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As Rangers settle their ‘multi-million pound’ action with Elite, you might not expect the fact the club are handing over millions to be met with celebration.

But after ten long years of tumultuous dealings in the club’s retail department, if there is anything to smile about this afternoon, then you’ll find it in the chaos of the last ten years.

Rangers’ retail operations have been the subject of near-constant boardroom battles ever since the influence of Sports Direct and Mike Ashley worked its way into the club’s structure.

And whilst the situation with Elite and Hummel is an example of glaring boardroom incompetence at Ibrox, the settlement promises a new era for Rangers, free from the shackles of retail uncertainty.

As reported by the likes of STV, Rangers have now officially settled their ‘multi-million pound’ court case with Elite.

 

Whilst the official settlement figure is unknown, TBR’s football finance expert Adam Williams has previously speculated that it will be in the seven-figure region.

It comes after Elite – who’ve been placed into administration – launched a £9.5m class action against Rangers for a loss of earnings.

Rangers had signed a kit deal with Elite amid rumbling boardroom warfare with Mike Ashley and Sports Direct, a situation pertaining to legacy contracts.

 

The previous Rangers regime had famously signed a contract with Sports Direct that would see the club receive only 7p to every £1 generated through merchandising.

Since Dave King and the Three Bears took over in 2015, the club’s retail department has been the subject of intense courtroom action.

When Rangers signed the deal with Elite in 2018, it upset Mike Ashley, with a court ruling that Rangers failed to offer Sports Direct first option on the contract, as per the legacy contract’s agreement.

But as the battle with Mike Ashley was over, the issue with Elite and Hummel was only just beginning.

After the ruling on the Sports Direct first option, Rangers were banned from using any Elite/Hummel branded merchandise.