Rangers have moved to clarify the situation regarding their trademarks and the fact they are now registered under Mike Ashley’s Sports Direct.

A statement from the Rangers board clams that ‘..the position isn’t as alarming as it may first appear’.

Which if I was a Rangers fan I would think sounds a bit like: ‘Don’t worry, your house is only burnt down a little bit’.

Rangers say that this is only a temporary situation, with the trademarks returned once the £5m loan is repaid.

With so much apparently revolving around this £5m loan, it does make you wonder why those now in control of Rangers haven’t raised this relatively small (in terms of what is needed at the club overall) amount already if they have any serious plan of talking the Glasgow club forward.

The Rangers statement:

“Although the trademarks are registered in Sports Direct’s name, the position is not as alarming as it may first appear.

“Rangers remain the rightful and legal owners of their trademarks and interim chairman Paul Murray has clarified this position with Sports Direct and in fact, both parties will come together within the next two weeks for talks.”

Rangers supporters can be ‘reassured’:

“Rangers supporters can be reassured Sports Direct fully accept all of the IP (intellectual property) rights registered in their name will be returned to the club when the loan facility,  the previous board drew down £5m, is repaid.”

With Newcastle fans hoping to put pressure on Mike Ashley to encourage him to end his involvement at St. James’ Park.

I do wonder if that really did come to pass, just what knots Newcastle United would be tied up in with contracts etc left in place by Mike Ashley even after he left.

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