Jump to content
Sergio Garcia

The Rangers soap opera goes on and on.

Recommended Posts

Footballfirst

Some developments on Rangers retail operations.

 

First at Companies House

 

RANGERS RETAIL LIMITED (08142409)

The following information is available from the company's filing history.

8 Jun 2019  DISS16(SOAS)  Compulsory strike-off action has been suspended 

 

The previous document lodged at Companies House indicated that the company would be struck off, but I wonder if some legal action remains outstanding that could not happen if RRL was dissolved. 

-----------------------------------------------

 

Second, a judgement in the SDI v TRFC "Matching Rights" case was due on Thursday

 

ROLLS BUILDING
COURT 19
Before LIONEL PERSEY QC sitting as a Judge of the High Court

Thursday 6 June 2019
At 10:30 AM

Judgment

CL-2018-000726 SDI Retail Services Limited v. The Rangers Football Club limited

 

No-one has yet advised on what that judgement was or even if it was delivered, e.g. was an out of court settlement agreed before the judgement was delivered?

----------------------------------------------------

 

Third, there are reports on TRFC messageboards that their Megastore was closed both yesterday and today.

 

Copied from the SFM blog:

One fan went there this morning to verify the situation and reported on a TRFC message board:

"Place is like the Marie Celeste. In total darkness, no staff, no signage, not even a note of explanation on the door apologising to those who have made a wasted journey. Nice of them to communicate so well with those who pay the wages."

---------------------------------------------------

 

I have no idea if any of these events are connected, but it certainly should be worth keeping an eye on. 

 

 

Share this post


Link to post
Share on other sites
maroonlegions

Still not bust then.:ears:

Share this post


Link to post
Share on other sites
Forever Hearts
2 hours ago, Footballfirst said:

Some developments on Rangers retail operations.

 

First at Companies House

 

RANGERS RETAIL LIMITED (08142409)

The following information is available from the company's filing history.

8 Jun 2019  DISS16(SOAS)  Compulsory strike-off action has been suspended 

 

The previous document lodged at Companies House indicated that the company would be struck off, but I wonder if some legal action remains outstanding that could not happen if RRL was dissolved. 

-----------------------------------------------

 

Second, a judgement in the SDI v TRFC "Matching Rights" case was due on Thursday

 

ROLLS BUILDING
COURT 19
Before LIONEL PERSEY QC sitting as a Judge of the High Court

Thursday 6 June 2019
At 10:30 AM

Judgment

CL-2018-000726 SDI Retail Services Limited v. The Rangers Football Club limited

 

No-one has yet advised on what that judgement was or even if it was delivered, e.g. was an out of court settlement agreed before the judgement was delivered?

----------------------------------------------------

 

Third, there are reports on TRFC messageboards that their Megastore was closed both yesterday and today.

 

Copied from the SFM blog:

One fan went there this morning to verify the situation and reported on a TRFC message board:

"Place is like the Marie Celeste. In total darkness, no staff, no signage, not even a note of explanation on the door apologising to those who have made a wasted journey. Nice of them to communicate so well with those who pay the wages."

---------------------------------------------------

 

I have no idea if any of these events are connected, but it certainly should be worth keeping an eye on. 

 

 

It's Saturday night. Just saying. 

Share this post


Link to post
Share on other sites
tcjambo
26 minutes ago, Forever Hearts said:

It's Saturday night. Just saying. 

FF is all-seeing and ever-vigilant

Share this post


Link to post
Share on other sites
Jambo66
On 02/06/2019 at 16:17, JackLadd said:

 

Delusion is the only thing that odious no trophy new club excel at.

To be fair, they have won League 2, League 1 and the Championship. **** all apart from that though.

Share this post


Link to post
Share on other sites
Lovecraft
7 minutes ago, tcjambo said:

FF is all-seeing and ever-vigilant

 And obviously doesn't do or understand irony.

 

?

 

 

Edited by Lovecraft

Share this post


Link to post
Share on other sites
132goals1958
On 20/05/2019 at 19:48, 132goals1958 said:

 

 

Well they are legally obliged to notify interested parties and the Registrar will  publish in the gazette. providing an opportunity for anyone to justify any cause why dissolution should not go ahead.

 

Hopefully an objection has been lodged

Share this post


Link to post
Share on other sites
Footballfirst
1 hour ago, Forever Hearts said:

It's Saturday night. Just saying. 

It was Saturday afternoon when I posted and Saturday evening when you did. Just saying.

Share this post


Link to post
Share on other sites
jamboy1982
1 hour ago, Footballfirst said:

It was Saturday afternoon when I posted and Saturday evening when you did. Just saying.

Owned 

Share this post


Link to post
Share on other sites
sac

**** sevco & everyone who sails in them.

Share this post


Link to post
Share on other sites
Mysterion
6 hours ago, Footballfirst said:

 

----------------------------------------------------

 

Third, there are reports on TRFC messageboards that their Megastore was closed both yesterday and today.

 

Copied from the SFM blog:

One fan went there this morning to verify the situation and reported on a TRFC message board:

"Place is like the Marie Celeste. In total darkness, no staff, no signage, not even a note of explanation on the door apologising to those who have made a wasted journey. Nice of them to communicate so well with those who pay the wages."

---------------------------------------------------

 

I have no idea if any of these events are connected, but it certainly should be worth keeping an eye on. 

 

 

 

The megastore is still an SDI operation and hasn’t got a lot in it. It is not selling new strips and fans generally boycott it and go to the other company ran shop at St Enoch Sq.

 

Probably nothing in this other than it being quiet just now and no one wants to buy old  Puma kit.

Share this post


Link to post
Share on other sites
FWJ
3 hours ago, Jambo66 said:

To be fair, they have won League 2, League 1 and the Championship. **** all apart from that though.

Took them a wee while to win the Championship though...,..

Share this post


Link to post
Share on other sites
graygo
4 hours ago, Jambo66 said:

To be fair, they have won League 2, League 1 and the Championship. **** all apart from that though.

 

They must have won the petrodiddy cup at some point, did they not have 3 or 4 cracks at it?

 

Must have won it with their resources, surely?

 

No?

Share this post


Link to post
Share on other sites
Beast Boy
3 hours ago, Footballfirst said:

It was Saturday afternoon when I posted and Saturday evening when you did. Just saying.

 

:lol:

 

Share this post


Link to post
Share on other sites
Independence
8 hours ago, FWJ said:

Took them a wee while to win the Championship though...,..

??????

Share this post


Link to post
Share on other sites
Joey J J Jr Shabadoo
14 hours ago, Jambo66 said:

To be fair, they have won League 2, League 1 and the Championship. **** all apart from that though.

Absolute bullshit.

 

They won the Challenge cup at the fourth attempt. :lol:

 

Edited by Joey J J Jr Shabadoo

Share this post


Link to post
Share on other sites
The Future's Maroon
On 08/06/2019 at 20:46, Footballfirst said:

It was Saturday afternoon when I posted and Saturday evening when you did. Just saying.

 

?

Share this post


Link to post
Share on other sites
Forever Hearts
On 08/06/2019 at 20:46, Footballfirst said:

It was Saturday afternoon when I posted and Saturday evening when you did. Just saying.

Afternoon/Evening whatever. Who could be arsed trawling websites to find out boring crap about another club on a Saturday? Or any day for that matter.

Share this post


Link to post
Share on other sites
brunoatemyhamster
9 hours ago, kirkierobroy said:

Thought it might be of interest here - this previously lost work by Oscar Wilde is being put on at the Pavilion Theatre...

 

https://www.paviliontheatre.co.uk/shows/rally-roon-the-rangers/

 

Haud me, as they say, back.

Seen it.                                                      The supporters Club gets liquidated at the end,but they come back as the same supporters club. 

Predictable. 

Saved you £16.90 for the ticket. 

 

 

 

 

Edited by brunoatemyhamster

Share this post


Link to post
Share on other sites
itsnomarooned

If Mike Ashley sells Newcastle to an uber-wealthy Sheikh does that make it more or less likely he will try to buy Rangers?

Edited by itsnomarooned

Share this post


Link to post
Share on other sites
Deevers
37 minutes ago, itsnomarooned said:

If Mike Ashley sells Newcastle to an uber-wealthy Sheikh does that make it more or less likely he will try to buy Rangers?

I don’t think he is really that interested in them - apart from making a bit of money out of them. I think he’s more interested in making things hot for King and Co.

Share this post


Link to post
Share on other sites
The Real Maroonblood
17 hours ago, Forever Hearts said:

Afternoon/Evening whatever. Who could be arsed trawling websites to find out boring crap about another club on a Saturday? Or any day for that matter.

If it’s kicking sevco in the balls it doesn’t matter what day or time it is unless people have some sort of affection for them.

Share this post


Link to post
Share on other sites
Mysterion

When is the ruling on the SDI case to be made public? 

Share this post


Link to post
Share on other sites
Beast Boy
On 08/06/2019 at 18:56, Forever Hearts said:

It's Saturday night. Just saying. 

 

Preferred your old ‘McDonald Jardine’ username mate. ?

Share this post


Link to post
Share on other sites
Forever Hearts
21 minutes ago, Icon of Symmetry said:

 

Preferred your old ‘McDonald Jardine’ username mate. ?

Did you aye? Well if you'd done some research you'd have seen that MJ and I were on here at the same time, MATE. 

 

PS. You taking over from Bridge of Loon as my wee stalker? 

Share this post


Link to post
Share on other sites
Smithee
18 minutes ago, Forever Hearts said:

Did you aye? Well if you'd done some research you'd have seen that MJ and I were on here at the same time, MATE. 

 

PS. You taking over from Bridge of Loon as my wee stalker? 

 

"MATE" :laugh:

Shotty!

Share this post


Link to post
Share on other sites
gjcc

Club store now only to be opened on match days. Interesting. 

Share this post


Link to post
Share on other sites
Spellczech
14 hours ago, gjcc said:

Club store now only to be opened on match days. Interesting. 

must be zero-hours contracts for the staff then...

Share this post


Link to post
Share on other sites
Footballfirst

The latest judgement (dated 6 June) in the SDI v TRFC retail dispute was published this morning.

 

http://www.bailii.org/ew/cases/EWHC/Comm/2019/1419.html

 

In simple terms, Judge Persey rejected all Rangers arguments and told them to get on with honouring the agreement as set out in SDI's arguments.

 

Unsurprisingly, TRFC advised of their intention to appeal against the latest judgement(s).

 

I was looking for a finding of breach of contract and the apportionment of an amount of damages, but it doesn't look as if we have got to that point yet.  The only reference I see is in Para 10 (6) (a):

"The extent to which, if at all, Rangers has been in breach of the further agreement is an issue that remains to be determined (if not agreed) by the Court."

 

Share this post


Link to post
Share on other sites
...a bit disco
1 minute ago, Footballfirst said:

The latest judgement (dated 6 June) in the SDI v TRFC retail dispute was published this morning.

 

http://www.bailii.org/ew/cases/EWHC/Comm/2019/1419.html

 

In simple terms, Judge Persey rejected all Rangers arguments and told them to get on with honouring the agreement as set out in SDI's arguments.

 

Unsurprisingly, TRFC advised of their intention to appeal against the latest judgement(s).

 

I was looking for a finding of breach of contract and the apportionment of an amount of damages, but it doesn't look as if we have got to that point yet.  The only reference I see is in Para 10 (6) (a):

"The extent to which, if at all, Rangers has been in breach of the further agreement is an issue that remains to be determined (if not agreed) by the Court."

 

 

 

Image

 

:lol:

 

Share this post


Link to post
Share on other sites
Footballfirst

The proper meaning to be given to paragraph 5.7 of Schedule 3 of the Agreement lies at the heart of the parties' disagreement.

 

I have no hesitation in rejecting Rangers' approach to the proper construction of Schedule 3, paragraph 5.7

 

Rangers is bound by these findings (with which I respectfully agree)

 

It is sufficient for present purposes to note that the parties agreed to the matching right provisions as part of the original Agreement and that it is not for the Court to rewrite their bargain.

 

Share this post


Link to post
Share on other sites
JackLadd

They are effed and I love it.

Share this post


Link to post
Share on other sites
HoGwash
1 hour ago, Footballfirst said:

The latest judgement (dated 6 June) in the SDI v TRFC retail dispute was published this morning.

 

http://www.bailii.org/ew/cases/EWHC/Comm/2019/1419.html

 

In simple terms, Judge Persey rejected all Rangers arguments and told them to get on with honouring the agreement as set out in SDI's arguments.

 

Unsurprisingly, TRFC advised of their intention to appeal against the latest judgement(s).

 

I was looking for a finding of breach of contract and the apportionment of an amount of damages, but it doesn't look as if we have got to that point yet.  The only reference I see is in Para 10 (6) (a):

"The extent to which, if at all, Rangers has been in breach of the further agreement is an issue that remains to be determined (if not agreed) by the Court."

 

Risky move FF, posting this on a Saturday :o

Share this post


Link to post
Share on other sites
Footballfirst
46 minutes ago, HoGwash said:

Risky move FF, posting this on a Saturday :o

 

It's alright. I've done my penance by watching a couple of academy games at Riccarton earlier this afternoon (the U13s beat ICT 6-0, although the U15s lost 2-3).

Share this post


Link to post
Share on other sites
Dunks
5 hours ago, HoGwash said:

Risky move FF, posting this on a Saturday :o

 

:rofl:

Share this post


Link to post
Share on other sites
...a bit disco

Shady wheelings and dealings abound.

 

 

Share this post


Link to post
Share on other sites
Boy Daniel

Follow the money, if you can ?

05FA7630-1F01-4601-BCE9-15ED4FEE31C0.gif

Edited by Dannie Boy

Share this post


Link to post
Share on other sites
Jambo 4 Ever
49 minutes ago, ...a bit disco said:

Shady wheelings and dealings abound.

 

 

how did they do that??

Share this post


Link to post
Share on other sites
soonbe110
4 minutes ago, Natural Orders said:

how did they do that??

Same way that Vlad used to do it. Hope it ends the same way for them. 

Share this post


Link to post
Share on other sites
132goals1958
4 minutes ago, Natural Orders said:

how did they do that??

 

 

Probably a debt to equity. Shuffling the pack or some creative accounting exercise. The shady one knows all the tricks.

Share this post


Link to post
Share on other sites
Footballfirst
2 minutes ago, Natural Orders said:

how did they do that??

They agreed, following a general meeting yesterday, to convert the soft loans into convertible loan notes with an option to convert to shares (@ 20p) if done so before the next AGM.

 

The effect of the change will see King and the Concert Party hold 54% of the shares while just about everyone else will be diluted.

 

The soft loans will just about be eliminated (bar £45k) following the conversion to shares.

 

In simple terms it's a debt for equity swap.

Share this post


Link to post
Share on other sites
132goals1958
41 minutes ago, Footballfirst said:

They agreed, following a general meeting yesterday, to convert the soft loans into convertible loan notes with an option to convert to shares (@ 20p) if done so before the next AGM.

 

The effect of the change will see King and the Concert Party hold 54% of the shares while just about everyone else will be diluted.

 

The soft loans will just about be eliminated (bar £45k) following the conversion to shares.

 

In simple terms it's a debt for equity swap.

 

They will also have huge influence in the decision making process. I think the glib one will be awarding himself a well earned pay rise.

Share this post


Link to post
Share on other sites
JackLadd

Surely this is just more Titanic deckchair shuffling. They remain a toxic brand with no credit line. 

Share this post


Link to post
Share on other sites
Lovecraft
1 hour ago, soonbe110 said:

Same way that Vlad used to do it. Hope it ends the same way for them. 

 It will.  They are running out of people to borrow from.

 

 

Share this post


Link to post
Share on other sites
Forever Hearts
11 minutes ago, Brick Tamland said:

Read what he says after the first four words and you’ll get there. 

I did read it. Can you explain the first four words?

Share this post


Link to post
Share on other sites
Beast Boy
Just now, rick witter said:

Aye tired of people slavering about Rangers on a Hearts forum. 

Yeah I am. It’s embarrassing. 

 

Why not just avoid the thread then? Seems like a much easier and more appropriate way of avoiding the subject than opening the thread, clicking on a post that has some relevant info, and then typing out a reply? 🙃

Share this post


Link to post
Share on other sites
Forever Hearts
12 minutes ago, Normthebarman said:

Maybe because a lot of people come on JKB for a bit of light hearted relief. We can laugh like **** at the fact Rangers died. Not so much at child abuse. 

I didn't suggest laughing at child abuse. But the fact it barely gets mentioned on here is telling. 

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.



×
×
  • Create New...