Latest news with #Ibrox
Scottish Sun
20 minutes ago
- Business
- Scottish Sun
Rangers finally ‘settle' long-running £2m lawsuit but judge isn't happy
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) RANGERS and a finance firm tasked with developing a fans pre-payment card have agreed to 'settle' a 'costly' lawsuit, a court has heard. Lawyers for the Ibrox side and Reputation Exchange PLC told judge Lord Sandison at the Court of Session today that they have reached an agreement in the action 'in principle". Sign up for the Rangers newsletter Sign up 3 An external view of Ibrox stadium Credit: Getty 3 Lawyers for the Gers were back in court today Credit: PA But Lord Sandison expressed concern about the state of the settlement agreement. He said that he wasn't content to end the action at the close of Friday's hearing because of the lack of detail provided to the court. He said that unless parties could finalise the details of the agreement, they would be expected to come to court to participate in a proof - the Scottish legal term used to describe the main hearing in civil cases - next month. It was the latest hearing in an action brought by Reputation Exchange PLC who are seeking to recover undisclosed but 'significative compensation' from the Glasgow club. The company, known as REPX, believes the Gers owe it money over an aborted agreement between the two sides. Lord Sandison told the two advocates: 'I'm not asking you in any way to disclose the terms of the settlement agreement. 'But let us hypothesise that it might be that one party is going to pay some money to the other party. 'What's going to happen to the agreement - I pose this question rhetorically - if that money is not paid on the day that it is supposed to be paid? 'Is there a settlement or is there not? If there is then there is no need to postpone the disposal of this action until implement because you have got a a binding agreement - which you can just come right back to court and say 'here's a binding agreement: it hasn't been performed, we want it to be performed.' 'I can assure you that in sort of situation the court rapidly expedites the disposal of such actions.' Rangers hero Ally McCoist lands massive double bed and tells roommate 'it'll be interesting when Gabby Logan gets here' Lord Sandison also said that if the matter was settled today then the dates allocated by the court to the two sides could have been allocated to another party who is taking a legal action. He added: 'I think it's very common knowledge that I don't discharge diets - substantive diets - on the promise of a settlement one day.' He urged the two sides to finalise the agreement. He added 'I've hoped I've made it perfectly clear. I can't imagine that I haven't. Either this action settles before the start of the proof diet or it proceeds on the proof diet - loud and clear?' The proof is scheduled to be heard at the Court of Session between July 8 and July 11 2025. REPX claims Rangers wanted it to develop a 'customised payment card' which would have allowed fans to buy products associated with it. However, the business claims that Rangers stopped the card from coming into operation. It says it was provided with legal advice from 'Scottish legal counsel' saying the club breached an agreement. The firm also claims that the alleged breach means it is entitled to compensation - it says that it invested a large amount of its own money into developing the card and it should be compensated for the sum it spent. On Friday, Rangers's lawyer Timothy Young told Lord Sandison of the latest development in the case. 3 A general view of the Ibrox pitch Credit: PA The court had earlier heard from REPX'S advocate Ross Anderson who said that the agreement between the two sides still needed to be finalised. Mr Young said: 'I would echo what Mr Anderson has said about parties having reached an agreement in principle subject to entering into the settlement agreement. 'As my learned friend indicated - it's not so much that the agreement hasn't been reached. It's simply that implementation of that agreement will take some time." According REPX's website, the firm describes itself as being a 'fintech company' that is 'disrupting' traditional banking. It states: 'REPX is creating for celebrities, influencers, sport teams, brands, iconic cities, the opportunity to monetize their fans base with unique co-branded prepaid cards, debit cards, and patented digital products catered to their loyal legions of followers and fans.' It started working with Rangers to design a prepaid card after making similar products for Italian sides AC Milan and Torino. In the firm's strategic report for the year ending December 31 2023, the company talks of initiating a legal action against a football club which it doesn't name. The report states: 'The company initiated legal action against a football club to recover the advance paid to acquire the right to issue branded prepaid cards, as well as to recover the loss of profit and/or cost of investments made to develop an app customized to the wishes of the club itself. 'Below are some key extracts from the letter sent by our lawyers to the other side, anticipating that proceedings will be commenced against the football club without further delay should it not be possible to resolve the claims in early course "Our Client has also had the benefit of advice from senior counsel on Clause 12 of the contract. 'Our Client (REPX) has suffered significant losses as a result of your client's breaches of contract. Our Client maintains claims against Your Client under the following heads.' It states the failed scheme created losses of £1.5million on top of £500,000 in 'aborted costs' including design work. They say this is on top of further £120,000 in cash they had paid the club as part of an agreement to launch the card in August 2023 before the plan was shelved. Bosses are also claiming a further £20,000 for 'costs and wasted management time'. In a letter sent to the council of the Cyprus Stock Exchange on December 27 2024, REPX directors state that 'the company has started a costly lawsuit against the Scottish club Rangers FC who had a customised payment card created to their specifications.' It further states: 'REPX invested several hundred thousand GBP in technology and one year of development) and then effectively blocked the issuance of the card on instrumental grounds that even the Scottish Legal Counsel (which carries significant weight in Scotland) who provided us with the prior legal advice to start the legal process dismissed as unfounded. 'In fact the Scottish Legal Counsel invited us to assert our right to a substantial refund of the amount invested on the basis of the Scottish club's claims. "We believe we should be entitled to receive a significative compensation.' On Friday, Mr Anderson said: 'The parties have reached a commercial settlement.' Keep up to date with ALL the latest news and transfers at the Scottish Sun football page
The National
an hour ago
- Sport
- The National
Vaclav Cerny Rangers transfer return all but ruled out
The winger enjoyed an excellent campaign at Ibrox on loan, but there was no option to make the move permanent and the Bundesliga club have reportedly set a £9 million price tag on the player. And Cerny could yet have a part to play at Wolfsburg, who have just appointed new Dutch manager Paul Simonis to take charge for the new campaign. Cerny's agent, David Nehoda, said: "Vaclav will be back in Wolfsburg in time for their start of training. Read more: "We are currently not in talks with Rangers about a possible further collaboration. "There is no concrete offer from any other club either. "The summer transfer market window does continue for a long time though, so everything remains possible." Cerny started 30 league games for Rangers during the season and scored 12 goals in the Premiership. He also netted a further six goals in 12 games in European competition.
BBC News
an hour ago
- Sport
- BBC News
Derbies & festive schedule among Celtic's standout games
The first Glasgow derby of the 2025-26 Scottish Premiership season will be at Ibrox on Sunday, 31 Rodgers' side will make the short trip across the city for a 12:00 BST champions welcome Rangers to Celtic Park for the new year derby on Saturday, 3 January. The final pre-split meeting of the Glasgow rivals is pencilled in for Saturday, 28 about the festive schedule? Celtic host Aberdeen on Saturday, 20 December then complete 2025 with trips to face newly-promoted Livingston and round off the pre-split campaign on Saturday, 11 April the same way they started it - by hosting St at the fixture list, where do you think Celtic will be after 10 games? Share your views here.
BBC News
an hour ago
- Sport
- BBC News
Derbies & festive schedule - Rangers' standout games
The first Old Firm derby of the 2025-26 Scottish Premiership season will be at Ibrox on Sunday, 31 August. Russell Martin's side host Celtic in a 12:00 BST travel to Celtic Park on Saturday, 3 January for the new year derby and the Glasgow rivals' final pre-split meeting is pencilled in for Saturday, 28 about the festive schedule? Rangers' last match before Christmas is away to Hearts on Saturday, 20 December then Martin's men round off 2025 with home games against Motherwell and St complete the pre-split campaign away to newly-promoted Falkirk on Saturday, 11 at the fixture list, where do you think Rangers will be after 10 games? Have your say here.
The Independent
2 hours ago
- Sport
- The Independent
Russell Martin learns first game as Rangers boss with Scottish Premiership fixtures released
New Rangers head coach Russell Martin will begin his domestic campaign with a trip to Fir Park to face Motherwell. Martin's first William Hill Premiership match in charge will see him go head to head with former Norwich team-mate Jens Berthel Askou, who was recently installed as Motherwell manager. The fixture will kick off at 5.30pm on Saturday, 2 August and will mark the weekend of the 130th anniversary of the first game at Fir Park. There is only one Premiership game taking place at 3pm on the Saturday, which sees Stuart Kettlewell start his Kilmarnock reign with the visit of newly-promoted Livingston. Falkirk end their 15-year absence from the top flight with a home game against Dundee United the following afternoon in one of four matches to be screened live by Sky Sports over the opening fixture card. Former Hearts captain Steven Pressley begins his first league campaign as Dundee head coach at home to Hibernian on the Sunday, following the Leith club's Europa League tie with Midtjylland. Champions Celtic will unfurl the league flag later that day ahead of hosting St Mirren in a 4.30pm kick-off. Hearts and Aberdeen fans will need to wait until 8pm on the Monday to see their teams start the season at Tynecastle as new head coach Derek McInnes begins his Premiership campaign at home against one of his former clubs. Martin's first league game at Ibrox will kick off at 5.30pm on 9 August, with Dundee the visitors in a game to be shown live by Premier Sports. Celtic have the chance to atone for their Scottish Gas Scottish Cup final defeat by Aberdeen when they travel to Pittodrie the following day for a 12.30pm kick-off. There are no league games in the third weekend of August with the second round of the Premier Sports Cup taking place. Rangers head coach Martin will experience his first derby in charge on Sunday, 31 August, when Celtic visit Ibrox for a noon showdown. The festive schedule is slightly less hectic than usual with only one midweek slot rather than the usual two. Six matches are scheduled for Saturday, December 27, including an Edinburgh derby at Easter Road, which has been earmarked for live television coverage at 12.30pm. There is a full fixture card three days later with Celtic travelling to Fir Park before hosting Rangers in a 12.30pm kick-off on Saturday, January 3. All teams - including a Dundee derby at Tannadice - play that afternoon. There are six midweek fixture dates in total including two in succession in early February, either side of the Scottish Cup fifth round. The final games before the split are pencilled in for April 11, when St Mirren will be aiming to seal a fourth consecutive top-six finish when they travel to Celtic Park. As in recent seasons, there is a full midweek card in the final week of the season, which ends on May 17-18. The SPFL season in general will kick off on Friday, 1 August when Arbroath return to the Championship with a home game against Ayr United. PA
