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https://www.thescottishsun.co.uk/news/4548996/rangers-sports-direct-hummel-deal-killed-injuction-legal-fees/

 

Any idea what this means (Hopefully administration)?

 

Sound like they have until August 16th to stump up 450k for SD's legal fees. Then there is a hearing in September which will decide how much more they need to pay in damages?

also the £450k was only the SD legal costs invoiced prior to the hearing. The final legal bill will therefore be a bit higher.

 

then the compo to SD

 

possible compo to Hummel

 

should keep a few bloggers going until in to the new year

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Guest the shepherd

https://www.thescottishsun.co.uk/news/4548996/rangers-sports-direct-hummel-deal-killed-injuction-legal-fees/

 

Any idea what this means (Hopefully administration)?

 

Sound like they have until August 16th to stump up 450k for SD's legal fees. Then there is a hearing in September which will decide how much more they need to pay in damages?

Hummel, Elite and/or Sports Direct can apply for a bankruptcy order to be filed against RIFC, which in turn will initiate liquidation proceedings against them, if they fail to pay the apportioned legal fees by the date set by the presiding judge, 16/08/2019. Although the judge ruled in favour of Sports Direct only, Hummel and Elite have suffered and will suffer, in the long-term, as a consequence of RIFC's civil wrongdoing, therefore are legally permitted to apply for such an order against RIFC due to them being in breach of contract, i.e. not giving Sports Direct first refusal to sell their replica kits in accordance with the terms of original contract of which Hummel and Elite were contractually and financially party to.

Fuck the rangers.

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Guest the shepherd

Basically a director will have to pay up or they are fucked. Ashley is a ledge.

Mike Ashley should get a knighthood in the Queen's New Year's Honours List

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It's all a load of bullshit to try and drum up some interest in the boy as they are desperate to get shot of him for the cash.

 

No way is he worth £30M. He's not worth half that, and that's being generous.

Yep, diversionary piece put out on the same day as it's reported they've to stump up those legal fees and Timmy get a £25m deal from Arsenal for Kieran Glassjaw. Hun fans may be daft enough to lap it up but it's pretty transparent to everyone else.

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They have to pay £450k by 4pm on the 16th August to cover SD's costs but the killer blow may be the damages awarded by the court which will be decided at a later date.

 

Should be interesting and given the judges comments on how Sevco presented themselves in court I am hoping he hits them with a massive fine.

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Hummel, Elite and/or Sports Direct can apply for a bankruptcy order to be filed against RIFC, which in turn will initiate liquidation proceedings against them, if they fail to pay the apportioned legal fees by the date set by the presiding judge, 16/08/2019. Although the judge ruled in favour of Sports Direct only, Hummel and Elite have suffered and will suffer, in the long-term, as a consequence of RIFC's civil wrongdoing, therefore are legally permitted to apply for such an order against RIFC due to them being in breach of contract, i.e. not giving Sports Direct first refusal to sell their replica kits in accordance with the terms of original contract of which Hummel and Elite were contractually and financially party to.

Fuck the rangers.

Are BBC reporting this court ruling or are they back to dining on succulent lamb?

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Winding up a hun mate about it now.

 

He claims Hummel won't be able to sue them as they are responsible for carrying out their due diligence. When I said it was a lesson learnt that the rangers board can't just fuck contracts off, he said it was legit as they took legal advice and they could sue the lawyers.

 

Surely Hummel's due diligence would have involved using said legal advice. These cunts tie themselves in knots.

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