Mark Allen . Wee Coco has put it out there that he comes with the backing of the board and King the chisler himself with the promise of multi million pounds players in the pipeline to be signed because of this appointment oh dear . I like wee Coco over there he is always good for a laugh . He even mentioned a few weeks ago when Kent signed for 7 million quid a transfer paid in full upfront that every player at Sevco was worth 15 to 25 million pounds overnight due to the Kent signing . Then he spoke about the partnership with him and Ojo where they had played together for years at Liverpool (3games in total they played together at Liverpool youth level ) lol . Now Ojo is no longer a 15 to 25 million quid player and not worthy of the Sevco shirt oh dear . As I said wee Coco he is comedy gold .
Am I wrong in thinking the money to be rewarded to SD is the profit that was made by both parties. Plus Sevco will be fined for breach of contract they had in the small print with SD. plus the legal costs of course. So what Sevco and Elite sport present as the profit for both parties after expenses. Does SD think the figures really don’t add up! I remember reading somewhere about a case similar to this where it was argued that the lost profit alone is not a final figure as the argument of once people are in the shop they normally tend to buy other items. Should Elite sport and Sevco both produce 70/80% of sales figures from online sales then that would be a huge stumbling block in negotiations. Especially with SD knowing that there were unofficial pop up shops down ibrox way.
Either way this in really bad news for Sevco as January/February really is the worst time of the year for football clubs as all of the season revenue is gone and less folk attend games especially in January were the money is tight after Christmas. It would be a great time for SD to put in the final boot sorry bill.
Meant to say…
If these bastards fell oot a windae’ ….they’d go up the way.
It’s now January for a decision…Is Judge Persey in The Craft…??
Whit’s that aw’ aboot…??
Does anyone know…Seriously…??
Have to disagree with you for once Terencenova. If those bastards fell out of a windae it would be because they were ‘jumpin’ outa windaes, of the multi-srorey flats variety, onto spikey railings when they land’. Surely a man of your calibre must remember that old classic. I believe it dates from the time of the ’69 Cup Final. The Huns were getting talked up by the media-as usual-and the European Champions of two seasons previously humped those f*****s 4-0. One Hun in Brigton apparantly did not take the result too well, and proceeded to ‘jump outa windae’, thereby doing the local gene-pool a big favour, and the rest they say-like the Original Huns-is history. Hail Hail
Not long home from the game…soaking wet btw…!!
Very good European performance tonight.
I don’t know who got MOTM…but if Ryan Christie didnae’ get it…then there’s nae justice.
The boy was everywhere and produced some classy stuff…he had a great game.
I could get really boring and start to analyse this that and the other…but I won’t .
Overall we did the business…put them in their place…and have moved to top of the section.
Unlike another Glasgow Club I could mention….:0)
All in all…a great night…apart fae the soaking…:0)
Broony got MotM. Bit wet but a great night.
Broony was exceptional as well Mungis…but I was so impressed wi’ young Christie.
Hail hail
I wonder if the carried forward to January decision might avoid a post balance sheet note to the accounts from the auditors?
There is no figure being bandied about as to how much SDI is looking for so, though the pending court case will have to be noted in the accounts, it won’t carry half as much weight as a 7 figure potential liability.
Kingco live to fight another day. Oh how the lawyers love Dave, throwing all that lovely business in their direction.
I would contend that as the court judgement has been made – I.e.RIFC is liable
PLUS
the amount due to SDI is of a material amount, [generally accepted as in the millions],
THEN
RIFC would be obliged to include this in the Notes to the Accounts.
As the exact £ amount is – apparently – unknown at this stage, there could be a range of values and probabilities disclosed, e.g. from best case through to worst case scenarios.
Of course there could be highly entertaining discussions between RIFC and the Auditors about just what those values and probabilities should be…
Generally accepted by whom?
There is a £1 million cap in damages.
All the wishing away of the cap doesn’t make it so
Jimbo the judge has already said the cap is null in void.
Think that was around about may/June.
They have been to court do many times it getting hard to keep up
Where do you get the idea that there is a cap in damages? If that was the case, why is this still an ongoing matter? I’ll tell you why!.. Because the numbers, which I will expect that Judge Persey will ask to see, will indicate how much in terms of units sold, and profits from each unit was made, and is yet to be forecast for this financial year. For example, a replica shirt may cost £50, and the profit generated from each sale is £5, and a million shirts were sold, then there is a loss to SDIR of £5 million. Calculate the profits from replica shorts, replica socks, replica boots, replica away shirts, replica 3rd shirts, branded merchandise such as t-shirts, polo shirts, hoodies, training kit, it all starts to mount up. If the damages awarded to Sports Direct are only circa £10 million, then I’d say you got off very lightly. You can kid on that you only sold 100,000 replica shirts all you like, but you can bet that true figures will be provided from the manufacturers, the importers, the distributors, and even HMRC. If these stats all indicate that 1 million units were imported, and vat applied at the border, then that is the figure that any profits will be based upon – not the fantasy figures that Honest Dave supplies!
I get that bit about the lawyers Joseph but it is becoming a bit repetative same auld script same auld players . Mean while the SFA sit back and watch and do sweet FA . The big fix is on and the Celtic board are in on it .
I held of commenting yesterday, as I was expecting something like this.
DodgeCo, are simply robbing Peter to pay Paul, and no amount of corporate misgovernance can or will hide this fact. There maybe huge frustration on us awaiting the heralded news that Big Mike and Co are giving them a bloody nose. I would sound the word “patience” to my fellow supporters.
We have them, or indeed they’ve placed themselves back on the critical patient list and open surgery is due. Celtic both in the on and off field operations should just continue to drive the tent peg further into the ground. Complacency is our enemy not KingCo or the glacier judiciary system.
Do the “peepul” have an absolute megalomaniac running around savaging the board and their esteemed rookie when things are not working to plan. YES; yes they do, like all despot leaders, that believe they are divinely created, they get some Micheal Sheen like soldier, on a mission deep into enemy territory, evading regions of resistance, and KKKULT , to remove them from operation, we have our deep plants…….the scene on arrival will be akin to those pictures are Bear stern or Goldman on Wall St, at the end of the last crash……utter chaos and no one left.
Their Kulchur, will be shown again, Our Persistence will preserve against their resistance……
What the despot will soon realise, that, when the rookie loses another section of his dressing room, and he’s cracking up that “me n meee staff” are not getting anything more, other than enforced downsizing, and Neil Francis Lennon’s grinning face is looking back them:
There is no PR media spin for
9IAR starring down the barrel of 10.
Cup losses.
A dressing room, cracking under the pressure.
the europa league showing them up.
Uefa thumping them again for their Retro oldCO songbook.
A rookie manager, those own PR people, are beginning to tout him for the next round of vacancies in clubs with a few quid to
spend…. Terminado Gerrard.
and above all, robbing Peter to pay Paul….. will have Matthew Mark Luke and John, turning up AND they are there to COLLECT!!
F**k sake Eamon, you’re even more paranoid about those bastard than I am. Perhaps we should start a support group for paranoid Tim Malloys. Any suggestions for a name for such a group… BTW this discussion is for Tims only. I do not wish any feedback from sneaky Huns. Hail Hail
One reason this is being stretched out is the 6m share issue. There is a mantra in economics about not throwing good money in after bad. But it is often often the case that investors ignore it for “good” psychological reasons. That is King’s hope, that these people are now so invested that they will pay off this and Close.
Put yourself in the position of the Kingco investors.
You have coughed up millions to keep the show on the road.
In return you have swapped your hard earned cash for equity that has been diluted time after time.
You are asked once more to go to the well and throw more millions into the mix, millions that you will never see again even if the riches of CL Group Stage can be reached.
Failure to invest will lead to a financial meltdown with the value of your equity reduced to dust.
Between a rock and a hard place comes to mind.
Getting a bit fed up with this carry on. I get built up for them getting well and truly hammered by the courts and GASL always seems to get off the hook.Can someone give me a shout when it eventually happens ? HH
God love you.
I just don’t get the obsession, I really don’t. Rangers just have to exist now for it to eat many Celtic fans alive.
Your lot are spiralling slowly in the direction of the andromeda galaxy, where you will be sucked into a super-massive black hole, which will in turn spew you out as hot gas and dust! It’s only a matter of time, mon ami!
Meanwhile you and your ‘brethren’ supporters occupy themselves with a darker, more sinister obsession!
Tell us…. who’s soul is being eaten from within?
I’m with you on this Ian it is becoming boring now . All these court cases no outcomes Sevco live to fight another day or should that be 3 to 4 months. All those rumours last week heading for Admin 2 a possible points deduction. The chisler being told not to come back near ibrox again . And then we get the feed about King &Co with another pile of shares dished out again . Someone somewhere is telling PORKIES again.
I can’t help but think the actual end game for this will be a half way house between the cap and max reported. A £3-4mill bill that will likely come at a point where season ticket cash, europa cash comes in n then it’ll be business as usual. Has the same smell around it as the cold shoulder dramatics. Eventually it’ll get paid, just not now.
And what happens in January, kick the can down the road again? This DK gets to keep doing whatever he wants.
“I would be very surprised if this case was settled through mediation”
Would this view still pertain if the putsch against King was successful?
What I can’t get my head around is why the judge would reasonably expect there to have been a settlement. RIFC want to string out the awarding of any damages for as long as they can and they also do not want there to be a known amount that they will owe. Both these factors are critical to their being able to continue in business as it impacts paying Ashley, Close Bros and probably also getting the annual accounts signed off. No, once again King got what he wanted and thumbed his nose at the legal system!
If the judge expects that come January there will be some miraculous agreement having been reached then he is in for a surprise.
Oh, and I am not convinced that King cares about the legal costs so long as he keeps being able to buy himself time. After all, if it should happen that there is an insolvency event then any unpaid legal bills are simply another creditor to be shafted.
It does make you wonder…
if the Blue Room members didn’t have to dedicate a significant amount of their time – and a not insignificant chunk of TRFC monies – on the multitude of legal actions since King’s glorious victory in 2015…
RIFC/TRFC ‘could’ be a lot closer to being a break-even business today.
Mibbees.
If there was indeed a lack of jurisprudence I would love to see the excuses as Mr Persey was very clear on the date of said payment, to otherwise defy him would be to court (hehe) his wrath and we all know that won’t be Dave’s fault. There must be penalties (hehe) applied even if it’s just loss of interest.
I’m sure some big boy did it though as this seems to be the basis of legal arguments put forward so far.
I wonder if the skelp was aimed at a blue bottom 😃
The guy I feel most sorry for is poor old Judge Rinder!!… Stuck away on an early morning TV slot.
If this case was given to him, it could be pushed to an evening slot, where more people could tune in, and watch this clusterfuck sloooooowly unfold. Off the back of the show’s success, I’m sure a lucrative career in Hollywood would quickly follow.
Mr Rinder – you’ve missed a trick here!!
I wonder what the Endgame is for Sevco. This is the wrong arena in which to be playing for time. Time is a hugely expensive commodity where the legal system is concerned. One wonders who will bear ultimate responsibility for all this palaver. Thoughts?
Not Dave…..it’s never Dave’s fault
Indeed…