Belfast Telegraph

Sports Direct boss Ashley wins £15m battle with banker

By Brian Farmer

Newcastle United owner and Sports Direct boss Mike Ashley has claimed a "comprehensive victory" in his High Court battle with an investment banker over a £15m deal allegedly made in a London pub.

Investment banker Jeffrey Blue told a judge that Mr Ashley promised to pay him £15m if he used his expertise to double Sports Direct's share price to £8 a share.

He said Mr Ashley paid only £1m and he wanted £14m damages.

Mr Ashley denied the claim and said Mr Blue was talking "nonsense".

Mr Justice Leggatt heard that the dispute centred on a conversation in the Horse and Groom pub in Great Portland Street, central London, four years ago.

The judge, who had analysed evidence at a High Court trial in London earlier this month, yesterday dismissed Mr Blue's claim.

He said no one at the pub would have thought any offer Mr Ashley made was serious.

The judge said Mr Blue may have borne a grudge against Mr Ashley.

Belfast Telegraph

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