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.
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