RPC client Mike Ashley wins £15m High Court battle over pub deal
Sports Direct boss Ashley described the £15m agreement as 'pub chat'
July 26, 2017 at 08:37 AM
2 minute read
RPC has secured a High Court victory for Sports Direct boss Mike Ashley in his dispute with investment banker Jeffrey Blue.
Blue alleged that Ashley had reneged on a £15m payment, promised to Blue in a London pub in 2013, if Blue doubled Sports Direct's share price from £4 to £8.
Ashley said he could not remember having made the offer as it was made during a night of heavy drinking and that the remark was in keeping with the "general banter" the two were having.
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