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Ashley sue bid hears lies claim.

Byline: BRIAN FARMER reporters@dailyrecord.co.uk

AN INVESTMENT banker who is suing businessman Mike Ashley after claiming he is owed PS14million was yesterday accused of making up evidence.

Jeffrey Blue claims former Rangers shareholder Ashley, who owns Newcastle United and runs Sports Direct, did not stick to a commercial agreement.

Ashley disputes the claim. The High Court in London heard the dispute between Blue and Ashley relates to a conversation in a London pub in 2013.

Blue says Ashley promised him PS15million if he used his expertise to increase Sports Direct's share price to PS8 a share. He says Ashley paid only PS1million.

Ashley's lawyer David Cavender QC said Blue's claim was an "opportunistic try-on". The lawyer added: "There was no purported agreement."

Cavender said Ashley "fairly" couldn't recall details of the pub conversation "particularly in the light of the amount of drinking".

Ashley said in a written statement: "I can't believe (Mr Blue) is trying to take me for PS14million off the back of some drink banter that he is seeking to engineer into something more."

The hearing continues.

CAPTION(S):

BANTER Mike Ashley

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Publication:Daily Record (Glasgow, Scotland)
Date:Jul 5, 2017
Words:186
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