Mike Ashley (pictured today, left) previously told the court that he ‘likes to get drunk’
A High Court judge will now rule on a £15million fall out between Sports Direct boss Mike Ashley and an investment banker.
Jeffery Blue claims Newcastle United owner Mr Ashley promised to pay him the huge sum of money during a night of heavy drinking in London.
Mr Justice Leggatt previously heard Mr Ashley, 52, describe himself as a ‘power drinker’ and admit that he ‘likes to get drunk’.
Mr Blue says Mr Ashley promised to pay him £15million if he used his expertise to increase Sports Direct’s share price to £8 a share at a pub four years ago.
He says Mr Ashley paid only £1million and he wants £14million damages.
But Mr Ashley denies the claim and says Mr Blue is talking ‘nonsense’ and is ‘trying to take me for £14million off the back of some drunk banter’.
The court heard earlier today that Mr Blue told the sportswear firm’s chairman, Keith Hellawell, a different story.
Mr Hellawell told Mr Justice Leggatt how Mr Blue had said he was being paid £1million.
Mr Hellawell, who was a senior policeman before he embarked on a business career, said he had a conversation with Mr Blue three years ago.
He told the court: ‘He had told me £1million. I was shocked when I saw the figure of £15 million.’
He went on: ‘I was very clear on what he said in that conversation.’
Mr Ashley had told the judge that he made no £15million share price increase agreement with Mr Blue.
He said he had paid Mr Blue £1 million for ‘other deals’.
The judge has now finished hearing evidence relating to the dispute between the two parties at the court.
Jeffery Blue (left) claims Newcastle United owner Mr Ashley (right) promised to pay him the huge sum of money during a night of heavy drinking.
Mr Ashley (pictured) claims Jeffrey Blue is ‘trying to take me for £14m off the back of some drunk banter’
Mr Justice Leggatt started overseeing the trial last week and finished hearing from witnesses on Monday.
Lawyers are due to outline closing legal arguments on Wednesday, and the judge is expected to deliver a ruling later in the year.
During the hearing, a lawyer representing Mr Blue asked how much Mr Ashley had drunk at the Horse and Groom and he said within an hour he would have consumed up to five pints.
‘It was a fun evening – drinking at pace,’ he said. ‘I like to get drunk. I am a power drinker.’
Mr Ashley went on: ‘My thing is not to drink regularly. It is binge-drinking. I am trying to get drunk.’
He said he had been trying to ‘get p***** and have a good night out’ at the Horse and Groom.
Mr Ashley was asked how much Mr Blue had drunk.
‘He would never have been able to keep up,’ said Mr Ashley. ‘He’s a lightweight when it comes to drinking.’
Mr Ashley also claimed he has ‘never taken a penny’ out of the sportswear firm.