Gers sign three-year kit deal with Hummel

Rangers have announced a three-year kit deal with Hummel.

The Danish sportswear firm will replace Puma and provide the Light Blues with three kits each season.

Gers said in a statement that they had conducted “an extensive tender process with more than 10 offers being received”.

The deal with Puma was originally struck by former chief executive Charles Green but proved controversial.

It was part of a retail agreement which earned the club just seven pence from every pound spent in club shops before it was renegotiated last year.

Sources close to the club suggest the new Hummel partnership will generate “two to three times” the sums being generated by Puma.

Meanwhile, under-fire Rangers chairman Dave King will finally comply next week with a court ruling ordering him to make an offer to buy the club’s remaining shares.

The South Africa-based businessman lost two hearings in the Court of Session after the Takeover Panel took action following its assertion that he acted in “concert” with three other stakeholders when he launched his Ibrox boardroom coup in March 2015.

King now has until next Thursday to contact shareholders with an offer to buy up the rest of the remaining twothirds of the club’s equity at 20p per share, and Courier Sport understands plans to distribute the offer document are now in place.

If fully subscribed, King could be faced with a bill for £10.75 million.

But club officials are not expecting a major take-up, with shares in Rangers International Football Club PLC – which trade on JP Jenkins, a secondary market platform for “unlisted” companies – currently selling at 27.5p per share.

King will use funds from a company owned by one of his family trusts to finance the offer.