Mike Ashley has won a High Court battle against an investment banker who claimed he was owed £14m by the Sports Direct tycoon.
Jeffrey Blue had alleged the entrepreneur made a business pact with him at a London pub during a night of heavy drinking in 2013.
The banker said he had been promised £15m if he used his expertise to increase Sports Direct’s share price to £8, but had only received £1m.
Mr Ashley had called Mr Blue a liar – insisting he never made big business decisions in pubs and that the £1m paid to the banker was a bonus for previous work.
The Newcastle United owner and Sports Direct boss was not in court to hear the judge deliver his ruling, but the business tycoon’s lawyers said he had won a “comprehensive” victory.
The case had centred on a conversation said to have taken place between Mr Blue and Mr Ashley during a night of heavy drinking at central London pub the Horse & Groom in 2013.
Source: Sky News