Ashley wins court case over £15m pub deal

28 Jul 2017

Sports Direct boss and Newcastle United owner Mike Ashley will not have to pay out on a multi-million pound deal he allegedly made in a pub during a “night of heavy drinking”, the High Court has ruled.

Investment banker Jeffrey Blue claimed Ashley agreed during an booze-fuelled pub meeting in January 2013 that he’d pay him £15m if Sports Direct’s company shares doubled to £8, which they did in February 2014.

Mr Justice Leggatt, who said during the trial that the case was “a lot more interesting” than other business disputes, ruled in Ashley’s favour.

...

Want to read on?

This article is part of our subscription-based access. Please pick one of the options below to continue.
Already registered? Login to access premium content

Single User

  • - 10 issues a year delivered to you
  • - Digital edition of the magazine
  • - Access to premium content
  • - Access to the SJ Archives
  • - Weekly email newsletter
  • - Access to the SJ community online
  • - Advanced search feature
  • - Online support
  • - Access to SJ app- coming soon!
  • - 6 special focuses per year
  • - Special offers on SJ and IICJ events

Corporate User

The Corporate IP Licence is tailored to your firm, making it the most cost effective way for the firm to access Solicitors Journal, and enables the firm to remain compliant with copyright and our Terms and Conditions. This gives you the ability to print and circulate articles within the firm.

To enquire about a Corporate IP Licence for your firm, please contact our Subscriptions Manager on george.miller@solicitorsjournal.com.