aofjays Posted June 11, 2015 Share Posted June 11, 2015 Why is their wage relevant? Well if Tedi is right it shows exactly why sevco will never be a match for Ashley. One over-spends to lose while the other under-spends to win. 0 Quote Link to comment Share on other sites More sharing options...
Billy Jean King Posted June 11, 2015 Share Posted June 11, 2015 how full of themselves can they be. Sevco First quote ImageUploadedByPie & Bovril1434024358.236527.jpg "Worldwide massive team" Where have all the tops gone ??? if they were 2nd biggest sellers in the whole wide world how come all the refugees you see on telly are NEVER wearing a Sevco strip. Barcelona, AC Milan, Juve, Arsenal, Liverpool but never Sevco. I wonder where all these millions of Sevco tops go. I suspect given the tendency to make a rather large amount of them in sizes XXXL and upwards they may be more in demand for makeshift refugee camps rather than personal wear. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted June 11, 2015 Share Posted June 11, 2015 Counsel for Sports Direct thanks judge for her decision, asks for legal costs to be paid by RFC— James Doleman (@jamesdoleman) June 11, 2015 Good luck there... 0 Quote Link to comment Share on other sites More sharing options...
weirdcal Posted June 11, 2015 Share Posted June 11, 2015 so SD are upset that someone has leaked details of the contract (which is business sensitive information) that a rival can use when said contract is up for renewal. think a certain company is about to get a bum feeling 0 Quote Link to comment Share on other sites More sharing options...
williemillersmoustache Posted June 11, 2015 Share Posted June 11, 2015 The Offshore Game @theoffshoregame 38 secs38 seconds ago Judge says even 50% of the costs asked would be shocking Go on, go on... 0 Quote Link to comment Share on other sites More sharing options...
aofjays Posted June 11, 2015 Share Posted June 11, 2015 Yes Fat Mike silencing the board on releasing details of his onerous contracts is going to definitely make us buy more shirts. Didn't I read on here Sevco have to pay for the unsold stock? 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted June 11, 2015 Share Posted June 11, 2015 Yes Fat Mike silencing the board on releasing details of his onerous contracts is going to definitely make us buy more shirts. Shirts. 0 Quote Link to comment Share on other sites More sharing options...
williemillersmoustache Posted June 11, 2015 Share Posted June 11, 2015 (edited) The Offshore Game @theoffshoregame 17 secs18 seconds ago Judge refers cost claim to detailed assessment, but she is only willing to allow for payment on account for £20,000 Awwww ETA do they have that? Edited June 11, 2015 by williemillersmoustache 0 Quote Link to comment Share on other sites More sharing options...
~~~ Posted June 11, 2015 Share Posted June 11, 2015 Yes Fat Mike silencing the board on releasing details of his onerous contracts is going to definitely make us buy more shirts. He's just making sure you stick to the agreement sevco had signed PS. Sevco have been told to pay for the "shocking" legal costs of £20,000 to Sports Direct 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted June 11, 2015 Share Posted June 11, 2015 (edited) Judge tells counsel for Sports Direct says she is "flabbergasted" by the legal costs claimed. Wonder what her hourly rate is? eta I'm getting sick of popcorn. Still, one more performance tomorrow then I can give up. Edited June 11, 2015 by cyderspaceman 0 Quote Link to comment Share on other sites More sharing options...
MikeyWellFan Posted June 11, 2015 Share Posted June 11, 2015 At least there's a chance that high streets up and down the country won't be awash with utter dregs sporting the latest Glasgow Sevco merchandise. 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted June 11, 2015 Share Posted June 11, 2015 This is in the bit of London I normally go to. Might have been a laugh. We could all have went to the strippers later. 0 Quote Link to comment Share on other sites More sharing options...
williemillersmoustache Posted June 11, 2015 Share Posted June 11, 2015 Signed by his own people ^^^^ Who at the time, were the people. 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted June 11, 2015 Share Posted June 11, 2015 Signed by his own people ^^^^ Real Rangers Men. 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted June 11, 2015 Share Posted June 11, 2015 How much does SD make in profit from 50k shirt sales? How much does The Company make in 50k shirt sales? Based on a ball park figure of £50 a top generating £2.5 a year. The margin is likely to be around 60%. I wouldnt be surprised, though, if Ashley negotiates lower costs, therefore, higher margins than that. So, 60% of £2.5m is £1.5m. A 51/49 split would give Rangers £765000 and SD £735000. 0 Quote Link to comment Share on other sites More sharing options...
aofjays Posted June 11, 2015 Share Posted June 11, 2015 Real Rangers Men. Come now, that isn't justified, there's no evidence I'm aware of that Ashley's stooges were criminals, liars or cheats. You can't just tar people like that. 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted June 11, 2015 Share Posted June 11, 2015 I think if the margins were in anyway that decent then SD would have no issues in these being public knowledge, our previous commercial deals have been pretty transparent. Thelionbrand @thelionbrand 3 mins ago SD don't want anyone to know it's LESS THAN £3.50 that goes to the club from a £50 top. SDs business model is based on getting stock at the lowest cost. 60% is a pretty common retail margin in clothing, Id be amazed if SD operate at much, if any, less. At the current revenue split you'd have to go down to around 20% margin for Rangers to get less than £3.50 per top. At that kind of margin you would be losing money. All of this is assuming, of course, that the revenue split between SD and Rangers is based on the profit made on each top. 0 Quote Link to comment Share on other sites More sharing options...
Insaintee Posted June 11, 2015 Share Posted June 11, 2015 Well big mike got what he wanted... ...for now 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted June 11, 2015 Share Posted June 11, 2015 I do not think it is and after today's ruling I guess it may be sometime before we will know. No, you're right, it probably isnt. The split is the shareholding, isnt it? That means Rangers cut will come after SD have taken all their other costs off as well; store rent, staff wages, transport etc If we take the £3.50 as being correct, that would be 25% of the profit after SDs costs. I make that a gross profit of £14 per shirt, or 40% margin. If the share split went back to 51/49, Rangers would get just over £7 per shirt. To be fair, that isnt particularly bad considering they do absolutely nothing for the money 0 Quote Link to comment Share on other sites More sharing options...
MEADOWXI Posted June 11, 2015 Share Posted June 11, 2015 In case any Orcs require the verdict translated from court room english to their own Govan-garble....... Roon Yous..........PMSL, £20,000 costs (minimum as that the amount to be paid on account prior to assessment), to get told to shut up, and that doesn't even include the bill from their own lawyers, expect the begging bowl out like a church collection at the GM tomorrow. 0 Quote Link to comment Share on other sites More sharing options...
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