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Rangers shareholder wants Sports Direct contracts examined by courts

7 years ago

Rangers shareholder Kieran Prior has backed those in the fight for the club who are opposing Mike Ashley and his cohorts, believing that the Sports Direct contracts sum up just why the Newcastle United owner should have no connection to Rangers moving forward.

Prior owns more than one million shares and is willing to help the ‘Three Bears’ investors and/or Dave King in any way he can.

The former Goldman Sachs trader has especially targeted the contracts previously agreed by people at Rangers with Mike Ashley and Sports Direct. Prior says that if the deals are as ridiculous as has been reported, then the club should rip them up and throw them in the bin.

The Rangers shareholder would then welcome a day in court if Mike Ashley then chose to try and justify the validity of the contracts.

“I do not trust the people in control, their willingness to take shortcuts at every turn is clearly a dreadful example of corporate governance.

“Hopefully, if the Three Bears and King take control then the first thing they will do is hire forensic financial analysts to understand where the money has been mis-spent and when the interests of individual shareholders appear to have been put before those of the wider club ownership.”

Throw Sports Direct contracts in the bin;

“I would start with Mike Ashley’s Sports Direct deals and if they are as ridiculous as reported I would tear them up, throw them in the bin and tell him to sue us and we will see him in court.

“I would rather not spend money on legal costs at all but if it comes down to forking out £411,000 to Sports Direct on shirts the club can never sell, or on barristers and QCs to argue against those contracts in court,then I know where I’d invest.”

Morally repugnant;

“If these deals are not legally questionable, and we should seek counsel to establish if they are, then they are certainly morally repugnant.”

Let us get the contracts out in court;

“If he comes back to me on that, then tough. I am combative by nature, let’s get the contracts out in court where they can be examined openly and transparently.

“Ashley has been mortally damaged in the eyes of fans by his own actions. The games he has played with the stadium naming rights and advertising are clearly a nonsense.”

Reneged on dual interest rules;

“He also appears to have reneged on the obligations under dual interest rules, which is somewhat insulting to the SFA. Rangers have been punished too much by the football authorities as it is.”

If only we could see everything that is inside the tangled web at Newcastle United with regard to the relationship between the club, Ashley and Sports Direct. Though we can see enough to know that only two of the three benefit!


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