Sevco win another make believe victory over Big Mike?

Today there was an outpouring of tragic stupidity from the Ibrox klanbase.

Just like in 2017 the Sevco High Command had achieved total victory over General Ashley.

Three years ago, your humble correspondent stated that the devil would be in the retail and so it proved to be.

Of course, the Daily Radar was happy to regurgitate klan klikbait with zero journalistic scrutiny.

I’m sure that it will go down well with their dignified goldfish demographic.

However, the rest of us are being asked to believe that Big Mike has Done Walking Away from a cast-iron contract.

Moreover, one that has been upheld in the High Court in London.

When I put this to my Shirebrook guy this afternoon, he just laughed like a drain.

It is worth remembering that the Judge in the litigation has already awarded Sports Direct their legal costs.

In short, Ashley has won his case, and it is just the final bill that has to be decided.

All that is in the public realm, but it appears to have slipped off the radar among the Stenography Corps.

Big Mike is looking at a pay-out of between £6m-£10m plus costs.

Indeed, it would be very generous of him to give that up in the current economic climate.

To entirely swallow this Sevco moonbeam, you also have to accept the possibility that Hummel/Elite have abandoned the third year of an equally binding contract.

My own information is that those chaps are poised to sue Sevco for that particular own goal from the Conveyancing Consigliere.

As regular readers will know, I had stated that no major kit supplier would go near Sevco because of these interconnected litigations.

For the avoidance of doubt, the putative deal with Castore would underline the veracity of my earlier reporting.

They are a small outfit with little infrastructure to handle any major volume.

By way of comparison, Celtic’s baseline payment from Adidas for one year of the new deal is £11m.

That is more than what Castore recently raised in finance to assist their expansion.

Bottom line, small scale stuff.

Therefore, they are perfect for Espanyol Glasgow.

36 thoughts on “Sevco win another make believe victory over Big Mike?”

  1. Sevco are saying that Sports Direct was offered matching rights but they were not able to match the Castore terms. It looks odd to me that a giant company like SD could not beat Castore on commercial terms on a level playing field. I do hope Sevco hasn’t;t done a side deal to allow Castore to make an unmatchable offer that is partly funded by Sevco themselves…

    Reply
  2. I thought Neil Doncaster spoke well, clearly and logically. A number of points on the program Sportsround

    He explained the difference between a loan and an advance.
    He explained why forward paying monies due based on league positions was not feasible.
    He is understandably irked by the allegations made by Sevco which are as of yet unsubstantiated.
    The host of the program clearly had an agenda and couldn’t accept Doncaster debunking his theories.
    Doncaster dismantled Tom English’s assertion of a loan made in 2016 based on what Ann Budge had told him.
    English then caused his own intelligence to be questioned based on not understanding that their is a difference between a loan and an advance.
    Mickey Stewart didn’t quite grasp why paying out advance payments now was not feasible as the league is technically still live and while live league positions can change.
    Credit to Stewart for having the cojones to call out Sevco’s despicable behaviour in all of this.
    If by some miracle Sevco have substantial evidence it still won’t absolve them of behaving abominably in all this.
    I can appreciate that two people can listen to the same audio and come away with different conclusions but truly the contributors to FF are truly deluded. KDS contributions to the media post accurately reflect what I heard which was English being handed his arse on a plate.

    Reply
  3. English writes a peice on Tommy Wright. he says while wright stayed firm at St. j., others regularly changed their manager. He counts NL twice at celtic to give 4 but strangely murty at ayebroke just once to give 7. if we take his arithmetic as good then we have 3 them 7 or we have 4 them 8. and then you add in jimmy nichol . what a fucking shite cheerleader that prick is. sorry if it’s a bit off topic.

    Reply
  4. Scott McDermott giving Campbell Ogilvie big praise today, talking up his influence on Scottish football and how he came up with the Champions League group formats.
    Surely thats not the same Ogilvie that moved from Ibrox to Hampden in a seamless transition.
    Not the same Ogilve who had to be told that holding Rangers and Hearts shares might leave him open to conflicted accusations.
    However when pointed out to Campbel he signed the shares over to his wife, end of confliction conspiracies, truly a man of the greatest integrity!
    Not the same Ogilvie who was paid £96,000 in tax free EBT payments.
    Who knew where all the bodies were buried, the side letters handed out making the payments illegal, the hiding of the letters from HMRC and the SFA, allegedly.
    Not the same Ogilvie whose pet hack revealed in the media that the EBT payment good old Campbell received would barely pay for a decent night out in Glasgow.
    Handy isn’t it when you have go to guys in the media who will print or say whatever they are given without question.
    Not so handy however when the blogger in the know made public who got paid what, who got the side letters, and lo and behold Campbell’s night out came in at £96k.
    Yes McDermott this is the man you laud today which is truly laughable and puts you in the same category as Jacko and Gabriel McKay, and that’s not a good place to be.

    Reply
  5. MR Alan Stubbs goes easy on the Sevco Clumpany today in the press.

    The erudite Englishman is most generous to the 2012 concoction by referring to it as ‘Rangers’.

    Poor Poor Rangers died in 2012 a bankrupted, tax dodging, heavily indebted, toxic basket case. Mismanaged and neglected by SDM and tossed away like a bent quid.

    No one accepts that today’s rubbishy club is the same as the old rubbishy club.

    Least of all MR Charles Green, who instructed his QC at the High Court in Edinburgh to state it most definitely was not the same club.

    Mr Green would previously mount Ibrox daily and giver her a good hard ride….. all over the French Countryside.

    Yes the impeccable MR Stubbs is being most generous today to the distressed assets sold off in a liquidation sale to MR Green. He is although bang on the money that the 5 SPL EBT titles are legally unsound and can be stripped (from the old rubbishy club).

    Reply
  6. Adidas, Nike, nope Castore who not even the bluest of the blue will have heard of.
    Proof indeed, if needed, that the big boys are giving the Ibrox brand a huge body swerve.
    Hope that the new supplier, for their sake, have read the small print in the existing contracts.

    Reply
    • What if big Mike wrote the new contract that the club signed .Mr Ashley wouldn’t depart without the suitable financial reparations. This sportswear company has just had £7.5 million investment issue.

      Reply
  7. I think somebody at sevco has mistaken Castore for Cantor Fitzgerald. Easy mistake to make, I suppose! 😁

    Reply
  8. Perhaps the new Commercial Director at Ibrox simply misunderstood?

    Instead of securing that elusive Sugar Daddy, he’s come up with Castore.

    Easily done I suppose.

    The Rangers brand should really be teaming up with the old ‘Winfield’ sports brand of Woolworths: they’re dead as well… 🙂

    Reply
  9. How I laughed today when I read the news that the J.CARTER SPORTING CLUB LIMITED aka Castor are the latest victims of those who frequent the stadium previously owned by Craig Whyte. Even in the midst of a global pandemic there seems to be no ending to the jocularity that one small group of brogue wearing directors can generate…

    Castor aka (J.CARTER SPORTING CLUB LIMITED) have obviously seized the chance to be the main men for a distressed non-profit making “sporting club” based in Govan who have no money or means.

    Having digested this revelation it occurred to me that based on the finances and the fact that this seed company (J.CARTER SPORTING CLUB LIMITED) have no financial backbone they are probably in doing business for “no fee” having been agreed. Presently one company who deserve no mercy in my opinion and who exploit their customer base are about to be exploited by another… Touché.

    When I read that this company J.CARTER SPORTING CLUB LIMITED see themselves as a premium brand I thought there is a marriage made in heaven (Deludamol not included) . One thing that is for sure is that, if and that is a big if this company who see themselves as a premium brand and who according to their own words see that customers are happy to pay more for premium sport goods think they are going to make a mint here they are seriously ill informed…But what is sure is that orange coloured sporting tops are going to cost a shit load more than the current togs, but then they will be space age super hero garments and worth every penny.

    Looking in at Companies House I can see that the directors of this recent seed entity “Castor / J.CARTER SPORTING CLUB LIMITED” are run by a Corporate Financier Philip Beahon and Acquisition Financier Thomas Beahon, but yet the local tabloid has them as pro cricketer and pro footballer…Oh dear…

    I can also see that they are very much a small company and not what was wished for by the Ibrox massive: Adidas, Umbro, Nike, but as mentioned by some Govan loyal in a national tabloids comment section as being staunch and having a logo based upon the “Para Wings”… Oh my…

    Surely not the wings of a murderous group whose parachutes failed to stop the last incarnation that frequented the stadium Craig Whyte once owned from smashing into the ground doing 55… Jesus wept

    I could go on, but would hate to spoil the story for those who like to read the smallest of details, but one thing I can say for sure is, of all the things that are off the shelves and fridges in the shops because of the Covid 19 pandemic, Jelly and ice cream is not amongst them, that will run out because of other factors…

    Reply
  10. Lol I’m sure we have seen this film before and we certainly know the ending . Apparently on the Klans FF they are praising King for defeating Ashley here nobody else . Oh dear the Klan are all giddy about Ashley’s connections with sevco is at an end . Another squirrel story for the gullibles to rush out and part with their cash for a season book . No statement from Sports Direct on the matter , nothing confirmed from Castrol GTX about being the new manufacturer of the kit . Looks like the OO PR guy is earning his crust with the squirrel stories drip fed on a daily basis .

    Reply
  11. Things are so financially positive at the well run Sevco Clumpany it must be time For a Motherwell born billionaire to step in and buy it for a quid.

    We await Keith Jackson going science correspondent and introducing radar technology for Gullibillie consumption.

    Quickly followed by not one but two War chests of investment rhetoric to bed the shy philanthropist into the Owner’s office at the top of the hallowed marble staircase.

    Oh the balmy summer of 2012 when Jim Traynor would dash down the sacred staircase wiping his fevered brow with a white handkerchief, whilst grasping the latest scoop press release from Laird Craig of Castle Grant.

    The quantum of something or another…

    Reply
    • Watch from Monday onwards with an all out PR machine onslaught leading up to EGM . There will be snippets getting released through Ralston and Jackson and others at the daily ranger as well sevco based journalists at the evening ranger. Other EBTs mouthing off for sevco will be McCoist on Talksport and take your pick from at least half a dozen at radio shortbread to get the message out .

      Reply
  12. So people are going mental because Michael Stewart has put it out there the microphones had been muted for the interview with Richard Gordon to take place Doncaster . Funny that I never heard anybody complaining the other week when the bigoted DUP member had the airwaves to himself with Richard Gordon only being allowed to ask the questions . Double standards or what.

    Reply
    • Tbf there is a big difference between a nobody and the guy taking £380 K per year for ruining Scottish football.
      There are so many lies being told and unlike Doncaster trying to accuse Budge, it’s him telling them. There is no difference between a loan and an advance so there is no reason why ending the league had to be included in the vote.
      By refusing to be questioned ( as he knew he could not wriggle out of the lies ) he has shown just how much of a coward he is.
      Hold the inquiry and lets the truth be told. Celtic are big enough and good enough they will win the league when football returns, they don’t need a tainted title.
      Expose the lies and do away with those who are complicit in ruining the league. Start again with officials elected by the clubs every four years ( or whenever ). Move the HQ out of Glasgow and build a national stadium in central Scotland.

      Reply
      • Celtic will win the title by being the team at the top of the table when the season has ended. Nothing tainted about being in the No:1 position. HH

        Reply
  13. “inert-connected litigation”

    I can understand inert to describe their laughable attempts to set up a viable replica kit retail deal.

    I’m sure that Sevco will soon find out that Sports Direct and others litigation is anything but inert.

    Reply
  14. Castore?
    Is that the markey stall in Turkey? 🙂

    It’s all getting rather embarrassing down Govan way, and desperate!

    It’s all focused on the bears – even though TRFC knows everybody else is laughing at the latest nonsense issued.

    And I don’t think they made many friends “on the journey” either.

    I guess we’ll all find out soon enough exactly how successful their ‘charm offensive’ was – coming up through the leagues.

    Karma gets you in the end!

    Reply
  15. They have 16 staff and hope to expand that to 20 staff. they are also hoping to turn a profit this year for the first time in their 3 year history.

    Reply
  16. Hi Phil , you’re greatly appreciated for your excellent work , showing the rest of the mainstream how it’s done properly. I’m sure you’re right again here , I hope you are , but my concern is that Ashley could be buying Sevco?

    Reply
  17. It would be very interesting to find out who the undisclosed financiers were, you know like someone who is about to flog his football club. Step up Mike Ashley, ohhh the fun we would have

    Reply
    • Now here’s a wee Machiavellian thought. What if Ashley quietly bankrolled another, much smaller company, through perhaps an offshore trust that couldn’t be traced back to him, and that smaller company made eyes at sevco in such an alluring way that they ended up in a contractual bed together.

      Big Mike could theoretically wait until this contractual marriage was consumated, pull the plug on the small company leaving sevco in the lurch, and big Mike holding the smoking gun of contracts signed behind the back of SD again.

      My own deviousness (is that a word?) alarms me sometimes.

      Reply

Leave a Reply

error: Content is protected !!

Discover more from Phil Mac Giolla Bháin

Subscribe now to keep reading and get access to the full archive.

Continue reading