Rangers’ board: “We see no benefit in regaining Rangers Retail”
Rangers’ board have today
confirmed they not only wish shareholders to vote against Mike Ashley’s demands
of the immediate repayment of £5M owed, but indeed have curiously stated they
cannot see any benefit to Rangers or its shareholders of a return to the Club
of the 26% of Rangers Retail Limited that Sports Direct currently own.
Despite the creation of so-called
‘Protest Shirts’ by supporters, and angry boycotts of Club merchandise given a
near-fifth of its revenue goes to Sports Direct, Rangers’ board do not wish to
resolve that issue any time soon, and indeed see no good of doing so either.
In a statement today they said:
“The Directors do not believe the
transfer back to the Club of a 26%
interest in RRL will
serve to resolve
the issues which
the Directors consider have to be
addressed.”
This approach will no doubt come
as something of a curiosity to fans who have supported said board’s
installation at Ibrox, and who have made available for many months
aforementioned protest shirts, which are said to be an attempt to buy Rangers’
merchandise without profiting Mike Ashley.