Judge rules against Mike Ashley in Rangers action after ‘abuse of process’
High Court judge Mr Justice Peter Smith had already slaughtered Mike Ashley and Sports Direct for abusing the court process in an attempt to get Rangers Chairman Dave King put in jail.
Now on Friday morning, the judge has cleared Dave King of contempt of court.
The action had been initiated by Mike Ashley with regard to claims that Dave King had broken confidentiality issues surrounding the tangled web of contractual issues that bind Rangers to the Newcastle United owner’s retail empire.
Mr Justice Peter Smith said this morning that the attempt to have Mr King found guilty of contempt for allegedly breaching a gagging order should never have been brought and was an abuse of process.
The bad publicity/news keeps on rolling for Mike Ashley with Newcastle United’s relegation struggle maybe the least of his worries.
With criticism from all sides as to how he treats his staff at Sports Direct and growth grinding to a halt for his retail business, Ashley has seen the share price halved in recent months and his fortune decrease by over £1billion (on paper).
Last night he was forced to sanction a public statement by his PR guru Keith Bishop, denying that he was planning to take Sports Direct back into private ownership.
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