Not a good time for Mike Ashley with the legal process at the moment.

Even Billionaires can’t always win in court…

Mike Ashley was shamed when the tribunal found that he and Newcastle United had discriminated against cancer victim Jonas Gutierrez.

Now, the Newcastle United owner has had to admit defeat in at least one part of his vendetta against Rangers Chairman Dave King.

In his ongoing battle with the people now running Rangers, Mike Ashley had challenged the Scottish Football Association (SFA) over Dave King’s role at the Glasgow club.

Ashley had challenged the SFA’s decision to class Dave King as a ‘fit and proper person’ (oh the irony…) to be chairman of the club.

However, Mike Ashley has now had to drop this action after his legal team received information about the details of Dave King’s finances which the SFA used in their May 2015 deliberations.

A judge will now decide whether Mike Ashley is liable for costs accrued by both King and the SFA as they sought to defend themselves from the Newcastle United owner’s legal challenge. Earlier today Lord Bannatyne heard legal submissions made by lawyers acting for both the SFA and Mr King during a Court of Session hearing in Edinburgh.

The legal teams representing the SFA and Dave King argued that Mike Ashley had used the legal system to pursue a ‘vendetta’ against the Rangers Chairman and that Ashley’s alleged conduct and his decision to drop the proceedings, should result in him meeting costs.

Mike Ashley’s legal team told the court that Mike Ashley no longer wished to pursue the judicial review and that he shouldn’t be liable for the expenses of King and the SFA.

Amusingly, his legal representative claimed that Mike Ashley had raised this judicial review because he was acting in Rangers’s best interests.

The judge’s decision will be made in due course.