Rangers and STV .pdf

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Memorandum of Understanding
Collaboration on traditional and new media projects

1.

Parties

The Rangers Football Club plc ("Rangers"); and
STV Group plc ("STV")
2.

Objectives of the collaboration

Rangers' principal business is the operation of a football team participating in the Scottish Premier
League. Rangers has a large, global supporter base. In the course of operating its principal business,
Rangers also exploits individually or with partners the various media rights that it owns, controls or
licenses in order to provide content to its supporters across the World and to generate revenues. [ PR
messaging?]
STV is Scotland's digital media company. STV has, and continues to develop, expertise in delivering
media content across multiple platforms in order to strengthen its connection with its audience and
advertising partners.
The objective of the collaboration between Rangers and STV is to explore whether areas of
opportunity exist within the areas of traditional and new media, which can be exploited by the parties
for mutual benefit.
3.

Initial areas of focus

While the collaboration is intended to be wide-reaching and non-exhaustive, the following key areas
and themes have been identified as the initial areas for the parties to focus on:

4.



Analysing the extent to which available rights have been exploited by Rangers across the
available media platforms;



Combining the existing production expertise and facilities of both Rangers and STV (including
archive materials) to maximise as efficiently as practicable content output and to develop a
route to market for products and services using that content;



Determine the commercial potential available to Rangers from current and prospective media
channels and developing a strategy to maximise that potential, including a digital strategy;



Leveraging STV's expertise in advertising by developing a brokerage and commercial
syndication strategy for Rangers' content and services across a range of media platforms;



Developing Rangers-specific programming and other output to maximise sponsorship,
advertising and other commercial partnership opportunities for Rangers and STV across a
number of media platforms;



Developing a model to integrate further social media into Rangers' media strategy.
Purpose of the Memorandum of Understanding

The purpose of this Memorandum of Understanding ("MoU") is to agree and set out the principles
agreed by Rangers and STV which will form the basis of their collaborative relationship.

DW:#15555934-v1 AU

2

Other than as specifically set out in this MoU, this MoU does not and is not intended to create any
legal relationship between the parties in relation to the matters referred to herein. All matters
described in this MoU are to be the subject of specific, legally-binding documentation and all
appropriate corporate (and, where necessary, regulatory) authorisations.
Rangers and STV shall conduct all discussions and negotiations regarding the opportunities outlined
in this MoU (as the same may develop) in a timely manner and in good faith.
This MoU does not create or constitute either party as the exclusive partner or provider of the other in
connection with any of the matters referred to herein.
5.

Timescale

It is agreed that the parties will commence discussions regarding the initial areas of focus as soon as
practicable. A more detailed timetable for implementation of agreed projects will be established on a
case-by-case basis.
6.

Confidentiality

This paragraph 6 is legally binding.
Each party will keep confidential any information of the other, which is either designated as
confidential or would appear to the reasonable person to be confidential and will not divulge any such
information to any third party.
7.

Publicity

Neither party shall release or make any press or media release or press or media statement regarding
this MoU or its subject matter without the prior written consent of the other party.
8.

Review

This MoU shall be reviewed by the parties on a regular basis and any amendments hereto will be
approved in writing by authorised signatories of each party.
This Memorandum of Understanding is signed by each of the parties as follows:
Subscribed for and on behalf of
The Rangers Football Club plc
by Ali Russell, Chief Operating Officer
at Glasgow on
January 2012
……………………………………………

Subscribed for and on behalf of
STV Group plc
by
, Director/Authorised Signatory
at Glasgow on
January 2012
……………………………………………

DW:#15555934-v1 AU


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