Risky Business – The Rangers Serve Proceedings on Elite for £2,840,236.75 plus interest and expenses

A SHORT but rather sweet statement from the Rangers this afternoon. They are chasing the holding company that operates Elite for £2,840,236.75 plus interest and expenses.

Now if Elite, decide to become The Elite then the new company will be on to plums rather that oranges. A quick look at their most recent accounts would be concerning if your nose is blue.

The Ibrox club, founded in 2012 by Charles Green, issued the following statement on their official website.

“The Rangers Football Club Limited (Rangers) has served proceedings on LBJ Sports Apparel Limited trading as Elite for payment of the sum of £2,840,236.75 plus interest and expenses.

“The payment relates to sums that require to be paid to Rangers by Elite in terms of the Agreement between Rangers, Elite and Hummel A/S for the manufacture and supply of Rangers Kit and other products.”

Celtic’s retail operation is slick, well managed and contributes significantly to the club’s turnover. It seems that lawyers are the biggest winners when it comes to the courtroom battles that regularly take place in Scotland and England involving the latest Ibrox club.

Gibraltar Loyal, a well-known member on FF, gave his view on this: “I expect Elite to go into admin and we get pennies in the pound and SDI will swoop in and take over,” while The Predator added, “I can see that Rangers store quickly shutting down at this rate.”

“I don’t see an end to this sh*t to be honest. Not while I’m alive anyway,” Eddie Doc stated, rather morbidly. “This is flecking shambolic. We go from one pile of Craigy Whyte to another,” Boldvale added. Dotty84 reckons their (new) club is “Just a laughing stock right now. FFS”

“An absolute shambles that years on we are still in this mess,” TerrySilverLoyal noted.

About Author

The Celtic Star founder and editor, who has edited numerous Celtic books over the past decade or so including several from Lisbon Lions, Willie Wallace, Tommy Gemmell and Jim Craig. Earliest Celtic memories include a win over East Fife at Celtic Park and the 4-1 League Cup loss to Partick Thistle as a 6 year old. Best game? Easy 4-2, 1979 when Ten Men Won the League. Email editor@thecelticstar.co.uk

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