I am happy to be able to bring you a further update on the recent foray into the Square Mile by two members of the Sevco High Command.
When they were in the imperial capital these two fine chaps sought out some Brotherly Love.
They wanted an expert opinion on the detail that the Holding Company Vehicle has with Rangers Retail Limited (RRL).
They could not afford to pay for this legal advice, so they were asking on behalf of a Poor Widow’s Son…
Fortunately, they found a chap who was willing to meet them on the Level and tell them things on the Square.
The expert opinion was that the RRL deal was air tight and that Ashley’s legal people had not missed a step.
Of course, this means that the Holding Company Vehicle will have to limp on for the next SIX years without any major retail income.
As we saw today, the Engine Room Subsidiary really could do with some help.
This news came as a real kick in the basket of assets.
However, the Brother was not finished.
He told them in pissing off Puma and 32 Red their brand had suffered reputational damage.
Consequently, the available pool of potential commercial partners was shrinking rapidly.
His free advice to them was to go back and think about building bridge and repairing relationships.
If I didn’t know any better I would think that they’re really fucked.