Rangers could lose millions after court battle defeat to Sports Direct
Rangers have lost a legal battle with Sports Direct and they could now be forced to pay millions of pounds, according to reports from the Scottish Sun.
The report claims that SDI Retail Services (SDIR), a company in the Sports Direct Group, are suing the Ibrox outfit for damages over breach of agreement on merchandising rights.
Mike Ashley took Rangers to court to claim for losses on the kit deal with Hummel that was struck in 2018.
Likewise, Rangers deal with Castore could also be taken into account while calculating the final cost of the damages.
Blow
Rangers are already going through a parlous financial situation, and they could now be forced to pay several million pounds worth of damages.
This has come at a time when the club is heading in a fantastic direction under Giovanni van Bronckhorst, and investment in the squad would be required.
The Dutchman has made a dream start at his new club, where Rangers have won six Scottish Premiership games in a row under him.
The Gers are leading the Scottish Premiership table, but there are suggestions that the Dutchman may look to bolster the squad.
It remains to be seen whether the Bears will be forced into selling some of the prized assets to balance the losses they’re about to face, on top of the losses they’re already into.
This is going to be a crucial January window for Rangers, and losing some of his key players would be a nightmare situation for the manager.
In other Rangers news, an official club partner has fired back at Tom English after his latest bitter jibe at the Bears