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Case brought against former Rangers execs

By May 23, 2016No Comments

Rangers have brought court proceedings against four former Rangers executives; Charles Green, Imran Ahmad, Derek Llambias and Brian Stockbridge, and also against Mike Ashley.

The civil case has been brought against the five men at the Court of Session in Edinburgh.

Ashley’s Sports Direct owns 49% of Rangers Retail, established to run the club’s retail operation. Though Rangers have protested against the terms of the joint venture, saying that the deal which sees the club earn as little as 4 pence from every pound spent.

Having paid back the £5million loan from Ashley however, the club regained the rights over its trademarks, including the Rangers club badge, the club have now removed this from the retail agreement, meaning that it will no longer be possible for the company to sell merchandise featuring the Rangers badge.

Rangers have already triggered the seven-year notice period in order to terminate their contract with Rangers Retail, although are now locked in talks in order to try and accelerate the process.

With Ahmad believed to be outwith the UK currently, his citation was published in the Monday edition of the Times newspaper.

Rangers had no comment to make.

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