The Financial Times wrote:
“Glasgow’s Rangers Football Club has become embroiled in a High Court legal battle with Sports Direct and its billionaire owner Mike Ashley with a trial scheduled for later this month.
The dispute centres around a deal through which SDI Retail Services, a company owned by Sports Direct, sells replica Rangers shirts and other merchandise.
Mr Justice Phillips was told this week that the agreement between SDI Retail Services and Rangers was due to expire shortly and Rangers wants to launch new strips supplied by manufacturer Hummel.
However SDI wants to stop Rangers entering into a new deal with the third party and claims under a clause in its existing contract it ought to be able to match any new offer.
The judge on Wednesday agreed to continue an existing court injunction preventing Rangers from signing another deal until a trial is held. Mr Justice Phillips also said that there would be a trial later this month which will examine the existing contract and the meaning of the relevant legal clause.
The outcome of the court battle is important for Rangers, because a key time for the sale of new replica shirts is just before the start of the new football season, which starts in early August.”
My readers who accessed my password protected piece yesterday will confirm that I anticipated this course of action. Of course it helps if you have a source who attended the hearing. Justice Phillips wanted to reach a preliminary determination on the construction of Clause Five in the SDRI/ TRFCL agreement which deals with ‘Matching Rights.’