A report in mid-afternoon suggests that the delicate finances at Ibrox may be about to be tipped over the edge.
Earlier this week a desperate statement from Commercial Director James Bisgrove appealed for a new kit deal confirming that the three year contract with Hummel and Elite hadn’t reached its final season.
Recently it was revealed that Hummel/Elite had withheld almost £3m from sales with yet another round of litigation going the way of the club’s legal representatives.
This afternoon things took another twist with Celtic Quick News reporting on a statement from Hummel claiming ‘It is with regret that we have therefore rescinded our agreement with Rangers FC with immediate effect, due to the club being in material breach of contract.’
The statement confirmed that Hummel/Elite would be taking action against the club.
At the bottom of the article Paul 67 claimed that he had been sitting on the Hummel statement since 10am.
It’s not unusual for mainstream outlets to ignore bad news from Ibrox but there is no evidence of Hummel issuing any statement.
While a football club has supporters to keep in the loop there is no onus on Hummel to make any detailed explanation on one of their many contracts.
Since publication no one other than CQN has been able to come up with a source for the statement- either Paul67 has got an incredible scoop or he’s been stitched up like Sky Sports by a highly dubious translation service.
Hummel, Elite, rescind Newco agreement, start proceedings https://t.co/rKhoCp7neq
— Paul Brennan (@CQN) February 21, 2020
Where did you source the press release Paul as its not on Hummel or Elite Groups corporate pages !?
— Brushwood (@peacenjam) February 21, 2020
You sure about the provenance of the statement? Doesn’t appear anywhere else you’d expect to see it.
— TeeMack (@mishtakeshurely) February 21, 2020
It looks like you’ve been had.
— Red Kev (@weemoxy1) February 21, 2020
I’ll be honest this sounds like a hoaks, the language used doesn’t sound professional, you sure this is legit?
— Jamie (@TheEssexHoops) February 21, 2020