Ashley rejects Green's investment offer
Two weeks ago Green claimed that Ashley was about to take a 10% stake in Sevco in return for Sports Direct gaining exclusive merchandising rights.
The Newcastle United owner was one of three billionaires, none from Motherwell, that Green had lined up as investors.
Sevco today announced a joint venture with Sports Direct but there was no sign of any direct investment from the sportswear giant or from Ashley.
Green said: “We are delighted to have SportsDirect.com on board as they are one of the world’s top retail brands. This deal will be beneficial to both parties but more importantly the supporters who will be able to buy direct from Rangers once again and support their club.
“This is an exciting opportunity for Rangers to really drive revenues through the sale of merchandise with SportsDirect.com and profits will be reinvested back into the team and the Club.
“Rangers fans are passionate about all aspects of their Club and I know this new deal will improve our retail operation immeasurably and allow fans greater access to Rangers products worldwide.”
A spokesperson for SportsDirect.com added: “This is a very exciting deal for SportsDirect.com and we are pleased to be forming a retail partnership with one of the UK’s most recognised football clubs.
“Building on our well established retail and brand experience, we look forward to working with Rangers to offer a wider selection of official apparel and merchandise to their increasingly global fan base.”
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