Lord Tyre and Charles of Normandy

Yesterday the New Regime had hoped that the case brought by Charles of Normandy would be thrown out.

Well, it didn’t really work out like that.

What was decided in Edinburgh yesterday by Lord Tyre was that there IS a case to be debated, and it will require two days of court time to argue it out.

The only glimmer of good news for the chaps in the Blue Room is that the day of financial reckoning was kicked down the road to another payroll cycle.

Despite that there was certainly no rejoicing at the top of the Marble Staircase after the decision by Lord Tyre.

Yesterday was the day to kill the case brought by Charles of Normandy, and they failed.

In the aftermath of the hearing the New Regime were advised by their legal team of the likely cost implications.

A well-placed source told me it was not what they wanted to hear.

The New Regime was told that, depending on several factors, Charlie’s legal costs for his upcoming criminal trial could be anywhere between  £4m to £5.5m.

To put that in context even the lower figure is more than half of Sevco’s Season Ticket income.

The two-day hearing in November itself will be expensive for the cash-strapped club.

All that the New Regime achieved yesterday was to spend rather a lot of money on legal fees and kick a much bigger bill down the road for another few weeks.

Of course, the New regime might still win out, but these are tense times at the top of the Marble Staircase.

Even should Charles of Normandy win his case against RIFC there might be a cap imposed on his ‘reasonable costs’.

What will not be in dispute next month in the Court of Session is that the current Ibrox club is a loss making business without a credit line from a bank.

Should Charlie win his case then, I am told, that the ‘Engagement Fees’ for his legal team would be due almost immediately.

The case is scheduled to be concluded on Friday 13th November.

It could be a black day for Sevco if the man with the big hands gets what he thinks is contractually due to him.



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